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Archive for the Category ‘Washington DC’

Insight Spends $75M to Transform Silver Spring Post Office into Apartments

Insight Spends $75M to Transform Silver Spring Post Office into Apartments

Insight Property Group, along with partner Nova-Habitat Inc., has selected the USPS’s Silver Spring facility as the site of a 310-unit, $75 million apartment project.

Economy Watch: Athens Burns, but Bailout Deal Might at Last Be Done

Economy Watch: Athens Burns, but Bailout Deal Might at Last Be Done

The Greek Parliament enacted new austerity measures to appease the EU, and citizens took to the streets in protest. Details of President Obama’s fiscal 2013 budget leaked over the weekend. And a Reuters poll showed a small retreat in customer sentiment in mid-February.

GSA Taps Trump for $200M Redevelopment of D.C.’s Old Post Office Building

GSA Taps Trump for $200M Redevelopment of D.C.’s Old Post Office Building

The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.

Are Government Agencies Still Desirable Tenants?

Are Government Agencies Still Desirable Tenants?

With the severe budget cuts, and in many cases outright downsizing, hitting all levels of government, are government tenants as desirable to office building managers and owners as they were pre–Great Recession?

Cassidy Turley to Provide Leasing Services for 2.2 MSF D.C. Development

Cassidy Turley to Provide Leasing Services for 2.2 MSF D.C. Development

Cassidy Turley becomes part of a landmark development in Washington, D.C., with Property Group Partners’ selection of the firm to serve as the exclusive leasing services provider for the I-395 Air Rights Development.

Paramount Group Buys 12-Story, 207 KSF D.C. Office Building

Paramount Group Buys 12-Story, 207 KSF D.C. Office Building

The latest purchase in the D.C. market comes courtesy of Paramount Group Inc., on behalf of Paramount Group Real Estate Fund IV, which picked up the 12-story building at 2099 Pennsylvania Ave.

Studley, Boyd Execs Form D.C. Tenant-Representation Firm

Studley, Boyd Execs Form D.C. Tenant-Representation Firm

Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.

Mitsui Fudosan Takes 80% Stake in D.C.’s Homer Building for $252M

Mitsui Fudosan Takes 80% Stake in D.C.’s Homer Building for $252M

Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.

General Services Administration Signs 254 KSF Lease in D.C.

General Services Administration Signs 254 KSF Lease in D.C.

The U.S. Small Business Association is staying put in its digs at the 420,100-square-foot Washington Office Center in Washington, D.C., as the U.S. General Services Administration just entered into a new lease renewal agreement with Vornado/Charles E. Smith for the SBA’s approximately 254,300-square-foot headquarters at the office property.

Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M

Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M

From coast to coast, retail transactions are closing one after the other. Among the grocery-anchored assets involved in the first deals of 2012 are the 50,600-square-foot Jenkins Row Retail in Washington, D.C., and the 130,800-square-foot Canyon Park Place in suburban Seattle.

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