News

September 26, 2018

Carlyle Group, Aion Partners Sell 1200 New Hampshire Ave. in NW D.C. for $175 Million

A joint venture between The Carlyle Group and Aion Partners has sold 1200 New Hampshire Ave. NW in Washington, D.C., after more than a decade of ownership for $174.5 million, or approximately $564 per square foot. The buyer is GreenOak Real Estate, …

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September 25, 2018

Health Care Tech Firm to Join Nestlé USA at 35-Story Office Tower in Rosslyn

A health information technology solutions, services, devices and hardware supplier has signed a lease to open a new office at 1812 N. Moore St. in Arlington, Virginia, the 35-story tower home to Nestlé USA’s corporate headquarters. Cerner, a North K…

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September 25, 2018

Executive Tower in Downtown Washington, D.C., Changes Hands in $121.4 Million Deal

A Miami firm involved in the largest per square foot purchase in the Washington, D.C., office market closed on a significant transaction of its own with the $121.4 million purchase of the Executive Tower in the city’s East End from JBG Smith. Exan C…

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September 25, 2018

Bridge Investment Group Acquires Reston Office Park with Full Renovation on Tap

A Sandy, Utah-based investment management firm has acquired The Campus at Sunrise in Reston, Virginia, the company’s third investment in the Washington, D.C., market this year and its latest acquisition in a year that has seen the firm expand its offic…

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September 24, 2018

Madison Marquette Drops PMRG Name

Madison Marquette is dropping the PMRG brand following a merger of the two companies earlier this year. Pictured: Madison Marquette’s headquarters at the company’s mixed-use development The Wharf in Southwest Washington, D.C. The recently combined Mad…

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September 24, 2018

Executive Tower in Downtown Washington, D.C., Changes Hands in $121 Million Deal

A Miami firm involved in the largest ever per square foot purchase in the Washington, D.C., office market has completed a deal with JBG Smith to acquire the Executive Tower in the city’s East End for slightly more than $121 million. Exan Capital pai…

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September 24, 2018

Digital Realty Launches $1 Billion Offering to Fund 424-Acre Purchase to Meet Surging Data Center Growth in Northern Virginia

Demand for data storage space in Northern Virginia has surged to seemingly insatiable levels. Digital Realty, a publicly traded data center real estate investment trust, is betting on surging demand for data storage property in Northern Virginia, on…

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September 21, 2018

Office Rents in D.C. Metropolitan Area Continue To Struggle

The Class A Loudoun Gateway IV office building in Dulles, Virginia. Vacancies dropped notably in early 2017, but have remained relatively stable — and high — ever since. The elevated vacancies, which are more than 300 basis points above the nation…

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September 21, 2018

Morgan Properties Pulls Trigger on $62.3 Million Multifamily Buy in Alexandria, Virginia

Mid-Atlantic multifamily investor Morgan Properties expanded its Northern Virginia holdings with the purchase of the Bennington Crossings in Alexandria in a $62.3 million deal with Washington, D.C., investment and management firm, JBG Smith. The own…

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September 20, 2018

Llewellyn Joins St. John Properties

Eric Llewellyn joined St. John Properties as a retail leasing representative in Baltimore. In his new role, Llewellyn will support the leasing and lease renewal activities for the firm’s retail portfolio consisting of more than 2 million square feet o…

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