Washington D.C.
JLL Names Senior VP for VAS Team
Lana Lenovitz will join a platform of more than 200 professionals, bringing valuable expertise to the Mid-Atlantic team.
Avison Young Brokers $24M MOB Sale
A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Suburban DC Mixed-Use Development Lands Refi
The refinancing of Westphalia Town Center—a mixed-use development in Prince George’s County—allows the company to continue developing the project and preparing land for commercial and retail uses.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.
Vornado Speeds Up JBG Smith Spin-Off
Common shares of the new REIT—which will trade on the New York Stock Exchange under the symbol JBGS—will be available starting July 18.
FiscalNote Relocates DC Headquarters
The company will occupy an entire floor, totaling 38,000 square feet, in the Heurich Building. The D.C. Mayor’s office granted FiscalNote a $750,000 incentive to remain in the area.
Transwestern to Handle Sale of DC-Area Office Asset
The 174,000-square-foot property is located within Prince George’s County Metro Center Complex, which consists of 1.3 million square feet of office space, 120,000 square feet of retail space, 134 residential condos and 910 multifamily/student housing units.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Skanska Tops Out Innovative DC Office Development
The $126 million project at 2112 Pennsylvania Ave., just five blocks from the White House, goes beyond the standard LEED Gold requirements to create a healthy work environment.