Washington D.C.
JV Lands $47M Loan for DC Office Portfolio
Coretrust Capital Partners and Normandy Real Estate Partners tapped HFF to secure financing for the 185,671-square-foot Reston Metro Center One & Two. The floating-rate loan was provided by AllianceBernstein.
DC-Area Office Asset Lands $33M Loan
The six-story property is close to Twinbrook Metro Station and last underwent thorough renovations in 2004. The current owner bought the building in 2005 from JBG Cos.
SIOR Names New Mid-Atlantic President
Overseeing approximately sixty representatives, Matthew Laraway will be responsible for managing groundbreaking instructional and networking proceedings.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
DC Office Building Trades, Seeks Rebranding
In a deal brokered by Newmark Knight Frank, American Real Estate Partners paid $64.2 million for the 192,000-square-foot office asset located in the NoMad submarket of Washington, D.C.
Avison Young Hires New Principals
Meet commercial real estate finance specialists Wesley Boatwright, Jonathan Goldstein and Michael Yavinsky, the trio that brings more than 60 years of industry experience combined to the firm.
NKF to Lease Iconic DC Office Building
A joint venture between Boston Properties, Blackstone and Equity Office selected NKF to handle the leasing of Metropolitan Square. The company will also be in charge of marketing initiatives to rebrand and reposition the building.
Xenia Buys Arlington Hotel for $105M
The hotel is situated in one of the busiest upscale segments of Arlington county. The property recently underwent an $11 million renovation.
Waterton Enters DC Hotel Market
The company acquired the former Loews Madison, a 356-key downtown hotel with a rich history. The property, rebranded as The Madison, a Hilton Hotel, has undergone more than $75 million in capital improvements in the last 15 years.
University of Virginia to Open New Educational Facility
UVA will lease 40,000 square feet at Monday Properties’ 1100 Wilson Blvd. in Rosslyn, Va. The space will include stadium-style seating designed for networking events and other business and school-related functions.