Washington D.C.
Morgan, DRA Buy 620-Unit Northampton Apartments in Largo, Md.
The 620-unit Northampton Apartments in Largo, Md., located roughly 15 miles outside of Washington, D.C., has come under new ownership. Acting in a partnership, Morgan Properties and DRA Advisors acquired the multi-family property from Equity Residential for approximately $95 million.…
Major Renovations Planned for 7900 Westpark Drive in Tysons Corner
Washington Real Estate Investment Trust has recently announced a major renovation plan for 7900 Westpark Drive, a Class A office complex in the hub of Tysons Corner, Virginia. It has also selected Jones Lang LaSalle to market the property.…
Arlington’s Newly Built Grayson Flats Sold for $33M
Insight Property Group and Buvermo Investments Inc. have sold the Grayson Flats apartments in Arlington last month for $33 million, or roughly $492,500 per unit. The buyer, an affiliate of local development company Silverwood Companies, acquired the property about a month after it was finished.…
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle's Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va. …
Lerner to Start Construction on Windmill Parc Luxury Apartment Community in Dulles Town Center
Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, has announced last week it started construction on the Windmill Parc at Dulles Town Center. This new luxury apartment home community will open in phases, with the first residents moving in next year.…
First Potomac to Sell Industrial Properties for $259M as Part of Strategic Plan
First Potomac Realty Trust announced on Monday, May 20, it has entered into two separate contracts to sell a portfolio of 24 industrial properties for a total of $259 million.…
Liberty Property Buys 291 KSF Office Building in DC for $133M
Liberty Property Trust acquired 2100 M St., N.W., Class B-plus, 291,000-square-office building in Washington, D.C., that has the potential to add more than 100,000 square feet, for $133 million from Hines. …
Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio
Lubert-Adler, a real estate investment company based in Philadelphia, recently purchased the Huntington Point apartment complex in Alexandria, Virginia. With this, its latest acquisition, Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.…
Normandy Hotel Sells in Washington
Modus Hotels, a Washington, D.C.-based owner and operator of lifestyle hotels, has partnered with Alex. Brown Realty (ABR), a real estate manager based in Baltimore, to purchase the Normandy Hotel in Washington, D.C.’s Dupont Circle. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the…
Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg
Tanger Factory Outlet Centers Inc., a publicly-traded REIT headquartered in Greensboro, North Carolina, and The Peterson Cos., one of the largest privately-owned real estate development companies in the Washington, D.C. region, have joined forces to bring a new, upscale outlet center to the Washington, D.C. metro area.…
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