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Washington D.C.


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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KBR Building Group to Construct The Acadia in Arlington

KBR Building Group to Construct The Acadia in Arlington

Multi-family developer Kettler has selected the Charlotte, N.C.-based KBR Building Group to construct The Acadia at Metropolitan Park, a 411-unit mixed-use, residential building in Arlington, Va.…

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Ground Broken on Apartments in Fair Lakes

Ground Broken on Apartments in Fair Lakes

Balfour Beatty Construction, a leader in the U.S. commercial construction industry and part of the London-based Balfour Beatty plc, has started work on a new residential project in Fairfax for The Bainbridge Cos. and Chesapeake Realty Partners.…

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Vornado to Sell Three Reston Office Buildings for $126 Million

Vornado to Sell Three Reston Office Buildings for $126 Million

Vornado Realty Trust (VNO) continues to trim its portfolio. The New York-based real estate investment trust announced on October 29 that it has entered into an agreement to sell three office buildings located in suburban Fairfax County, VA.…

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George Washington University to Build New 850-Bed Residence Hall

George Washington University to Build New 850-Bed Residence Hall

The George Washington University, the largest institution of higher education in the District of Columbia, plans to build a new, $130 million residence hall to meet the rising demand from students looking to live on the Foggy Bottom campus.…

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Northwestern Mutual Provides Cathedral Commons with $91M in Financing

Northwestern Mutual Provides Cathedral Commons with $91M in Financing

A joint venture between Giant of Maryland and the Bozzuto Group has managed to secure $91 million in construction and permanent financing for Cathedral Commons, a mixed-use development in Northwest Washington, D.C.…

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140-unit Cambria Suites Hotel Coming to Downtown Rockville

140-unit Cambria Suites Hotel Coming to Downtown Rockville

Rockville Town Square, in downtown Rockville, has added an ice-skating rink, a public library, 180,000 square feet of shops, restaurants and a grocery store in recent years.…

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Apartments Break Ground in Hyattsville; Continental Realty Buys Sterling Apartment Building

Apartments Break Ground in Hyattsville; Continental Realty Buys Sterling Apartment Building

Grady Management Inc., a full-service residential, commercial and real estate consulting firm, started construction last month on a new luxury apartment building in Hyattsville, Md.…

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New NYU Academic Center Opens–in Washington, DC

New NYU Academic Center Opens–in Washington, DC

By Adrian Maties, Associate Editor New York University, the world’s first Global Network University, opened a new academic facility in Washington, D.C., on Sept. 24. It will give NYU students a chance to study “abroad” (or “study away,” as the case may be) in the nation’s capital. NYU president John…

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Insight Buys Site Near Huntington Metro with Plans for Work $52M Apartment Project

Insight Buys Site Near Huntington Metro with Plans for Work $52M Apartment Project

By Adrian Maties, Associate Editor Insight Property Group L.L.C., a multifamily developer founded by longtime multifamily industry veterans Richard Hausler and Michael Blum in late 2009, on Sept. 11 announced the acquisition of 3.4 acres of land in the Alexandria section of Fairfax County, Va. It plans to use the site…

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