District of Columbia
Skanska Developing First D.C. Multifamily
Swedish developer Skanska has arrived in Washington DC with Resa, its first multifamily development in the metro. The 12-story, 326-unit… Read more
Cordish Cos. Buys 250-Key Asset, Upgrades Planned
The Cordish Cos. acquired the combined Homewood Suites and Hilton Garden Inn properties in Hanover, MD, which totals 250 rooms.… Read more
MetLife, Norges Join Forces, Spend $422M on 838K-SF Office
MetLife Inc. and Norges Bank Real Estate Management joined forces once again to acquire an existing office building, Constitution Square… Read more
532K-SF Liberty Park Changes Hands for $100M
MRP Realty acquired the eight-building, 532,041-square-foot Liberty Park campus in Herndon, VA for $100 million from Liberty Property Trust. The… Read more
Blackstone In, Goldman Sachs Out on $1.8B Portfolio Deal?
Blackstone Group LP appears to be the big winner in the bid to acquire $1.8 billion in U.S. CRE assets… Read more
Two NC Multifamily Deals Yield $93M
Two separate apartment buildings in the Brier Creek area of Raleigh, NC, recently sold for a combined value of $93… Read more
Douglas Development Snags 71K-SF Office in Annapolis
Douglas Development acquired West Garrett Place, two contiguous office buildings totaling 71,185 square feet in Annapolis, MD. The Washington, DC… Read more
Cortland Enters DC Market with 630-Unit MF Purchase
Cortland Partners of Atlanta, GA has acquired the 630-unit Stoneridge Apartments, making its first foray into the Washington, DC market.… Read more
Hines Launches Construction on 360-Key Luxury Hotel
Hines and partner Qatari Diar have launched construction on Conrad Washington DC, a 360-room luxury hotel with 30,000 square feet… Read more
Outdoor Offices: The Next New Thing?
In an effort to get most indoor worker bees into the fresh air and sunshine, some developers are proposing outdoor… Read more
Carr Pays $105M for Bethesda Office, Plans Redevelopment
Carr Properties has acquired 7272 Wisconsin Avenue in Bethesda, MD. The Washington, DC-based buyer paid $105 million to the American… Read more
NY REIT, JBG to Create $8.4B JBG Realty Trust
New York REIT Inc. has struck a definitive agreement with the JBG Cos., based in Chevy Chase, MD to create… Read more
KBS REIT Acquires Silicon Valley Asset for $51.5M
Newport Beach, CA-based KBS Strategic Opportunity REIT II acquired Lincoln Court, a 123,529-square-foot, Class A, three-story office building in Campbell,… Read more
15 Best Cities to Work and Live
By: Daniella Soloway Work, Live and Play environments are taking over cities. Hear more about the development of such lifestyle… Read more
Tishman Speyer Readies for 370K-SF DC Office Building
Tishman Speyer will launch construction this summer on an 11-story, Class A office building at 2050 M St. N.W. in… Read more
Warner Building in DC Refinanced for $273M
Vornado Realty Trust, headquartered in New York City, announced that its 55% joint venture closed on a $273 million refinancing… Read more
Avison Young Hires John Kevill as Director, Capital Markets
John Kevill, formerly managing director of Eastil Secured, has been hired as Director of U.S. Capital Markets for Avison Young.… Read more
Happy 99th Birthday, I.M. Pei
Ieoh Ming (I.M) Pei is celebrating his 99th birthday today. Pei, a renowned architect, is best-known for designing the Bank… Read more
Carlyle’s 196-Unit Oakland Project Moves Forward
Carlyle Group is backing Wood Partners’ in a 196-unit residential project in Oakland’s Broadway-Valdez district. The Washington, DC-based private equity… Read more