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LaSalle Investment Management Buys Phase I of Tysons West Mixed-Use Development

LaSalle Investment Management Buys Phase I of Tysons West Mixed-Use Development

The JBG Companies and JBGR Retail have sold phase one of the Tysons West mixed-use development. LaSalle Investment Management acquired the property on behalf of a separate account client. Eastdil Secured brokered the sale but the price of the transaction was not disclosed.…

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Donald Trump Breaks Ground on $200M Trump International Hotel Washington, D.C.

Donald Trump Breaks Ground on $200M Trump International Hotel Washington, D.C.

Donald Trump and The Trump Organization have finally broken ground last week on the redevelopment of The Old Post Office, in Washington, D.C. The $200 million project will transform the iconic Pennsylvania Avenue landmark into the new Trump International Hotel.…

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Principal Pays $75M For New M-F Asset in Petworth

Principal Pays $75M For New M-F Asset in Petworth

Principal Real Estate Investors is expanding its portfolio of properties on the East Cost. The Des Moines-based company paid $75 million to acquire The Swift Apartments, a new Class A multifamily community in Washington, D.C.’s Petworth neighborhood.…

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CEB Takes 350 KSF at JBG’s Central Place in Rosslyn; 2018 Move is Eyed

CEB Takes 350 KSF at JBG’s Central Place in Rosslyn; 2018 Move is Eyed

The Corporate Executive Board is moving its global headquarters to Rosslyn. On Monday, July 21, CEB announced that, after months of negotiations, it has signed an agreement with the JBG Companies for 350,000 square feet of space at the new Central Place development. The move, however, will take place in…

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Carr, Invesco and JOSS Buy Capital-Area Office Properties

Carr, Invesco and JOSS Buy Capital-Area Office Properties

The Washington, D.C, office market continues to heat up. At the start of the month, First Potomac Realty Trust paid $41 million for the Class A office building at 1775 Wiehle Ave., in Reston. Just days later, Finmarc Management Inc. announced the $31.5 million acquisition of a two-building office portfolio…

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TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.

TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.

HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction. …

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U.S. Department of Defense Renews 606,575-SF Lease at Hoffman Tower II

U.S. Department of Defense Renews 606,575-SF Lease at Hoffman Tower II

The U.S. General Services Administration, on behalf of the U.S. Department of Defense, has recently renewed its lease for 606,575 square feet of space at Hoffman Tower II, in Alexandria’s urban center. The transaction represents the largest lease signed in the D.C. area this past year.…

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Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner

Greystar to Develop 400-Unit, 34-Story Residential Tower in Tysons Corner

At the start of July, a 1.8-acre site in the Spring Hill Station mixed-use project, in Tysons Corner, changed hands for an undisclosed amount. The buyer was GDM Spring Hill Station LLC, a joint venture between The Georgelas Group Cos., T-Rex Capital Group LLC and Dierman Realty Group LLC. Shortly…

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Columbia Pike Streetcar to Get $65M in New State Funding from Commonwealth of Virginia

Columbia Pike Streetcar to Get $65M in New State Funding from Commonwealth of Virginia

Great news for the Columbia Pike Streetcar. The Commonwealth of Virginia will increase its funding to the project by up to $65 million. This will bring the state’s contribution to as much as 50% of total design and construction costs of the streetcar project.…

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PN Hoffman Plans to Bring 108 Condos to D.C.’s Southwest Waterfront

PN Hoffman Plans to Bring 108 Condos to D.C.’s Southwest Waterfront

PN Hoffman announced on July 9 its plans to redevelop the St. Augustine’s Church site in Washington, D.C.’s Southwest Waterfront neighborhood. The project will deliver a new church facing Maine Avenue, as well as a new condominium building right next to it.…

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Montgomery County Signs Agreement with Washington Property to Develop Silver Spring Homeless Center

Montgomery County Signs Agreement with Washington Property to Develop Silver Spring Homeless Center

Washington Property Company(WPC) and Montgomery County plan to bring a new homeless center to Silver Spring. The Bethesda-based commercial real estate company has recently signed an agreement with the county and expects to break ground on the new facility in about a year.…

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Thrive Senior Living Breaks Ground on The Tribute at Heritage Village

Thrive Senior Living Breaks Ground on The Tribute at Heritage Village

Thrive Senior Living plans to construct several senior living communities in the Washington, D.C. metropolitan area. The Atlanta-based developer is working on the projects together with Harrison Street Real Estate Capital, an industry leader in senior housing investment, and Palomino Capital, a Dallas-based venture specializing in platform-based growth investments. On…

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