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Washington D.C.


The Cost of Buying a Home in D.C.

The Cost of Buying a Home in D.C.

The National Association of Realtors (NAR) says in its Metropolitan Median Area Prices and Affordability report for the first quarter of 2014 that the Washington-Arlington-Alexandria area is one of the most expensive markets in the country. The median sales price of existing single-family homes in the metro is $358,900. So…

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Montgomery County’s Silo Inn Shopping Center Sells for $17M

Montgomery County’s Silo Inn Shopping Center Sells for $17M

The Silo Inn Shopping Center, a neighborhood retail center in the Olney section of Montgomery County, now has a new owner. Bethesda-based Finmarc Management, Inc. sold the property to Taylor Georgia, L.L.C., a real estate investment company headquartered in Ellicott City. The price of the transaction was $17.42 million. Over…

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Terreno Buys Industrial Building in Capitol Heights for $18.1M

Terreno Buys Industrial Building in Capitol Heights for $18.1M

Terreno Realty Corporation continues to add new properties to its Suburban Maryland portfolio. In a transaction which closed on May 13, the San Francisco-based company has acquired another industrial building. The purchase price was approximately $18.1 million.…

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JV Acquires Fair Oaks Plaza in Fairfax

JV Acquires Fair Oaks Plaza in Fairfax

A Class-A office building in Fairfax has changed hands recently. Parkway Properties sold the Fair Oaks Plaza to a newly-formed joint venture for an undisclosed price. The joint venture consists of Los Angeles-based Coretrust Capital Partners and Normandy Real Estate Partners, of Morristown, New Jersey.…

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Fenwick Apartments to Open in Silver Spring This Summer

Fenwick Apartments to Open in Silver Spring This Summer

Insight Property Group L.L.C. broke ground in 2013, on February 5, on the Fenwick apartments in Silver Spring. Now, more than a year later, the project is nearing completion. Fenwick started pre-leasing apartments on May 10 and it will be ready for its first tenants to move in this July.…

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Washington, D.C., Apartment Market Podcast

Washington, D.C., Apartment Market Podcast

Pierce Eislen's Ron Brock Sr. and MHN's Research Editor Jack Kern discuss Washington, D.C., apartment market fundamentals in this edition of our market research podcast hosted by Senior Associate Editor Mike Ratliff. …

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Old Woodridge Library Torn Down to Make Way for State-of-the-Art Facility

Old Woodridge Library Torn Down to Make Way for State-of-the-Art Facility

Mayor Vincent C. Gray and DC Public Library Executive Director Richard Reyes-Gavilan met with residents on Wednesday, May 7, to celebrate the demolition of the old Woodridge Library. It will make way for a new, modern library, able to meet the current and future demands of the community.…

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Northern Virginia’s First Children’s Science Center to Open In Dulles in 2019

Northern Virginia’s First Children’s Science Center to Open In Dulles in 2019

The Children's Science Center announced on Tuesday, May 6, its plans to open two hands-on, interactive STEM-based facilities (science, technology, engineering and mathematics) in Northern Virginia. The two facilities will be the first of their kind in the region.…

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Marriott Opens $520M Marriott Marquis Washington, DC

Marriott Opens $520M Marriott Marquis Washington, DC

Marriott Hotels has recently reached an important milestone. On May 1, the company announced the opening of its 4,000th hotel, the Marriott Marquis Washington, DC. The hotel’s inaugural catered event will be held on May 10, while its formal dedication and grand opening will be held a month later, on…

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Washington Real Estate Investment Trust Buys Downtown Washington, DC, Office Building for $104.5M

Washington Real Estate Investment Trust Buys Downtown Washington, DC, Office Building for $104.5M

Washington Real Estate Investment Trust continues its buying spree in downtown Washington, D.C. The Rockville-based real estate investment trust announced on May 1 it has acquired the office building at 1775 Eye Street, NW, in the city’s Central Business District. The property changed hands for $104.5 million.…

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Victoria Condominium to Open In DC’s 14th Street Corridor This Summer

Victoria Condominium to Open In DC’s 14th Street Corridor This Summer

A new condominium building is getting ready to open in D.C.’s 14th Street Corridor. Drummond Development, a subsidiary of The UIP Companies, is putting the finishing touches on Victoria, its second condominium project on Chapin Street.…

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TODAY’S DEALS: Milestone Buys in Denver and Atlanta

TODAY’S DEALS: Milestone Buys in Denver and Atlanta

Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana. …

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