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Category Archives: Metro DC CRE

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Audit of DC’s First Source Program Reveals Meager Enforcement

CRE Worldwide Posted on July 3, 2018 by Ramin SeddiqJuly 3, 2018

DC’s First Source mandate requires construction companies to give hiring preference to local workers if a project receives taxpayer dollars. Companies building qualifying projects of $300,000 to $5 million must hire 51 percent local residents, and those in charge of … Continue reading →

Posted in Metro DC CRE | Tagged Construction, Development, Government, Taxes

Amazon Books Opens in Bethesda

CRE Worldwide Posted on June 27, 2018 by Ramin SeddiqJune 27, 2018

Amazon has opened its second DC area bookstore at Bethesda Row. The approximately 6,000sf store located at 7117 Arlington Road is the company’s 16th brick-and-mortar bookstore in the U.S. A 37,000sf Barnes & Noble at Bethesda Row closed in Kamagra … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Retail

The View at Tysons

CRE Worldwide Posted on June 17, 2018 by Ramin SeddiqJune 17, 2018

The five-building, 3 million-square-foot project known as “The View at Tysons” will include a 615-foot tall “Iconic Tower” (building C-3) that will have retail, hotel and condominium uses, according to Fairfax County. This tower is expected to be the tallest structure … Continue reading →

Posted in Metro DC CRE | Tagged Development, Investments

Initiative 77

CRE Worldwide Posted on May 28, 2018 by Ramin SeddiqMay 28, 2018

Initiative 77 aims to eliminate the tipped minimum wage in the District of Columbia by gradually increasing the rate until it is equal to minimum wage for non-tipped employees. The initiative is on the ballot for the DC primary election … Continue reading →

Posted in Metro DC CRE | Tagged Legal, Retail

DC Court of Appeals Sends Barry Farm Plan Back to Zoning Commission

CRE Worldwide Posted on April 28, 2018 by Ramin SeddiqApril 28, 2018

On Thursday, the DC Court of Appeals halted the city’s plan to redevelop the 444-unit Barry Farm complex. In

Continue reading →
Posted in Metro DC CRE | Tagged Development, Legal, Multi-family

Trader Joe’s Expanding Further in DC

CRE Worldwide Posted on October 2, 2017 by Ramin SeddiqOctober 2, 2017

Specialty grocer Trader Joe’s is expanding further in DC. In addition to Foggy Bottom, 14th Street and Capitol Hill (which opened last Friday), the California-based retailer plans to open a fourth DC location at Union Market next year and recently … Continue reading →

Posted in Metro DC CRE | Tagged Development, Leasing, Multi-family, Retail

DC Council Bill Targets Diplomatic Properties

CRE Worldwide Posted on September 22, 2017 by Ramin SeddiqSeptember 22, 2017

The DC Council is considering a bill that would direct the city to prepare and make public every six months a list of dilapidated properties owned by foreign governments, according to The Washington Post. The bill aims to address citizen … Continue reading →

Posted in Metro DC CRE | Tagged Government, Legal, Taxes

Long & Foster Gets Bought and Buys

CRE Worldwide Posted on September 17, 2017 by Ramin SeddiqSeptember 17, 2017

HomeServices of America, an affiliate of the Warren Buffett conglomerate Berkshire Hathaway acquired the Mid-Atlantic residential brokerage house The Long & Foster Companies on September 7 for an undisclosed amount, according to The Washington Post. The acquisition includes Long & … Continue reading →

Posted in Metro DC CRE | Tagged CRE Profession, Housing Market

Two Capital One Cafés to Open in DC

CRE Worldwide Posted on August 19, 2017 by Ramin SeddiqAugust 19, 2017

Capital One will open two Capital One Cafés in DC next year, according to Washington Business Journal. The concept, which has already been implemented in other markets, merges a café and a bank into one location offering coffee, pastries, free … Continue reading →

Posted in Metro DC CRE | Tagged Leasing, Retail

Meridian Group Enters Joint Venture for Boro Tower

CRE Worldwide Posted on August 14, 2017 by Ramin SeddiqAugust 14, 2017

New York-based Rockefeller Group has partnered with The Meridian Group in a 50/50 joint venture for the development of the 437,000sf, 20-story Boro Tower in Tysons Corner, Virginia, according to Bisnow. The Gensler-designed office building is part of a 15-acre, … Continue reading →

Posted in Metro DC CRE | Tagged Development, Leasing, New York, Office

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