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Washington D.C.


Finmarc Buys Laurel Commerce Center for $6M

Finmarc Buys Laurel Commerce Center for $6M

Finmarc Management, Inc. has recently announced the acquisition of another commercial property in the Greater Washington, D.C. area. The Bethesda-based commercial real estate firm has purchased the Laurel Commerce Center for $6 million.…

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Comstock Starts Work on Estates of Falls Grove

Comstock Starts Work on Estates of Falls Grove

More homes are coming to the Falls Grove community in northern Prince William County. Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock Holding Companies, Inc., the community’s developer, has recently announced the start of construction for a new phase at the development. Named the Estates of Falls…

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TIAA-CREF Buys D.C.’s Flats 130 at Constitution Square

TIAA-CREF Buys D.C.’s Flats 130 at Constitution Square

TIAA-CREF has added another multifamily property to its Washington, D.C. portfolio. The national financial services organization has recently purchased the Flats 130 at Constitution Square for an undisclosed price. The seller was a joint venture between Bethesda-based StonebridgeCarras and an affiliate of Walton Street Capital, L.L.C., from Chicago.…

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UMD Breaks Ground on A. James Clark Hall

UMD Breaks Ground on A. James Clark Hall

On Friday, November 21, The University of Maryland’s A. James Clark School of Engineering hosted a groundbreaking ceremony for the new A. James Clark Hall, in College Park. The new building will be a home for the bioengineering department and will offer state-of-the-art laboratories. According to the university, it…

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AMC Delancey Sells Radisson Largo-Washington, D.C., for $10.5M

AMC Delancey Sells Radisson Largo-Washington, D.C., for $10.5M

A Washington, D.C.-area hotel has recently changed hands. Philadelphia-based AMC Delancey sold the Radisson Largo-Washington, D.C. to an unnamed buyer for $10.45 million or about $56,800 per room.…

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Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants

Grosvenor Americas Renovates 1701 Pennsylvania Ave., Adds Three New Tenants

Grosvenor Americas has recently completed the renovation of one of its properties in Washington, D.C. The trophy office building at 1701 Pennsylvania Avenue now features a new, modern HVAC system.…

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St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling

St. John Properties Pays $11.7M  for Three OfficeFlex Buildings in Sterling

St. John Properties, Inc. has recently acquired a three-building office/flex portfolio in Sterling. The company paid $11.65 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John’s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and…

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Smithsonian Unveils Plans for $2B South Mall Campus Renovation

Smithsonian Unveils Plans for $2B South Mall Campus Renovation

By Adrian Maties, Associate Editor The Smithsoninan plans to renovate its South Mall campus. Last week, the institution unveiled a $2 billion master plan to revitalize the museums and gardens along Independence Avenue S.W., from Seventh to 12th streets. Denmark-based Bjarke Ingels Group, a noted international architectural firm, was hired…

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Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market

Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market

The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors. …

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Federal Realty Investment Trust to Start Work on Phase II of Pike & Rose

Federal Realty Investment Trust to Start Work on Phase II of Pike & Rose

Federal Realty Investment Trust announced at the end of October its plans to soon start work on Phase II of Pike & Rose, a new, pedestrian-oriented, mixed-use neighborhood in Montgomery County. On Tuesday, November 18, the company will hold a ribbon cutting ceremony to celebrate the official grand opening…

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Three Class A Office Buildings in Northern Virginia Change Hands

Three Class A Office Buildings in Northern Virginia Change Hands

Three more Northern Virginia Class A office buildings have recently changed hands. The properties are located in Reston and Herndon.…

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Insight Property Group Opens 240-Unit Shelby Apartment Community in Alexandria

Insight Property Group Opens 240-Unit Shelby Apartment Community in Alexandria

Insight Property Group has added another apartment community to the Washington, D.C. metro area. It’s called The Shelby and it features 240 luxury residences.…

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