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Washington D.C.


Robust Suburbs Help Make Capital the Nation’s Tightest Office Market

Robust Suburbs Help Make Capital the Nation’s Tightest Office Market

The National Association of Realtors recently reported that the Washington, D.C. area currently has the lowest office vacancy rate in the nation. With a vacancy rate of 9.7%, Washington D.C. is just under New York City, with a 9.8% vacancy rate, Little Rock, Arkansas, 12.1%, and Birmingham, Alabama, 12.4%. Washington…

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Panda Power Funds Plans to Build 859 MW Power Plant in Maryland

Panda Power Funds Plans to Build 859 MW Power Plant in Maryland

Panda Power Funds, a private equity firm headquartered in Dallas, plans to build, own and operate an 859-megawatt combined-cycle power plant in an industrial area of Brandywine, Maryland. Called Panda Mattawoman, the natural gas-fueled plant is expected to be one of the cleanest and most efficient in the nation.…

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The Woodley to Bring 212 Apartments in Northwest D.C. next March

The Woodley to Bring 212 Apartments in Northwest D.C. next March

In a July news story, CBS MonyWatch ranked apartment rents in the Washington, D.C. area as the fourth highest in the nation, behind San Francisco, New York and Boston but ahead of Los Angeles or Miami. And Marcus&Millichap reports that rents will continue to grow throughout the year. Bad news…

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Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal

Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal

Regency Centers Corporation has acquired the Shoppes of Burnt Mills. The Silver Spring shopping center traded for $13.6 million. Regency purchased the property from its developer, Bethesda-based Finmarc Management Inc., together with an undisclosed co-investment partner.…

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D.C.’s Washington Harbour Sells to South Korean Investors

D.C.’s Washington Harbour Sells to South Korean Investors

D.C.’s Washington Harbour has a new owner. Principal Real Estate Investors acquired the asset for a consortium of South Korean investors advised by Simone Investment. Holliday Fenoglio Fowler represented the seller, a joint venture between Rockpoint Group and MRP Realty, and announced the closing of the sale on July 22.…

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700-Unit Apartment Building to Be Largest in Pentagon City

700-Unit Apartment Building to Be Largest in Pentagon City

The Arlington County Board recently approved phases four and five of the Metropolitan Park project. It calls for the redevelopment of an existing warehouse site into the single largest residential and retail high-rise in Pentagon City.…

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83 Luxury Apartments on the Market in DC’s West End

83 Luxury Apartments on the Market in DC’s West End

Washington, D.C.’s apartment market is adding 83 elegant and contemporary apartments. They are available for rent at The Bond, a newly renovated complex located at 1230 New Hampshire Avenue, in D.C.’s sought-after West End neighborhood.…

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Proposed Alexandria Athletics Complex Would Be Largest in D.C. Area

Proposed Alexandria Athletics Complex Would Be Largest in D.C. Area

The city of Alexandria has received an unsolicited proposal from the St. James Group LLC to develop a huge athletics complex on the 15-acre Hensley Park. If constructed, the St. James Sports & Entertainment Complex would be the largest athletics complex in the Washington D.C. area, featuring baseball, ice hockey,…

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JBG Debuts 474-Unit M-F Project Near Rosslyn Metro; Luxury Condo Conversion in Pipeline

JBG Debuts 474-Unit M-F Project Near Rosslyn Metro; Luxury Condo Conversion in Pipeline

Arlington County officials joined the JBG Cos. on the morning of June 19 to celebrate the opening of Sedona|Slate, a modern mixed-use community in the Rosslyn area. It is the first Arlington County development slated to earn LEED Gold certification.…

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Howard Hughes to Start Landmark Mall Remake in Spring 2014

Howard Hughes to Start Landmark Mall Remake in Spring 2014

Earlier this year, the Howard Hughes Corporation has submitted plans to the City of Alexandria for redevelopment of the portion of Landmark Mall between the existing Sears and Macy’s stores. On Monday, June 17, the Dallas-based owner, manager and developer of commercial, residential and mixed-use real estate announced it has…

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Major Renovations Planned for 7900 Westpark Drive in Tysons Corner

Major Renovations Planned for 7900 Westpark Drive in Tysons Corner

Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.…

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Arlington’s Newly Built Grayson Flats Sold for $33M

Arlington’s Newly Built Grayson Flats Sold for $33M

Insight Property Group and Buvermo Investments Inc. have sold the Grayson Flats apartments in Arlington last month for $33 million, or roughly $492,500 per unit. The buyer, an affiliate of local development company Silverwood Companies, acquired the property about a month after it was finished.…

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