News

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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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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