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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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Finmarc Management Acquires Two-Building, 150,000-SF Office Portfolio in Alexandria for $31.5M

Finmarc Management Acquires Two-Building, 150,000-SF Office Portfolio in Alexandria for $31.5M

Finmarc Management, Inc. continues its expansion in Northern Virginia with the acquisition of a two-building office portfolio in Alexandria. The Bethesda-based commercial real estate company paid $31.5 million to buy Waterfront Center I and II from Gates Hudson.…

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The JCR Cos. Buys Retail Space at Lorton Station Town Center for $13.8M

The JCR Cos. Buys Retail Space at Lorton Station Town Center for $13.8M

The JCR Companies continues to expand its D.C. area retail portfolio. Shortly after scooping up a 2,710-square-foot retail building housing Cork & Fork, in the heart of the thriving 14th Street corridor, the real estate investment firm has acquired 51,800 square feet of retail space at Lorton Station Town Center.…

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1788 Holdings, Persimmon Capital Partners to Redefine Luxury Condo Living in D.C. with The Lauren

1788 Holdings, Persimmon Capital Partners to Redefine Luxury Condo Living in D.C. with The Lauren

Another luxury condo development has broken ground in the Washington, D.C. area. Called The Lauren Residences, it will deliver 40 condominiums to downtown Bethesda in the early spring of 2016. 1788 Holdings and Persimmon Capital Partners are the project’s developers. With The Lauren, they plan to ”redefine Washington, DC’s concept…

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First Potomac Realty Trust Improves D.C.-Area Office, Business Park Portfolio

First Potomac Realty Trust Improves D.C.-Area Office, Business Park Portfolio

First Potomac Realty Trust is improving its portfolio of office and business park properties in the greater Washington, D.C. region. The real estate investment trust has recently paid $41 million for a Class-A office building in Reston, while selling its Corporate Campus in Ashburn for the exact same sum, in…

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D.C.’s First Hyatt Place Hotel Opens in NoMa

D.C.’s First Hyatt Place Hotel Opens in NoMa

Just a month after the opening of D.C.’s first Cambria Hotel & Suites, in the historic Shaw neighborhood, the District is saying ”hello” to another important hotel brand. Hyatt Hotels Corporation, The JBG Companies and Crescent Hotels & Resorts have announced last week the opening of the city’s first Hyatt…

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