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Washington D.C.


Multifamily Specialist Kettler Buys DC Site

Multifamily Specialist Kettler Buys DC Site

Multifamily developer and property manager Kettler has bought 1711 Florida Ave. NW in D.C. The company has not yet finalized plans for the site, which is in the Adams-Morgan neighborhood.…

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Montgomery County Council Approves Zoning for Clarksburg Premium Outlets at Cabin Branch

Montgomery County Council Approves Zoning for Clarksburg Premium Outlets at Cabin Branch

A large retail development in Clarksburg, Md., has taken another important step towards it becoming a reality. On Tuesday, February 4th, the Montgomery County Council voted almost unanimously to support the development of Clarksburg Premium Outlets at Cabin Branch. It will be the county’s first fashion outlet center. Eight council…

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Resmark to Bring Luxury Condos to Washington Area

Resmark to Bring Luxury Condos to Washington Area

The Resmark Companies is working hard to bring luxury condos to the Washington D.C. area. The Los Angeles- based full-service real estate investment advisor has partnered with two local developers to develop two different projects in downtown Bethesda and the desirable Dupont Circle neighborhood.…

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JBG Teams with STRS Ohio on Arlington County Mixed-Use Development

JBG Teams with STRS Ohio on Arlington County Mixed-Use Development

The JBG Cos. has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop Central Place, a 31-story, mixed-use development in Roslyn, Va.…

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Lerner Starts Vertical Construction of State-of-the-Art Office Tower in Tysons Corner

Lerner Starts Vertical Construction of State-of-the-Art Office Tower in Tysons Corner

Lerner Enterprises announced last week it started construction on 1775 Tysons Boulevard, an 18-story state-of-the-art office tower in Tysons Corner. The project is expected to be completed in late 2015. It will be the fifth premier office tower within The Corporate Office Centre at Tysons II master planned development.…

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Washington Property Co. Opens 232 Units in Suburban D.C.

Washington Property Co. Opens 232 Units in Suburban D.C.

Though a few finishing touches remain, residents are now moving into Solaire Wheaton, a LEED Silver certified TOD community in suburban Washington, D.C. …

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Two More D.C.-Area Office Properties Change Hands

Two More D.C.-Area Office Properties Change Hands

Office properties in the Washington, D.C. area continue to attract interest from investors. Last week, I wrote about the acquisition of the Thurman Arnold Building by a MetLife Inc. and Norges Bank Investment Management joint venture, in the first major commercial real estate sale of the year. Two more office…

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MetLife, Norges Bank Buy D.C. Trophy Office Building in First Major Transaction of 2014

MetLife, Norges Bank Buy D.C. Trophy Office Building in First Major Transaction of 2014

A month after announcing the birth of their joint venture, MetLife, Inc. and Norges Bank Investment Management (NBIM), a Norwegian pension fund manager, have made public the names of their second and third investments. One of the properties is located in downtown Washington, D.C. and is one of the city’s…

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Georgetown’s Montrose Residences More Than 50% Pre-Sold

Georgetown’s Montrose Residences More Than 50% Pre-Sold

In spite of the booming apartment construction in the Washington, D.C., metro area, the condo market is tight, with just nine-and-a-half months of new inventory available in the region, on average, according to Marcus & Millichap Real Estate Investment Services. The demand to own condos in the market is high…

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D.C.-Area Industrial Properties Sold for $35M

D.C.-Area Industrial Properties Sold for $35M

Two Greater Washington industrial properties have recently traded for about $35 million.…

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Wood Partners Starts Work on $60M Apartment Project in Germantown

Wood Partners Starts Work on $60M Apartment Project in Germantown

A new apartment community is coming to Germantown, one of the fastest-growing jurisdictions in Maryland. Wood Partners, a national real estate company, has recently broken ground on Alta Liberty Mill, a LEED-certified midrise complex located just across from the Germantown MARC commuter rail station.…

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Terreno Realty Buys Lanham, MD, Industrial Building for $5.6M

Terreno Realty Buys Lanham, MD, Industrial Building for $5.6M

Terreno Realty Corporation has recently announced the acquisition of a new industrial property located in Prince George's County, Maryland. The deal was closed on December 11, 2013. San Francisco-based Terreno Realty purchased the property for approximately $5.6 million. According to PropertyShark.com, the total market value of the property is $7…

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