News

August 1, 2018

RMR Group Targets $1 Billion in Assets for New Office Fund

4840 Westfields Blvd. in Chantilly, Virginia, is one of six suburban office buildings purchased by affiliates of Portnoy Family Office and being contributed to RMR’s new office fund. RMR Group Inc. is launching a new office investment fund to which …

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July 31, 2018

Washington Harbour Waterfront Complex Marks Biggest D.C. Sale This Year

Principal Financial Group and the National Pension Service of Korea sold the Waterfront Harbour on Georgetown’s waterfront in a deal that registers as the largest sale in the Washington, D.C., market this year. Global Holdings Group, a real estate h…

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July 31, 2018

Washington Harbour on Georgetown’s Waterfront Trades in Largest D.C. Sale This Year

Roughly five months after listing the property for sale, Principal Financial Group and the National Pension Service of Korea have sold the Waterfront Harbour on Georgetown’s waterfront in a deal that registers as the largest sale in the Washington, D.C…

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July 30, 2018

Amazon Seeks Economic Development Manager in Washington, D.C., Near 3 Potential HQ2 Sites

Amazon’s headquarters building in Seattle. The company is searching for the site of a second headquarters building. Amazon.com Inc. is hiring an economic development manager in Washington, D.C., near three of the potential sites the online retailer is…

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July 30, 2018

Waterton Adds 3,700-Apartment Package to Growing National Portfolio

Gramercy on the Park, a 535-unit apartment community in Dallas acquired by Waterton in a $327 million portfolio acquisition.Chicago-based real estate investor and property manager Waterton has acquired an apartment portfolio totaling 3,685 units in Tex…

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July 30, 2018

Columbia Property Trust to Sell Offices in Atlanta, Pittsburgh to Focus on San Francisco, Washington Markets

Columbia Property Trust is planning to sell office holdings in Atlanta and Pittsburgh as part of its strategy to focus on more expensive markets such as San Francisco, Manhattan and Washington, D.C., as part of its next stage as a real estate investmen…

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July 27, 2018

Eastdil May Attract Varied Suitors If It Seeks a Sale

Pictured: Eastdil Secured’s headquarters building at 40 W. 57th St. in New York City.If Wells Fargo pulls the trigger and decides to sell its real estate services arm Eastdil Secured, the suitors for the brokerage firm will be varied, say industry expe…

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July 25, 2018

GBT Acquires Silver Spring’s Ellsworth Place Retail Center with Fully Entitled Office Air Rights

Tennessee-based GBT Realty Corp., backed by Equity Resource Investments and Chilean investor Avante Financial Group, acquired the 347,172-square-foot Ellsworth Place retail center in Silver Spring, Maryland for $92 million. The sale, which works ou…

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July 24, 2018

Hyatt Hotel Next to Dulles Airport Trades Hands in $47.1 Million Deal

A 316-room hotel next to Dulles International Airport has traded hands for $47.1 million, or roughly $149,000 per key. Wheelock Street Capital, a private real estate investment firm out of Greenwich, CT, secured $40 million in acquisition financing …

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July 23, 2018

Torchlight, Hampshire Team Up to Buy 576-Unit Apt. Complex in Suburban D.C.

Two New York investment shops have snatched up a suburban Washington, D.C., apartment complex with plans for renovation. Torchlight Investors and Hampshire Properties acquired Milestone Apartments, at 12526 Great Park Circle in Germantown, MD, about…

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