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Washington D.C.


$300M National Museum of the United States Army to Open at Fort Belvoir

$300M National Museum of the United States Army to Open at Fort Belvoir

By Adrian Maties, Associate Editor After almost 200 years of preparation and delays, Virginia’s Fort Belvoir, one of the country’s most prominent defense installations, will become home to a $300 million, 175,000-square-foot, state-of-the-art museum built to honor America’s soldiers and tell [...]…

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Home Properties Buys Apartment Community for $93M

Home Properties Buys Apartment Community for $93M

By Adrian Maties, Associate Editor On Nov. 30, Home Properties Inc. purchased The Courts at Dulles apartment community. It paid paid $92.8 million in cash, or $226,000 per unit for the 411-unit property. The Courts at Dulles was built in 2000. Located in [...]…

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Montgomery County, Percontee Plan $3B LifeSci Village

Montgomery County, Percontee Plan $3B LifeSci Village

By Adrian Maties, Associate Editor Last week, Montgomery County partnered with local developer Percontee Inc. to redevelop 300 acres in White Oak. Site 2, a former Washington Suburban Sanitary Commission sludge processing facility, will become LifeSci Village, a mixed-use campus designed [...]…

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Mitsui Fudosan America to Buy Majority Stake in D.C.’s Homer Building

Mitsui Fudosan America to Buy Majority Stake in D.C.’s Homer Building

By Adrian Maties, Associate Editor Mitsui Fudosan America Inc. (MFA), the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., will pay $315 million, or about $746 per square foot,  for ING Office Fund’s 80 percent stake in 601 [...]…

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Work Starts on $300M CityMarket at O Project

Work Starts on $300M CityMarket at O Project

By Adrian Maties, Associate Editor On Nov. 18, work finally began on the the $300 million CityMarket at O, a 1 million-square-foot mixed-use project in Washington, D.C.’s historic Shaw neighborhood. It is one of 14 U.S. infrastructure projects selected by the [...]…

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Vornado Buys Washington Office Tower for $104M

Vornado Buys Washington Office Tower for $104M

By Adrian Maties, Associate Editor Vornado Realty Trust announced last week that it will acquire full ownership of 1399 New York Ave., N.W., for $104 million. The New York-based real estate investment trust previously held a 2.5 percent minority stake in [...]…

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Work Begins on Catholic University Project

Work Begins on Catholic University Project

By Adrian Maties, Associate Editor Abdo Development, The Bozzuto Group and Pritzker Realty Group have started work this week on a project that will change the face of Washington’s Brookland neighborhood. It will transform The Catholic University of America’s South Campus [...]…

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$1.2B in Projects Under Way Downtown

$1.2B in Projects Under Way Downtown

By Adrian Maties, Associate Editor Big development projects are a rare commodity these days, but Washington, D.C., has its fair share. Among the millions of dollars being invested in massive projects and property renovations creating new jobs and improving the local [...]…

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Home Properties Buys Alexandria’s Newport Village for $205M

Home Properties Buys Alexandria’s Newport Village for $205M

By Adrian Maties, Associate Editor Home Properties Inc. has paid $205 million for the Newport Village in Alexandria, Va., making it the largest acquisition in the company’s history in terms of price paid for an asset. The apartment community was purchased [...]…

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Gilbane to Develop Housing Facility, Lab Space for George Mason University

Gilbane to Develop Housing Facility, Lab Space for George Mason University

By Veronica Grecu, Associate Editor George Mason University has chosen Providence, R.I.-based Gilbane Development Co., a division of Gilbane Inc., and Baltimore-based architecture firm Canon Design to design, build, finance and lease two new developments. According to a Gilbane press release, [...]…

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New Housing Complex for D.C. Homeless; Bethesda Property Wins LEED Silver

New Housing Complex for D.C. Homeless; Bethesda Property Wins LEED Silver

By Veronica Grecu, Associate Editor The first of three housing complexes for homeless people planned by the District government was inaugurated last week by Mayor Vincent Gray and other city officials during a ribbon-cutting ceremony. Starting next month, the Mississippi Avenue [...]…

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Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel

Carr Hospitality, InterContinental Plan Southwest Waterfront Hotel

By Veronica Grecu, Associate Editor Washington, D.C.-based Carr Hospitality and InterContinental Hotels Group plan to create a four-star hotel on the Southwest Waterfront as part of a $2 billion redevelopment, The Wharf. The mixed-use neighborhood, a joint venture between developers PN [...]…

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