News

January 8, 2018

Clal Insurance Taking $300 Million Stake in Carr Properties

Carr Properties is nearly ready to break ground on 7272 Wisconsin Ave., a 937,000-SF, mixed-use property in BethesdaCarr Properties completed a $300 million convertible debt investment with Clal Insurance Enterprises Holdings Ltd. The debt can convert …

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January 8, 2018

Class B Apartments in Demand

Pictured: The Vinyards in Kissimmee, FL, one of 28 Class B properties acquired by the Carroll Organization in late December.Apartment investors will be hunting for Class B properties this year – not as the value-added proposition they’ve been seen as r…

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January 7, 2018

Merritt Properties Secures $400 Million of Capital Investment

Merritt Properties latest purchase was 100 West Road in TowsonMerritt Properties entered into an agreement with an investment fund managed by Almanac Realty Investors under which the fund has committed up to $400 million of growth capital. It is exp…

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January 4, 2018

CBRE Global Investors Makes Significant Investment in Suburban D.C. with Acquisition of North Bethesda Market

CBRE Global Investors (NYSE: CBG), through its CBRE Strategic Partners U.S. Value 8 fund, started 2018 off with a bang after acquiring the North Bethesda Market in suburban Washington, D.C. from Capri Investment Group of Chicago. Terms of the deal were…

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January 3, 2018

TCC-Led Venture Sells Sentinel Square II for $166 Million

Trammell Crow Co. has sold the final piece of its 1.3 million-square-foot Sentinel Square office development in Washington, D.C.’s NoMa district for $165.9 million. TCC, along with joint venture partners Cottonwood Partners and a subsidiary of a pri…

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January 3, 2018

Washington REIT to Buy Arlington Tower in $250 Million Deal

Looking to increase its market share in the burgeoning Rosslyn submarket, Washington, D.C.-based investor Washington REIT (NYSE: WRE) has entered into a definitive agreement to acquire the Arlington Tower in Arlington, VA for $250 million. A landmar…

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January 2, 2018

Oil Price Information Services Leases 36,599 SF in Park Plaza at Shady Grove

Oil Price Information Services (OPIS), a price reporting agency, signed a lease for 36,599 square feet in the office building at 2099 Gaither Rd. in Rockville, MD. The six-story building totals 137,355 square feet within the Park Plaza at Shady Grov…

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December 22, 2017

WealthEngine Sublets Office Space in Westwood Corporate Center

WealthEngine, a business development service, signed a multi-year sublease for 25,605 square feet in the office property at 8619 Westwood Center Dr. in Vienna, VA. The four-story building totals 98,568 square feet within the Westwood Corporate Cente…

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December 21, 2017

Host Hotels & Resorts, Booz Allen Hamilton Joining JBG Smith at Firm’s Trophy Office Project in Bethesda

JBG Smith (NYSE: JBGS) is getting some company at the firm’s new trophy office development in downtown Bethesda, MD. Host Hotels & Resorts (NYSE: HST) will occupy 55,000 and management consulting firm Booz Allen Hamilton (NYSE: BAH) 65,000 square fe…

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December 21, 2017

Suburban DC Apt. Complex Sells for $110 Million

An Angelo, Gordon partnership has completed a deal to acquire a sprawling suburban Washington, D.C. apartment complex. Angelo, Gordon & Co., the New York-based real estate behemoth, and The Donaldson Group (TDG), a Rockville, MD owner-operator, paid…

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