Regions Midatlantic | Washington DC
JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
GSA Renews Lease in Virginia
May 07, 2008
Lerner Enterprises of North Bethesda, Md., has announced that is has secured a lease renewal for 236,000 square feet with the General Services Administration (GSA) on behalf of the Department of Defense at 400 Army Navy Drive in Arlington (Pentagon City), Va.
D.C. Office Building Trades in $76M Deal
May 02, 2008
A 152,500-square-foot office building in Washington, D.C., has come under new ownership, courtesy of a transaction valued at $76 million. Sumitomo Corp. of America took the fully-leased debt-free property off the hands of The Bernstein Cos.
Mayfield Gentry Nabs D.C. Office
May 01, 2008
Mayfield Gentry Realty Advisors has agreed to purchase an 82,000-square-foot office building on K Street in Washington, D.C.
JV Secures $53M Loan for Washington, D.C. Mixed-Use Development
May 01, 2008
The joint venture of Canyon-Johnson Urban Fund and Donatelli Development has secured a $53 million construction loan with Citi Community Capital for Park Place, a ground-up, transit-oriented development comprised of 161 residential units and town homes, and community-serving retail in the Columbia Heights/Petworth submarket in northwest Washington, D.C.
Fisher House Apartments Restoration Unveiled
April 29, 2008
The Arlington Partnership for Affordable Housing, the Virginia Housing Development Authority, Arlington County and Enterprise Community Investment, Inc. has announced the grand opening of Fisher House apartments, a complex for individuals and families earning 60 percent or less of area median income in Arlington, Va.
$217M Construction Loan for Virginia Mixed-Use
April 25, 2008
Global equity firm The Carlyle Group and developers Cypress Equities and Kettler have received a $217 million construction loan that paves the way for the building of The Village at Leesburg in Leesburg, Va.
J Street, Woodmark to Merge
April 22, 2008
The J Street Cos. and J Street Development have reached a merger agreement in principle with the Woodmark Cos., according to a J Street release.
Pair of Non-Premier Office Properties in Bustling D.C. Command $62.5M
April 03, 2008
The office buildings at 1000 and 1010 Vermont Ave. in Downtown Washington, D.C., rating Class B and Class C, have just come under new ownership. Pembroke Real Estate Inc. acquired the properties, totaling 141,800 square feet, from Guardian Realty Investors L.L.C.
JLL Secures $108M Loan for American College of Surgeons
April 02, 2008
Jones Lang LaSalle's real estate investment banking practice announced today that it has arranged a $107.6 million structured development and construction loan on behalf of the American College of Surgeons for its build-to-suit, 165,000-square-foot class A office building in Washington, D.C.'s Capitol Hill submarket, within walking distance to the nation's Capitol.
$250M Refinancing Closes for Suburban D.C. Mall
April 02, 2008
Fair Oaks Mall, a nearly 1.6 million-square-foot regional shopping center in Fairfax, Va., has just been refinanced to the tune of $250 million. Property owner Taubman Centers Inc. used a portion of the proceeds to pay done existing debt on the enclosed two-level retail property.
Grubb & Ellis Realty Investors Takes Silver Spring Properties
April 01, 2008
Grubb & Ellis Realty Investors L.L.C. has acquired TecHill I & II in the Washington, D.C., suburb of Silver Spring, Md., on behalf of a private investor participating in the Grubb & Ellis Wealth Management program, it has announced.
Suburban D.C. Office Building Brings in $63M
March 28, 2008
Shirlington Gateway, a premier office property in the Arlington, Va., has just come under new ownership, courtesy of a transaction valued at $62.5 million. Choi Cos. L.L.C. took the 207,000 square-foot building off the hands of Federal Capital Partners, which had acquired the property just under two years ago for $55 million.
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