News

October 25, 2017

QTS Breaks Ground on Ashburn Data Center

QTS Realty Trust (NYSE: QTS), an Overland Park, KS-based international provider of data center, managed hosting and cloud services, has begun development on Ashburn Data Center, a new 427,320-square-foot, 52-acre mega data center campus located just ou…

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October 25, 2017

Shook, Hardy & Bacon Relocating Longtime D.C. Offices to 1800 K St.

After nearly 20 years in Penn Quarter, Kansas City-based law firm Shook, Hardy & Bacon has reached a deal to relocate its Washington, D.C. offices from 1155 F St. to RREEF Management’s recently renovated Class A office building at 1800 K St. NW. Co…

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October 18, 2017

Colliers Acquires Leading D.C. Tenant Rep Firm Serten Advisors

Toronto-based Colliers International (NYSE: CIG) (TSX: CIGI) has acquired Serten Advisors as the global commercial real estate services firm looks to improve its market share in the Washington, D.C. region. Launched by co-founders and managing princ…

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October 17, 2017

Transwestern Development, Perseus Realty Launch Joint Venture

Looking to expand its development pipeline in the Washington, D.C. metropolitan area, Transwestern Development Co. (TDC) has launched a joint venture with local real estate investment and development company, Perseus Realty. The venture will pursue …

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October 16, 2017

Coretrust, Normandy Real Estate Obtain $47 Million Loan for Reston Metro Center One & Two

Coretrust Capital Partners and Normandy Real Estate Partners secured a $47 million floating-rate loan for Reston Metro Center I and II, a two-building, 185,546-square-foot office complex the venture acquired in late 2014 for $27.8 million. Reston Metro Center I and II are located at 12120 and 12180 Sunrise Valley Dr. roughly .3 miles from the planned Reston Town Center slated to deliver by 2020 on the Metrorail’s Silver Line. The complex is also…

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October 15, 2017

Spaces Subleases 19,300 SF in Chase Tower

Spaces, a flexible workspace concept, has subleased Capital One’s 19,300-square-foot offices on the sixth floor of Chase Tower in downtown Chevy Chase, MD. The 12-story Chase Tower totals 270,675 square feet off Wisconsin Ave. and two blocks north …

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October 12, 2017

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October 12, 2017

CXP Puts Dry Powder to Work with +$1 Billion in Office Purchases

After a quiet first half of 2017, Columbia Property Trust, Inc. (NYSE: CXP) has fired off more than $1 billion in acquisitions since the July 4 holiday including a flurry of deals for buildings in New York City and Washington, D.C. totaling $935 millio…

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October 11, 2017

Joint Venture Buys 1800 M St. in Largest D.C. Office Sale Since 2015

A recently launched joint venture has purchased 1800 M St. NW in a $421 million deal that stands as the largest office sale completed in Washington, D.C. this year. Atlanta-based Columbia Property Trust, Inc. (NYSE: CXP) and German financial firm A…

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October 9, 2017

DivcoWest Lands DC Office Bldg. Across from New Fannie Mae HQ

DivcoWest finalized a deal to acquire a 12-story office building located across from Fannie Mae’s future headquarters along 15th St. in Washington, D.C.’s East End. The San Francisco-based real estate investment firm paid a reported $100.5 million, or approximately $489 per square foot, to acquire 1133 15th St. NW, a 205,319-square-foot property home to startup incubator 1776 Campus, National Fish & Wildlife Foundation, SocialCode and Strayer University…

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