DC Metro Commercial Real Estate News

Nuveen Real Estate and tenant The Washington Metropolitan Area Transit Authority have completed a lease for 90,473 square feet at 6304 Sheriff Road in Landover, MD.

Nuveen Real Estate, WMATA Agree on 90K-SF Industrial Lease in Landover

By Lisa McDuffie | March 20, 2023 Landlord Nuveen Real Estate has signed a lease with The Washington Metropolitan Area Transit Author...Read more

Partners Lingerfelt and Partners Group have purchased the Northlake and Walthall distribution centers located in the Richmond, VA MSA.

Lingerfelt, Partners Group Acquire 1.2M-SF Industrial Portfolio in Richmond

By Lisa McDuffie | March 17, 2023 Richmond, VA-based Lingerfelt, a real estate investment and asset management company, and private m...Read more

Pennrose and partners have broken ground on the final rental phase of a $110 million Glenarden Hills, MD community that will add 158 affordable apartments to the site.

Final Phase to Add 158 Affordable Apartments to $110M Glenarden Hills Community

By Lisa McDuffie | March 17, 2023 Pennrose, Redevelopment Authority of Prince George’s County, B&W Solutions, and SHABACH! Mini...Read more

Washington Property Company has sold Solaire Wheaton, a 232-unit multifamily property located in Silver Spring, MD, for $64 million to 29th Street Capital.

Washington Property Company Gets $64M for Silver Springs Community

By Lisa McDuffie | March 15, 2023 Bethesda, MD-based Washington Property Company has sold Solaire Wheaton, a 232-unit multifamily pro...Read more

The RMR Group and tenant Standard Solar have agreed the latter will expand its footprint at the Redland Corporate Center Rockville, MD by 50 percent.

The RMR Group, Standard Solar Agree on 50% Expansion at Rockville’s Redland Corporate Center

By Lisa McDuffie | March 15, 2023 The RMR Group and tenant Standard Solar have agreed the latter will expand its footprint at 530 Gai...Read more

Mill Creek Residential has broken ground on Modera H Street, an apartment community located on the east end of Washington, DC’s H Street Corridor.

Mill Creek Residential Moves Dirt on 325-Unit Multifamily in DC’s H Street Corridor

By Lisa McDuffie | March 15, 2023 Boca Raton, FL-based Mill Creek Residential — a developer, owner-operator and investment manager ...Read more

Middleburg Communities has closed on a 30-acre land parcel in Midlothian, VA with plans to develop a Class A build-to-rent community.

Middleburg Communities to Develop Build-to-Rent Community in Midlothian

By Lisa McDuffie | March 15, 2023 Vienna, VA-based investment firm Middleburg Communities has closed on a 30-acre land parcel located...Read more

JK Land Holdings has purchased Gainesville Business Park, a six-building dynamic light industrial facility in Gainesville, VA, for $57 million.

JK Land Holdings Acquires Gainesville Business Park in NoVa for $57M

By Lisa McDuffie | March 13, 2023 JK Land Holdings has purchased Gainesville Business Park, a six-building dynamic light industrial f...Read more

Guardian Realty Investors, LLC has closed on $93.1 in permanent and bridge financing for eight office, medical office and life science buildings in the Washington, DC area.

Guardian Realty Investors Secures $93M Perm, Bridge Financing for DC Property Collection

By Lisa McDuffie | March 13, 2023 Bethesda, MD-based Guardian Realty Investors, LLC has closed on $93.1 million in permanent and brid...Read more

Salus Group has sold the U.S. Fleet Cyber Command Center of Operations building in Suffolk, VA for $33.3 million.

Salus Group Sells U.S. Fleet Cyber Command Center of Operations in Suffolk for $33M

By Lisa McDuffie | March 13, 2023 Salus Group has completed its $33.3-million disposition of the U.S. Fleet Cyber Command Center of O...Read more

Ernst Equities, LLC has completed its 16.1-million acquisition of Queens Park Plaza, a 94-unit affordable housing asset in Hyattsville, MD.

Ernst Equities Acquires $16M Naturally Occurring Affordable Community in Hyattsville

By Lisa McDuffie | March 10, 2023 Washington, DC-based real estate developer Ernst Equities, LLC has completed its $16.1-million acqu...Read more

Vision Properties has purchased South Lake at Dulle Corner Business Park, a 270,000-square-foot, Class A office building located in the McNair neighborhood of Herndon, VA.

Vision Properties Buys Herndon Office with $61M Acquisition Loan

By Lisa McDuffie | March 10, 2023 Vision Properties has purchased South Lake at Dulle Corner Business Park, a 270,000-square-foot, Cl...Read more

Cushman & Wakefield | Thalhimer has represented the seller in the $21.8-million disposition of seven warehouses leased to Lansing Building Products.

Cushman & Wakefield | Thalimer Brokers $22M Sale of Seven-Property Industrial Portfolio

By Lisa McDuffie | March 10, 2023 Richmond, VA-based Cushman & Wakefield | Thalhimer has represented the seller in the $21.8-mill...Read more

ORTHOVIRGINIA is partnering with LINGERFELT and Hourigan to develop a $50-million, 77,000-square-foot medical office building in Midlothian, VA.

Partners to Build $50M Orthopedics Medical Complex within Midlothian’s Watkins Centre

By Lisa McDuffie | March 10, 2023 ORTHOVIRGINIA, a VA-based orthopedic practice, is partnering with real estate investment and asset ...Read more

Bellwether Enterprise Real Estate Capital, LLC has closed on loan deals totaling $11.6 million to refinance and preserve three affordable housing complexes in MD.

Bellwether Enterprise Real Estate Capital Secures $12M to Refi, Preserve Affordable Housing in Maryland

By Lisa McDuffie | March 09, 2023 Bellwether Enterprise Real Estate Capital, LLC, a commercial and multifamily mortgage banking compa...Read more

Gavin Mauzy has been promoted to project manager, interior construction St. John Properties, Inc.

St. John Properties Promotes Gavin Mauzy to Project Manager

By Lisa McDuffie | March 09, 2023 Ashburn, VA-based St. John Properties, Inc. has promoted Gavin Mauzy to project manager, interior c...Read more

Divaris Real Estate has acquired Coronado, CA-based The McGarey Group, which is now operating as a division of the Divaris Group.

Divaris Real Estate Acquires California’s The McGarey Group

By Lisa McDuffie | March 08, 2023 Virginia Beach, VA-based Divaris Real Estate has acquired The McGarey Group, which is now operating...Read more

Russell Plaza, LLC has completed its $4.1-million acquisition of 811 Russell Avenue, a 32,000-square-foot office in Gaithersburg, MD.

Finmarc Management Sells $4M Office in Gaithersburg’s Biotechnology Hub

By Lisa McDuffie | March 08, 2023 Russell Plaza, LLC has completed its $4.1-million acquisition of 811 Russell Avenue, a 32,000-squar...Read more

The median price for a dedicated desk in the Washington, DC area is the 5th highest among the nation’s metro areas at $412 per month, per CoWorkingCafé research.

DC Region Among the Nation’s Most Expensive for Dedicated Desks

By Lisa McDuffie | March 07, 2023 The coworking space industry is booming nationwide due to consistent demand. However, prices for th...Read more

29th Street Capital has acquired Solaire Apartments, a 232-unit Class A property located in Silver Spring, MD.

29th Street Capital Buys 232-Unit Class A Multifamily in Silver Spring

By Lisa McDuffie | March 07, 2023 Real estate investment firm 29th Street Capital has acquired Solaire Apartments, a 232-unit Class A...Read more

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