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Category Archives: Metro DC CRE

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Georgetown University Repurposes DC’s Darth Vader Building Into a Multi-Use Education Facility

CRE Worldwide Posted on November 3, 2024 by Ramin SeddiqNovember 3, 2024

Georgetown University is in the process of repurposing the property located at 111 Massachusetts Avenue NW (nicknamed the “Darth Vader” building). According to the University, the building “is expected to be used as a multi-use education facility for new learning … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Investments, Office, Pricing, RE Sales

The Ballston Macy’s Redevelopment Project

CRE Worldwide Posted on October 16, 2024 by Ramin SeddiqOctober 16, 2024

Insight Property Group intends to redevelop the now-shuttered Macy’s at 685 & 701 North Glebe Road in Arlington, VA into a 16-story building with 553 apartment units, a 38,400sf organic grocery store and 2,000sf of in-line retail space. Construction at … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Government, Housing Market, Leasing, Multi-family, Retail

New Building in DC’s Union Market District Sold at Auction

CRE Worldwide Posted on May 23, 2024 by Ramin SeddiqMay 23, 2024

The 12-story, 110-unit mixed-use (multifamily and retail) building in DC’s Union Market neighborhood sold at a foreclosure auction today for $38,300,000.00. Silver Spring-based HH Fund is the purchaser. PropertyQuest (DC Office of Planning) indicates the 2024 assessment for the property … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Investments, Leasing, Lending, Multi-family, Pricing, RE Sales, Retail

citizenM To Open Its Third DC Location in Georgetown

CRE Worldwide Posted on May 14, 2024 by Ramin SeddiqMay 14, 2024

Netherlands-based premium economy hotel chain citizenM is slated to open a new 228-key location in DC’s Georgetown, according to Donohoe. The plans indicate that the new seven-story hotel at 3401 Water Street NW (aka 3401 K Street NW) will incorporate … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Europe, Hospitality, Hotels, Investments

JLL Prevails on Appeal in Lawsuit Concerning Dual Representation in DC

CRE Worldwide Posted on August 13, 2023 by Ramin SeddiqAugust 13, 2023

The U.S. Court of Appeals for the DC Circuit (the “Court”) recently issued a ruling vacating the District Court’s grant of summary judgment to 1441 L Associates, LLC (“Landlord”) in a $781,000 leasing commission dispute with brokerage firm Jones Lang … Continue reading →

Posted in Metro DC CRE | Tagged CRE Profession, Leasing, Legal, Office

Primark To Open Its First Maryland Store on September 7

CRE Worldwide Posted on August 3, 2023 by Ramin SeddiqAugust 3, 2023

Ireland-based fast fashion retailer Primark will open its first Maryland store on September 7 at Arundel Mills mall, according to Retail Insight Network. Fibre2Fashion reports that the Primark space at Arundel Mills is 36,000sf. CoStar quotes Kevin Tulip, Primark’s United … Continue reading →

Posted in International CRE, Metro DC CRE, US CRE | Tagged Europe, Industrial, Leasing, REITs, Retail, UK

George Mason University Acquires 3300 Fairfax Drive

CRE Worldwide Posted on July 31, 2023 by Ramin SeddiqJuly 31, 2023

George Mason University (“GMU” or “Mason”) has acquired the 26,482sf office building located at 3300 Fairfax Drive in Arlington’s Virginia Square neighborhood. The Fairfax-based public university paid $8,250,000 for the thirty-seven-year-old, three-story property, according to public records. As reported in … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Investments, Office, Pricing, RE Sales

New Maryland Law Increases the Threshold for IDOT Recordation Tax Deferral From $3,000,000 to $12,500,000

CRE Worldwide Posted on June 13, 2023 by Ramin SeddiqJune 13, 2023

According to a Liff, Walsh & Simmons publication, an Indemnity Deed of Trust (IDOT) is “a deed of trust granted by one or more of the guarantors of a loan who are pledging their real property as collateral, rather than … Continue reading →

Posted in Metro DC CRE | Tagged Government, Legal, Lending, RE Sales, Taxes

Arlington, Virginia Amends Zoning Ordinance To Address New and Shifting Uses in CRE

CRE Worldwide Posted on February 8, 2023 by Ramin SeddiqFebruary 8, 2023

Lexology reports that on Jan. 21, 2023, the Arlington County Board amended the Arlington County Zoning Ordinance to allow a set of new uses. The amendment is part of Arlington’s Commercial Market Resiliency Initiative, which the county describes as “[a] … Continue reading →

Posted in Metro DC CRE | Tagged Development, Government, Retail

bb.q Chicken To Open in Arlington’s Virginia Square

CRE Worldwide Posted on January 27, 2023 by Ramin SeddiqJanuary 27, 2023

Permits and notices posted at 3503 Fairfax Drive indicate that the entity Haly Group Inc. will open a franchise of bb.q Chicken at the retail space formerly occupied by Cosi. The space is located on the campus of FDIC’s L. … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Restaurants, Retail

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