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Lowe Enterprises Starts $70M Crystal City Office Redevelopment

Lowe Enterprises Starts $70M Crystal City Office Redevelopment

By Adrian Maties, Associate Editor Lowe Enterprises hosted a ceremony on March 29 to mark the start of of its $70 million redevelopment of 1400 Crystal Drive in Crystal City, Va. Government, business and civic leaders were present at the event, among them Mary Hughes Hynes, chair of the Arlington County…

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Hamilton Square Expected to Sell for $200M

Hamilton Square Expected to Sell for $200M

By Adrian Maties, Associate Editor Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to [...]…

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Work to Finally Start on East Campus in 2013

Work to Finally Start on East Campus in 2013

By Adrian Maties, Associate Editor Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park [...]…

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LaSalle Pays $143.8M for DC’s Hotel Palomar

LaSalle Pays $143.8M for DC’s Hotel Palomar

By Adrian Maties, Associate Editor LaSalle Hotel Properties (NYSE: LHO) announced on March 9 it has acquired the Hotel Palomar in Washington D.C. The real estate investment trust paid $143.8 million for the hotel in an off-market transaction. It is the region’s [...]…

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Donohoe to Start Work on Gallery of Bethesda

Donohoe to Start Work on Gallery of Bethesda

By Adrian Maties, Asscoiate Editor Donohoe Construction Co. and Donohoe Development will start construction this month on the first phase of the Woodmont Central plan. Known as the “Gallery of Bethesda,” the residential and retail project will replace older commercial offices [...]…

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RTC Partnership Plans to Reshape Reston’s Skyline

RTC Partnership Plans to Reshape Reston’s Skyline

By Adrian Maties, Associate Editor In spite of the high number of office vacancies along the Dulles Toll Road corridor, RTC Partnership L.L.C. plans to develop a high-end office tower at 1760 Reston Parkway. The proposed 418,000-square-foot mixed-use building would be [...]…

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Equinix to Invest $109M in D.C. Data Center Campus

Equinix to Invest $109M in D.C. Data Center Campus

By Adrian Maties, Associate Editor Equinix Inc. (Nasdaq: EQIX), a provider of global data center services, has announced plans to invest $109 million into its data center operation in the Washington, D.C., area. Projects include a new International Business Exchange data [...]…

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$75M Apartment Project Planned for Silver Spring

$75M Apartment Project Planned for Silver Spring

By Adrian Maties, Associate Editor McLean, Va.-based apartment developer Insight Property Group L.L.C. and partner Nova-Habitat Inc. of Chevy Chase have chosen the site of the Postal Service’s Silver Spring Post Office for a 310-unit, $75 million Class A apartment project. [...]…

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Spyes to Get New Campus in Bethesda

Spyes to Get New Campus in Bethesda

By Adrian Maties, Associate Editor On Feb. 2, the National Capital Planning Commission approved a master plan for a new $300 million federal intelligence community campus in Bethesda. The project will create about 3,000 jobs. The U.S. Army Corps of Engineers will [...]…

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American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon

American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon

By Adrian Maties, Associate Editor American Campus Communities Inc. has acquired full operational control of the 901-bed Varsity in College Park apartments. The Austin-based company paid $96.6 million for 79.5 percent of the existing entity that owns the Varsity. Completed last year [...]…

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Hensel Phelps Wins Contract to Build Social Security Center

Hensel Phelps Wins Contract to Build Social Security Center

By Adrian Maties, Associate Editor The U.S. General Services Administration announced it has awarded a $191.6 million contract to Chantilly, Va.–based Hensel Phelps Construction Co. for the design and construction of a new Social Security Administration data center in Urbana. The [...]…

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CBRE Global Investors Markets 300 Massachusetts Ave.

CBRE Global Investors Markets 300 Massachusetts Ave.

By Adrian Maties, Associate Editor CBRE Global Investors is marketing 300 Massachusetts Ave., N.W., in an attempt to take advantage of Washington, D.C.’s flourishing apartment sector, “Real Estate Alert” reported. The 371-unit Class A apartment community is expected to attract bids [...]…

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