McLean-based Capital One recently purchase the prime Georgetown property located at 3150 M NW for $50.2 million ($5,720/sf), according to Washington Business Journal. The sale of the 8,769sf retail building breaks the record for a non-redevelopment transaction in DC, according … Continue reading →
Oakland-based Blue Bottle Coffee Company has opened its first DC location at 1046 Potomac Street NW in Georgetown. Founded in 2002 by James Freeman, the gourmet coffee chain also has stores in California, New York and Tokyo. In addition to … Continue reading →
MGM National Harbor, which opened just outside of Washington DC last December, topped $50 million in monthly revenue for three of the past four months, according to CalvinAyre.com. The $1.4 billion property generated about $51.2 million in March, $50.5 million … Continue reading →
DC’s Historic Preservation Review Board (HPRB) recently approved plans for the restoration and retrofitting of the Carnegie Library at Mount Vernon Square, according to The Architect’s Newspaper. Apple intends to share the 63,000sf neoclassical building with Events DC and
Continue reading →Built in 1981, the property at 2501 M Street NW is undergoing a conversion from a Class B office (with three floors of condos on top) to a 59-unit multi-family condominium building with retail on the ground level. PRP Real … Continue reading →
New York-based Union Square Hospitality Group (USHG) has partnered with Property Group Partners, the developer of the new five-building, 2.2 million square feet, mixed-use Capitol Crossing to develop a dining concept as an anchor tenant, according to PR Newswire. The … Continue reading →
Rochester-based Wegmans Food Markets Inc. plans to open its first DC store at 3900 Wisconsin NW, the 10-acre site where Fannie Mae’s headquarters is currently located, according to
Continue reading →The average rent rate for DC office space with views of the city’s monuments is $70.50/sf – up 19 percent from 2010, according to Washington Business Journal (citing research from JLL). The average Other men are usually seen preferring treatment … Continue reading →
Commercial property assessed values in the Lee District of Fairfax County increased by 25 percent over the past five years from $3.98 billion in 2012 to $4.97 billion in 2016. Lee had the highest rate of increase among the county’s … Continue reading →
The Maryland legislature passed a bill this month which lowers the threshold of property owners’ signatures required to create business improvement districts (BIDs) in Montgomery County, according to Bisnow. The bill, which the governor is expected sign, lowers the threshold from … Continue reading →