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KBR to Construct Luxury Aurora High-Rise in North Bethesda

KBR to Construct Luxury Aurora High-Rise in North Bethesda

By Adrian Maties, Associate Editor LCOR, a leading real estate development company, has awarded a contract last week to the KBR Building Group to provide construction services for an 18-story luxury high-rise residential project in North Bethesda, Md. Named the Aurora, it will be the second of four high-rise residential…

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J.P. Morgan Buys Two Washington D.C. Apartment Buildings

J.P. Morgan Buys Two Washington D.C. Apartment Buildings

By Adrian Maties, Associate Editor J.P. Morgan Asset Management, a division of J.P. Morgan Chase, recently acquired the 909 at Capitol Yards and the Axiom at Capitol Yards, two apartment buildings located in Washington, D.C.’s Capitol Riverfront neighborhood. J.P. Morgan Asset Management acted on behalf of institutional investors. A few months…

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Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory

Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory

By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified…

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Bozzuto’s 116-Unit vPoint Celebrates Grand Opening

Bozzuto’s 116-Unit vPoint Celebrates Grand Opening

By Adrian Maties, Associate Editor vPoint, a new high-rise, mixed-income apartment community, celebrated its grand opening in Clarendon, a popular Arlington neighborhood, on April 12. The Class A apartment complex was co-developed by Bozzuto Development Co. and Chesapeake Community Advisors in partnership with the Arlington County, Va., Housing Development Authority (VHDA)…

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114-Unit Adams Morgan Apartment Building Sells for $26M

114-Unit Adams Morgan Apartment Building Sells for $26M

By Adrian Maties, Associate Editor Washington, D.C.-based Urban Investment Partners L.L.C. and Infinity Real Estate of New York have paid $26 million for a 114-unit apartment building at 1841 Columbia Road, N.W., in Washington, D.C. The Fairfield Residential Co.  was the seller. New York-based Arbor Commercial Mortgage provided the acquisition and…

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Lowe Enterprises Starts $70M Crystal City Office Redevelopment

Lowe Enterprises Starts $70M Crystal City Office Redevelopment

By Adrian Maties, Associate Editor Lowe Enterprises hosted a ceremony on March 29 to mark the start of of its $70 million redevelopment of 1400 Crystal Drive in Crystal City, Va. Government, business and civic leaders were present at the event, among them Mary Hughes Hynes, chair of the Arlington County…

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Hamilton Square Expected to Sell for $200M

Hamilton Square Expected to Sell for $200M

By Adrian Maties, Associate Editor Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to [...]…

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Work to Finally Start on East Campus in 2013

Work to Finally Start on East Campus in 2013

By Adrian Maties, Associate Editor Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park [...]…

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LaSalle Pays $143.8M for DC’s Hotel Palomar

LaSalle Pays $143.8M for DC’s Hotel Palomar

By Adrian Maties, Associate Editor LaSalle Hotel Properties (NYSE: LHO) announced on March 9 it has acquired the Hotel Palomar in Washington D.C. The real estate investment trust paid $143.8 million for the hotel in an off-market transaction. It is the region’s [...]…

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Donohoe to Start Work on Gallery of Bethesda

Donohoe to Start Work on Gallery of Bethesda

By Adrian Maties, Asscoiate Editor Donohoe Construction Co. and Donohoe Development will start construction this month on the first phase of the Woodmont Central plan. Known as the “Gallery of Bethesda,” the residential and retail project will replace older commercial offices [...]…

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RTC Partnership Plans to Reshape Reston’s Skyline

RTC Partnership Plans to Reshape Reston’s Skyline

By Adrian Maties, Associate Editor In spite of the high number of office vacancies along the Dulles Toll Road corridor, RTC Partnership L.L.C. plans to develop a high-end office tower at 1760 Reston Parkway. The proposed 418,000-square-foot mixed-use building would be [...]…

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Equinix to Invest $109M in D.C. Data Center Campus

Equinix to Invest $109M in D.C. Data Center Campus

By Adrian Maties, Associate Editor Equinix Inc. (Nasdaq: EQIX), a provider of global data center services, has announced plans to invest $109 million into its data center operation in the Washington, D.C., area. Projects include a new International Business Exchange data [...]…

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