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Rockville Project Breaks Ground After 10 Years, But The Developer Sees Roadblocks As An Advantage
News 2 months ago
Rockville Project Breaks Ground After 10 Years, But The Developer Sees Roadblocks As An Advantage

A four-story apartment project within a half-mile of a Montgomery County Metro station has taken nearly a decade to move forward, but the developer...

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SAIC Looks To Consolidate 1.2M SF D.C.-Area Office Footprint Following Engility Acquisition
News 2 months ago
SAIC Looks To Consolidate 1.2M SF D.C.-Area Office Footprint Following Engility Acquisition

Last month's $2.5B merger of two government contractors has created a monumental task for those in charge of consolidating its real estate and tech...

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For Pennsylvania Avenue's Transformation, It's One Step Forward, Two Steps Back
News 2 months ago
For Pennsylvania Avenue's Transformation, It's One Step Forward, Two Steps Back

The hundreds of thousands of visitors who come to "America's Main Street" to see the Newseum's monument to the First Amendment, the row of daily...

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Cafritz Lands Aldi To Anchor Fort Totten Development
News 2 months ago
Cafritz Lands Aldi To Anchor Fort Totten Development

German grocer Aldi will join a children's museum, an experiential art museum and a food hall in anchoring the next phase of Cafritz Foundation's...

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Inside WeWork's First Location On A College Campus
News 2 months ago
Inside WeWork's First Location On A College Campus

COLLEGE PARK, Md. — The Old Line State's flagship university is now home to its first WeWork location, as the coworking giant tests out a campus...

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Tysons Site Planned For 700-Unit Development Hits The Market
News 2 months ago
Tysons Site Planned For 700-Unit Development Hits The Market

A new opportunity has just hit the market for developers looking to build apartments next to two regional malls in a large corporate office hub....

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Starwood Hires MetLife's D.C. Acquisitions Head To Lead New Opportunity Fund
News 2 months ago
Starwood Hires MetLife's D.C. Acquisitions Head To Lead New Opportunity Fund

Starwood Capital Group is the latest major investor to launch a business focusing on the new federal opportunity zone program. The global...

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Lincoln Property Signs 2 New Leases, Expansion At Renovated West End Building
News 2 months ago
Lincoln Property Signs 2 New Leases, Expansion At Renovated West End Building

A West End office building, after losing its anchor tenant and undergoing a large renovation, has signed three deals to bring it over 75% leased....

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Alexandria Office Building To Be Converted To Private High School
News 2 months ago
Alexandria Office Building To Be Converted To Private High School

Demand for more educational space in the D. C. region is forcing schools to get creative about where they will open classrooms. Immanuel Christian...

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Boston Properties Sells TSA Headquarters Project In Springfield
News 2 months ago
Boston Properties Sells TSA Headquarters Project In Springfield

Boston Properties is working on five build-to-suit office projects in the D. C. area, and it has just cashed in on one of them. The developer...

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Silver Spring Apartments Trade For $87M
News 2 months ago
Silver Spring Apartments Trade For $87M

The family office of billionaire David Rubenstein has partnered on the acquisition of a Silver Spring garden-style apartment community. Rockville...

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With Amazon Promising Huge Changes, Crystal City's Underground Mall Left In Limbo
News 2 months ago
With Amazon Promising Huge Changes, Crystal City's Underground Mall Left In Limbo

ARLINGTON, Va. — Paata Tsikurishvili opened the door to his studio with a smile on his face. Dressed in all black, the bearded artistic director of...

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Skanska To Develop 1700 M Through Ground Lease With JBG Smith
News 2 months ago
Skanska To Develop 1700 M Through Ground Lease With JBG Smith

Vornado demolished existing buildings, JBG Smith designed their replacement and now Skanska will take over the development of a Downtown D. C....

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The Shutdown May Have Stalled D.C.'s Investment Sales Market As It Was Ready To Take Off
News 2 months ago
The Shutdown May Have Stalled D.C.'s Investment Sales Market As It Was Ready To Take Off

The longest-ever government shutdown forced hundreds of thousands of federal workers across the D. C. region to go without pay and cost the region...

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Transwestern Takes Over Office Leasing At Reston Town Center
News 2 months ago
Transwestern Takes Over Office Leasing At Reston Town Center

The office leasing at Reston Town Center will now be managed by a new firm, but with the same man who has represented the pioneering mixed-use...

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Georgetown Retail Building Signs Patagonia, Then Sells In D.C.'s 2nd-Priciest Retail Deal Ever
News 2 months ago
Georgetown Retail Building Signs Patagonia, Then Sells In D.C.'s 2nd-Priciest Retail Deal Ever

A Georgetown retail building has just sold for one of the highest-recorded prices per SF in D. C. history. Jamestown acquired the retail building...

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Alexandria Planners Recommend Over 5M SF For Landmark Mall Redevelopment
News 2 months ago
Alexandria Planners Recommend Over 5M SF For Landmark Mall Redevelopment

New details are beginning to emerge about the massive redevelopment planned for Alexandria's mostly shuttered Landmark Mall. Alexandria released a...

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2 Federal Agencies Sign Deals To Stay At L'Enfant Plaza
News 2 months ago
2 Federal Agencies Sign Deals To Stay At L'Enfant Plaza

The new owner of a L'Enfant Plaza office building has signed lease renewals with two large federal tenants comprising about half of the building....

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Developer Who Spearheaded Capitol Crossing Megaproject Retires
News 2 months ago
Developer Who Spearheaded Capitol Crossing Megaproject Retires

The man who has led the development of D. C.'s $1.3B Capitol Crossing project is calling it a career. Property Group Partners Friday announced the...

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Construction Costs Causing Headaches For D.C. Contractors, Developers
News 2 months ago
Construction Costs Causing Headaches For D.C. Contractors, Developers

The skyrocketing cost of construction has become one of the top impediments to new development across the country, and even as Washington, D. C.,...

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Johns Hopkins To Buy Newseum Building On Pennsylvania Avenue For $373M
News 2 months ago
Johns Hopkins To Buy Newseum Building On Pennsylvania Avenue For $373M

The large Pennsylvania Avenue building that houses the Newseum will soon be converted into an educational facility for Johns Hopkins University....

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Insight Property Group To Convert Foggy Bottom Office Building To 153 Apartments
News 2 months ago
Insight Property Group To Convert Foggy Bottom Office Building To 153 Apartments

A Foggy Bottom office building will soon be turned into apartments after the State Department moves out this year. Insight Property Group closed a...

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Tenants In Tysons Have Wanted More Parking, Not Less, Since Metro Opened
News 2 months ago
Tenants In Tysons Have Wanted More Parking, Not Less, Since Metro Opened

Tysons planners and developers have sought to get people out of their cars and encourage more transit use and walking by creating hubs around the...

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Bernstein Cos. Teams Up With OPZ Capital To Launch Opportunity Zone Fund
News 2 months ago
Bernstein Cos. Teams Up With OPZ Capital To Launch Opportunity Zone Fund

D. C.-based developer The Bernstein Cos. is jumping into the opportunity zones space. The company announced Tuesday it partnered with OPZ Capital...

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Marriott Sells Global Headquarters To Senior Housing Developer
News 2 months ago
Marriott Sells Global Headquarters To Senior Housing Developer

The suburban Maryland campus Marriott International has called home for years will soon be redeveloped into a retirement community. Senior housing...

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With Major Developments On The Way, Locals Look To Improve Safety On North Capitol Street
News 2 months ago
With Major Developments On The Way, Locals Look To Improve Safety On North Capitol Street

A wide thoroughfare dividing two of the city's quadrants with monumental views of the U. S. Capitol, North Capitol Street has the potential to be...

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Piedmont Reaches Deal To Sell Southwest D.C. Office Building
News 2 months ago
Piedmont Reaches Deal To Sell Southwest D.C. Office Building

Atlanta-based Piedmont Office Realty Trust is cashing out of another Southwest D. C. office building. The REIT said in its quarterly earnings...

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Washington Post Sells Former Recycling Facility In Fairfax County
News 2 months ago
Washington Post Sells Former Recycling Facility In Fairfax County

The Washington Post has sold a Northern Virginia industrial building it once used as a paper recycling facility. Fortified Property Group bought...

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Montgomery County Moving Toward 'Fiscal Peril,' Needs To Spur New Development
News 2 months ago
Montgomery County Moving Toward 'Fiscal Peril,' Needs To Spur New Development

A depressed commercial tax base and moratorium on new development in parts of Montgomery County have hurt the county's fiscal health, according to...

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Hines Sells Office Building Near Nationals Park For A Loss After Losing Anchor
News 3 months ago
Hines Sells Office Building Near Nationals Park For A Loss After Losing Anchor

Hines has sold a Capitol Riverfront office building for less than it paid for it five years ago as it prepares to lose its anchor tenant. The real...

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