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Washington D.C.


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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$75M Apartment Project Planned for Silver Spring

$75M Apartment Project Planned for Silver Spring

By Adrian Maties, Associate Editor McLean, Va.-based apartment developer Insight Property Group L.L.C. and partner Nova-Habitat Inc. of Chevy Chase have chosen the site of the Postal Service’s Silver Spring Post Office for a 310-unit, $75 million Class A apartment project. [...]…

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Spyes to Get New Campus in Bethesda

Spyes to Get New Campus in Bethesda

By Adrian Maties, Associate Editor On Feb. 2, the National Capital Planning Commission approved a master plan for a new $300 million federal intelligence community campus in Bethesda. The project will create about 3,000 jobs. The U.S. Army Corps of Engineers will [...]…

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American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon

American Campus Communities Invests in DC Student Housing; Penzance Signs Naval Analysis Center in Clarendon

By Adrian Maties, Associate Editor American Campus Communities Inc. has acquired full operational control of the 901-bed Varsity in College Park apartments. The Austin-based company paid $96.6 million for 79.5 percent of the existing entity that owns the Varsity. Completed last year [...]…

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Hensel Phelps Wins Contract to Build Social Security Center

Hensel Phelps Wins Contract to Build Social Security Center

By Adrian Maties, Associate Editor The U.S. General Services Administration announced it has awarded a $191.6 million contract to Chantilly, Va.–based Hensel Phelps Construction Co. for the design and construction of a new Social Security Administration data center in Urbana. The [...]…

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CBRE Global Investors Markets 300 Massachusetts Ave.

CBRE Global Investors Markets 300 Massachusetts Ave.

By Adrian Maties, Associate Editor CBRE Global Investors is marketing 300 Massachusetts Ave., N.W., in an attempt to take advantage of Washington, D.C.’s flourishing apartment sector, “Real Estate Alert” reported. The 371-unit Class A apartment community is expected to attract bids [...]…

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$300M National Museum of the United States Army to Open at Fort Belvoir

$300M National Museum of the United States Army to Open at Fort Belvoir

By Adrian Maties, Associate Editor After almost 200 years of preparation and delays, Virginia’s Fort Belvoir, one of the country’s most prominent defense installations, will become home to a $300 million, 175,000-square-foot, state-of-the-art museum built to honor America’s soldiers and tell [...]…

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Home Properties Buys Apartment Community for $93M

Home Properties Buys Apartment Community for $93M

By Adrian Maties, Associate Editor On Nov. 30, Home Properties Inc. purchased The Courts at Dulles apartment community. It paid paid $92.8 million in cash, or $226,000 per unit for the 411-unit property. The Courts at Dulles was built in 2000. Located in [...]…

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Montgomery County, Percontee Plan $3B LifeSci Village

Montgomery County, Percontee Plan $3B LifeSci Village

By Adrian Maties, Associate Editor Last week, Montgomery County partnered with local developer Percontee Inc. to redevelop 300 acres in White Oak. Site 2, a former Washington Suburban Sanitary Commission sludge processing facility, will become LifeSci Village, a mixed-use campus designed [...]…

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Mitsui Fudosan America to Buy Majority Stake in D.C.’s Homer Building

Mitsui Fudosan America to Buy Majority Stake in D.C.’s Homer Building

By Adrian Maties, Associate Editor Mitsui Fudosan America Inc. (MFA), the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., will pay $315 million, or about $746 per square foot,  for ING Office Fund’s 80 percent stake in 601 [...]…

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Work Starts on $300M CityMarket at O Project

Work Starts on $300M CityMarket at O Project

By Adrian Maties, Associate Editor On Nov. 18, work finally began on the the $300 million CityMarket at O, a 1 million-square-foot mixed-use project in Washington, D.C.’s historic Shaw neighborhood. It is one of 14 U.S. infrastructure projects selected by the [...]…

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Vornado Buys Washington Office Tower for $104M

Vornado Buys Washington Office Tower for $104M

By Adrian Maties, Associate Editor Vornado Realty Trust announced last week that it will acquire full ownership of 1399 New York Ave., N.W., for $104 million. The New York-based real estate investment trust previously held a 2.5 percent minority stake in [...]…

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