News

August 13, 2018

U.S. Toughens Criteria for Some Foreign Investment in Real Estate

A deal by China’s Anbang Insurance Group to purchase the landmark Hotel del Coronado in San Diego near a major naval base was called off in 2016 following opposition from the U.S. Committee on Foreign Investment in the United States.International real …

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August 13, 2018

Bridge Investment Group Pays $70.3 Million for Silver Spring Apartment Community

Bridge Investment Group, a Utah-based real estate investment and property management firm with more than $10 billion in assets under management, expanded its East Coast holdings with the purchase of a 399-unit apartment community in suburban Washington…

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August 13, 2018

Carr Properties Kicks Off Major Mixed-Use Project in Bethesda

Carr Properties and its partners officially broke ground on an office, residential and retail project in downtown Bethesda, MD, just a week after announcing that two Fox Television local affiliate stations have pre-leased nearly 60,000 square feet of o…

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August 10, 2018

Carr Properties Starts 937,000-SF Mixed-Use Project in Bethesda

Carr Properties and its partners officially broke ground on an office, residential and retail project in downtown Bethesda, MD, just a week after announcing that two Fox Television local affiliate stations have pre-leased nearly 60,000 square feet of o…

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August 9, 2018

Brand New Apartment and Retail Complex Near D.C.’s U Street Corridor Trades for $128 Million

A Los Angeles investor active in the Washington, D.C., multifamily market for the better part of a decade has acquired a brand new apartment complex near northwest Washington, D.C.’s popular U Street corridor for $128 million. CIM Group, which has d…

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August 8, 2018

Joss Realty Scoops Up The Offices at Waterfront Center in Alexandria

The Offices at Waterfront Center, a 90,243-square-foot office building in Old Town Alexandria, has sold to New York City-based equity fund Joss Realty Partners in a $29.575 million deal. Bethesda, Maryland-based firm Finmarc Management originally pu…

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August 7, 2018

Paramount Finalizes $220 Million Sale of 2099 Pennsylvania Ave.

Paramount Group has sold a Class A office building on Pennsylvania Ave. in downtown Washington, D.C., for $220 million, or about $1,054.37 per square foot – a sales price that represents a $62 million profit for the firm and the third largest office sa…

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August 7, 2018

Paramount Enters Into $220 Million Sales Agreement for 2099 Pennsylvania Ave.

Paramount Group has entered into a definitive agreement to sell a Class A office building on Pennsylvania Ave. in downtown Washington, D.C., that, if the sales price holds, would represent a $62 million profit for the firm and the third largest office …

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August 3, 2018

Spaces Commits to Top Three Floors of Newly Renovated Office Building in Downtown D.C.

Spaces has signed a long-term lease for 49,400 square feet in the office building at 1441 L St. NW in downtown Washington, D.C. The creative workspace provider will occupy the top three floors of the 13-story building, which is currently undergoing…

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August 2, 2018

Fox Television Completes Deal to Move Studios, Offices to Downtown Bethesda

After more than 60 years in Washington, D.C., Fox Television is officially leaving its offices at 5151 Wisconsin Ave. NW for Carr Properties’ brand new mixed-use development in downtown Bethesda, MD. Fox, which broadcasts locally as Fox 5 WTTG and F…

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