News

July 19, 2018

Alfred Weissman Real Estate Snags the Hilton Washington North Gaithersburg

Alfred Weissman Real Estate is making a value-add play in suburban Washington, D.C., after the real estate owner and developer out of Harrison, NY, bought the Hilton Washington North Gaithersburg in Gaithersburg, MD. The hotel delivered in 1981 on a…

Read More


July 19, 2018

Matan Sells Brand New Shell Building in Dulles North Industrial Park to CyrusOne

Matan Companies has sold its recently completed industrial building at the Dulles North Industrial Park in Sterling, VA, to Dallas-based data center management and colocation REIT, CyrusOne. The property traded for slightly more than $26.2 million, or …

Read More


July 18, 2018

1,000 More Apartments Coming to D.C.’s Hip Capitol Riverfront

Pictured: Ore 82, a 227-unit community Greystar recently delivered next to the 7.3-acre CSX site on New Jersey Ave. in southeast D.C.Apartment giant Greystar could break ground on a 1,000-apartment complex in Washington’s trendy Capitol Riverfront nei…

Read More


July 18, 2018

Southwest Could Be New Hot Quadrant in D.C.

While it might be bold to say Southwest D.C. is the new “hot quadrant,” it’s not without merit. The long-ignored area historically was known for the oldest continuously operating, open-air fish market in the U.S. and a slew of federal office buildi…

Read More


July 15, 2018

Mexico City Investor Expands D.C.-Area Portfolio, Buys The Residences at City Center in Manassas Park for $51.5 Million

Hasta Capital re-entered the Washington, D.C.-area multifamily market, this time to acquire The Residences at City Center in Manassas Park, VA, from True North Management Group. Hasta, a multifamily investment firm out of Mexico City, paid $51.5 mil…

Read More


July 13, 2018

Savills Studley Expands Capital Markets Group

Matt Brody has joined the Washington, D.C. office of global real estate services firm Savills Studley, where he will focus on debt and equity solutions. Brody will collaborate with fellow senior managing director Lindsay Stroud to identify debt and…

Read More


July 11, 2018

FP1 Strategies to Leave D.C. for Nearby Arlington

FP1 Strategies, LLC is leaving Washington, D.C., for Northern Virginia after the political consulting and media relations company agreed to a 29,849-square-foot lease at 3001 Washington Blvd. in Arlington, VA. FP1 will relocate from 1826 Jefferson P…

Read More


July 10, 2018

Continental Realty Sells Sterling Apartment Community for $48.4 Million

Continental Realty Corp. (CRC) has sold the 236-unit Chase Heritage community in Sterling, VA, to Chandler Residential for $48.4 million, or approximately $205,000 per unit. The Baltimore-based commercial real estate investment and management compan…

Read More


July 10, 2018

The City of Crystals is Poised to Shine Once Again

WeWork’s office building at 2221 S. Clark St. in Arlington, VA Developer Robert Smith envisioned a crystal city in the heart of the D.C. metro. Well, maybe not crystal, but decades ago, Smith committed time and capital to a desolate area of Northern…

Read More


July 10, 2018

Joint Venture Completes $152M Acquisition of Arlington’s Sequoia Plaza I, II and III

A joint venture led by PRP has completed its acquisition of Sequoia Plaza I, II & III in Arlington, VA, paying $152 million, or nearly $413 per square foot, for the three-building portfolio. PRP, a Washington, D.C.-based real estate investment mana…

Read More