Washington D.C.
Dimension Expands DC Management Portfolio
With the addition of the 220-key hotel The Westin Crystal City, the company’s portfolio achieved a historic milestone, peaking at 10,000 guest rooms.
Divaris Grows VA Portfolio With 1.3 MSF
The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Skanska Names New President
Robert Ward will oversee commercial and multifamily development operations, succeeding Shawn Hurley, who was with the company for seven years.
NoVa Office Tower Lands $250M Refi
The transaction includes a future funding facility of up to $70 million that Monday Properties can use to lease and upgrade the 580,000-square-foot building.
Avison Young Adds VP to Its DC Team
Georgiana Condoiu has been working in commercial real estate for a decade and in her new role she will contribute to the expansion of Avison’s capital markets platform across the country.
S. Korean Investment Firm Buys NASA HQ in DC
Two Independence Square, the largest asset in Piedmont Office Realty’s portfolio, sold for $360 million, or $593 per square foot.
Goodwin Leases 80 KSF at DC Trophy Building
The company will occupy the top three floors of the 11-story development located in the Dupont Circle and Farragut area. Relocation will take place in late 2019, upon building completion.
JBG Breaks Ground on DC-Area Headquarters
The 14-story building on Bethesda Avenue is slated for completion in the third quarter of 2019. The REIT will occupy the lower floors, with 200,000 square feet of office still up for grabs.
TCC, Meadow Partners to Redevelop Building Near the White House
The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. The MPAA has retained a 20 percent interest in the building and will occupy two of the eight floors once the asset is completed in 2019.