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Washington D.C.


Renaissance Washington Completes $30M Hotel Renovation Project

Renaissance Washington Completes $30M Hotel Renovation Project

The Renaissance Washington, DC Downtown Hotel, has finished a $30 million renovation project of its rooms and suites. Renaissance Hotels is a lifestyle brand within the Marriott International, Inc.…

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Washington REIT Hires Cassidy Turley to Sell Region’s Largest Institutional-Quality Medical Office Portfolio

Washington REIT Hires Cassidy Turley to Sell Region’s Largest Institutional-Quality Medical Office Portfolio

The Washington Real Estate Investment Trust (WRIT) has recently selected Cassidy Turley to sell its 1.3 million square foot medical office portfolio in the Washington, D.C. region. The Cassidy Turley team that will market the portfolio is formed of Paul Collins, Bill Collins, Jud Ryan, Drew Flood and James Cassidy.…

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Rock Creek Property Group Buys Properties Gospel Rescue Ministries-Owned Buildings, Plans Redevelopment

Rock Creek Property Group Buys Properties Gospel Rescue Ministries-Owned Buildings, Plans Redevelopment

Rock Creek Property Group, a commercial real estate investment company founded in 2002, has announced on February 12 the acquisition of two adjacent buildings in the heart of Washington, DC’s Gallery Place/Chinatown neighborhood.…

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Developers Break Ground on 310-Unit Apartment Project in Silver Spring

Developers Break Ground on 310-Unit Apartment Project in Silver Spring

Insight Property Group LLC of Arlington, VA, and Chevy Chase-based Nova-Habitat LLC held a ceremony on February 5 to celebrate the groundbreaking of Fenwick Station, a six-story, 310-unit apartment development in downtown Silver Spring. Neighborhood leaders and Montgomery County officials were also present at the event. The new development is…

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901 New York Avenue Awarded LEED Gold Certification

901 New York Avenue Awarded LEED Gold Certification

The 901 New York Avenue office building, a skyscraper located at 901 New York Avenue, NW, in Washington, DC, has earned LEED-EB Gold Certification. The property is co-owned by Boston Properties and an institutional client advised by J.P. Morgan Asset Management. Boston Properties developed the 11-story Class A office building…

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Mill Creek Starts Construction on 360-Unit Alexandria Apartment Community

Mill Creek Starts Construction on 360-Unit Alexandria Apartment Community

Mill Creek Residential Trust LLC has started construction on a 360-unit apartment community in Alexandria, Virginia. It is developing the project as part of a joint venture with AEW Capital Management and the original land owners represented by Green City Development. The transit-friendly, mixed-use multifamily community is called Landmark Gateway. It…

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COPT Announces Two New Virginia Data Centers

COPT Announces Two New Virginia Data Centers

Corporate Office Properties Trust (NYSE: OFC), a Columbia, Md.-based office real estate investment trust, announced on Monday, January 14, it plans to build two shell buildings in Ashburn, Va. (Ashburn Crossing). The company’s total investment in Ashburn Crossing is projected to be $42 million. It includes the remaining land on…

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Transwestern Team Sells Three Maryland Apartment Communities for Almost $100M

Transwestern Team Sells Three Maryland Apartment Communities for Almost $100M

Transwestern’s Bethesda, Md.-based Mid-Atlantic Multifamily Group, the only fully-integrated, collaborative multifamily brokerage team serving the entire Mid-Atlantic region, finished 2012 strong. In December, the group headed by Co-Directors Dean Sigmon and Robin Williams closed three deals in Maryland, totaling almost $100 million.Transwestern represented the sellers in all three transactions. Two…

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PRI Profits from 1718 Connecticut Ave. Sale; Social & Scientific Systems Renews

PRI Profits from 1718 Connecticut Ave. Sale; Social & Scientific Systems Renews

An entity operated by Dave Schaeffer, CEO of the Cogent Communications Group Inc., has paid $14.4 million for a landmark office building located at 1718 Connecticut Avenue, NW in Washington, DC. Richard McBride and Roy Ayers of Washington, DC’s McBride Real Estate Services, Inc. represented both the buyer and…

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CBRE Arranges $212M in Financing for Virginia Office Complex

CBRE Arranges $212M in Financing for Virginia Office Complex

CBRE Capital Markets announced it arranged $212 million in financing for Metro Park, a trophy-class office portfolio in Alexandria, Va. CBRE worked exclusively on behalf of Clarion Partners, a leading U.S. real estate investment manager based in New York. SunTrust Bank and HSBC Credit Corp. have provided the funding for…

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Loews Acquires The Madison Hotel in Washington, D.C.

Loews Acquires The Madison Hotel in Washington, D.C.

Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), is entering the Washington market. The New York-based hotel owner and operator has agreed to purchase the Madison Hotel from Jamestown Properties…

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Laurel Apartment Complex Sells for $28M

Laurel Apartment Complex Sells for $28M

The Westgate of Laurel, a renovated apartment complex in the heart of the Baltimore-Washington corridor, was recently sold to Westgate DNB Associates, a subsidiary of Geller Associates Inc. of Roseland, N.J.…

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