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Washington D.C.


Alexandria’s Virginia Village Sold for $68M

Alexandria’s Virginia Village Sold for $68M

Another apartment community in the Washington Metro area, one of the best apartment markets in the nation, has changed hands in a multi-million dollar deal. Fieldstone Properties has paid $68 million for Virginia Village, in Alexandria, Virginia.…

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AFL-CIO BIT to Sell Five-Building Portfolio in Tysons Corner

AFL-CIO BIT to Sell Five-Building Portfolio in Tysons Corner

In August, 2011, the AFL-CIO Building Investment Trust added a five-building portfolio in Tysons Corner to its Washington, D.C.-area properties. Now, the trust is looking for buyers for the same portfolio.…

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First Potomac Assumes Control of Redland Corporate Center with $30M Acquisition

First Potomac Assumes Control of Redland Corporate Center with $30M Acquisition

First Potomac Realty Trust announced this week the acquisition of Redland I, the third building at Rockville’s Redland Corporate Center. Redland I cost First Potomac $30 million and marks the first acquisition the company completed since late 2011.…

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Bethesda to Gain More Than 600 Apartments in 2015

Bethesda to Gain More Than 600 Apartments in 2015

More apartments are coming to one of the most affluent and highly educated communities in the United States, as two developments in Bethesda have recently taken important steps in the development process. By 2015, they will deliver over 600 new residential units to the hot D.C. suburb.…

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Balfour Beatty Construction Selected for George Mason University Student Housing Project

Balfour Beatty Construction Selected for George Mason University Student Housing Project

The George Mason University in Fairfax is growing and looking to become an active 24/7 campus. To help meet the continuing demand for undergraduate housing, the university has selected Balfour Beatty Construction to lead the design-build team for their new student housing facility, Shenandoah Housing VIIIB, also called Taylor…

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Robust Suburbs Help Make Capital the Nation’s Tightest Office Market

Robust Suburbs Help Make Capital the Nation’s Tightest Office Market

The National Association of Realtors recently reported that the Washington, D.C. area currently has the lowest office vacancy rate in the nation. With a vacancy rate of 9.7%, Washington D.C. is just under New York City, with a 9.8% vacancy rate, Little Rock, Arkansas, 12.1%, and Birmingham, Alabama, 12.4%. Washington…

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Panda Power Funds Plans to Build 859 MW Power Plant in Maryland

Panda Power Funds Plans to Build 859 MW Power Plant in Maryland

Panda Power Funds, a private equity firm headquartered in Dallas, plans to build, own and operate an 859-megawatt combined-cycle power plant in an industrial area of Brandywine, Maryland. Called Panda Mattawoman, the natural gas-fueled plant is expected to be one of the cleanest and most efficient in the nation.…

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The Woodley to Bring 212 Apartments in Northwest D.C. next March

The Woodley to Bring 212 Apartments in Northwest D.C. next March

In a July news story, CBS MonyWatch ranked apartment rents in the Washington, D.C. area as the fourth highest in the nation, behind San Francisco, New York and Boston but ahead of Los Angeles or Miami. And Marcus&Millichap reports that rents will continue to grow throughout the year. Bad news…

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Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal

Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal

Regency Centers Corporation has acquired the Shoppes of Burnt Mills. The Silver Spring shopping center traded for $13.6 million. Regency purchased the property from its developer, Bethesda-based Finmarc Management Inc., together with an undisclosed co-investment partner.…

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D.C.’s Washington Harbour Sells to South Korean Investors

D.C.’s Washington Harbour Sells to South Korean Investors

D.C.’s Washington Harbour has a new owner. Principal Real Estate Investors acquired the asset for a consortium of South Korean investors advised by Simone Investment. Holliday Fenoglio Fowler represented the seller, a joint venture between Rockpoint Group and MRP Realty, and announced the closing of the sale on July 22.…

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700-Unit Apartment Building to Be Largest in Pentagon City

700-Unit Apartment Building to Be Largest in Pentagon City

The Arlington County Board recently approved phases four and five of the Metropolitan Park project. It calls for the redevelopment of an existing warehouse site into the single largest residential and retail high-rise in Pentagon City.…

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83 Luxury Apartments on the Market in DC’s West End

83 Luxury Apartments on the Market in DC’s West End

Washington, D.C.’s apartment market is adding 83 elegant and contemporary apartments. They are available for rent at The Bond, a newly renovated complex located at 1230 New Hampshire Avenue, in D.C.’s sought-after West End neighborhood.…

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