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Washington D.C.


Balfour Beatty Hired to Build $30M Condo Project at The Wharf

Balfour Beatty Hired to Build $30M Condo Project at The Wharf

PN Hoffman & Associates has selected Balfour Beatty’s Washington division to construct a new condominium building on the St. Augustine’s Church site in Washington, D.C.’s Southwest Waterfront neighborhood. …

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Reston’s Parkridge Center 3 Changes Hands

Reston’s Parkridge Center 3 Changes Hands

Cushman & Wakefield announced last week it brokered the sale of Parkridge Center 3, a 110,000-square-foot Class A office building in Reston. The property was purchased by Transwestern Investment Management, on behalf of Diversified International Partners, for an undisclosed price.…

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New VRE Rail Station to Open in Potomac Shores Master-Planned Community in 2017

New VRE Rail Station to Open in Potomac Shores Master-Planned Community in 2017

Northern Virginia is getting a new rail station. Virginia Governor Terry McAuliffe was present on July 31 in Prince William County, together with many other federal, state, local and railroad officials, to celebrate the groundbreaking for the new Virginia Railway Express (VRE) station. The new station will be part of…

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MRP Realty-Rockpoint JV Buys Office Property in D.C.’s East End

MRP Realty-Rockpoint JV Buys Office Property in D.C.’s East End

Local real estate company MRP Realty has formed a joint venture with Rockpoint Group, LLC, a real estate private equity firm based in Boston, to purchase an office property in the East End submarket of Washington, D.C. The two companies announced on Monday, August 4, the acquisition of 1333 H…

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Metro Silver Line, Phase I of Expanded Tysons Corner Center Expected to Help Local Economy

Metro Silver Line, Phase I of Expanded Tysons Corner Center Expected to Help Local Economy

Residents of Northern Virginia are celebrating. Last week, they witnessed the opening of two important developments expected to transform the area: the first phase of Macerich’s expansion at Tysons Corner Center, and the Silver Line.…

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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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