The Watergate Hotel reopened last month after nine years and following a $125 million renovation. The 368-key five-star hotel is owned by Euro Capital Properties, who purchased it in 2010 for $45 million, according to Commercial Property Executive. generic tadalafil … Continue reading →
New York-based non-traded REIT Carey Watermark Investors 2 has acquired the Le Méridien Arlington, a 154-room, four-star hotel in Arlington, Virginia’s Rosslyn neighborhood for an undisclosed price. The Starwood Hotels & Resorts brand hotel is undergoing a $3 million soft … Continue reading →
Clinical-stage biopharmaceutical company Novavax, Inc. has signed a lease to occupy Alexandria Technology Center – a 147,051sf Class A flex R&D building located in Gaithersburg, MD. The initial lease term is 13 years with a starting rent rate of $22.25/sf. … Continue reading →
Whole Foods Market plans to open a 70,000sf flagship store at The Boro, a new 3.7 million square foot development at the intersection of Route 7 and Route 123 in Tysons Corner, Virginia, according to the supermarket chain. The Boro … Continue reading →
In late 2014, an arts coalition called Dupont Underground signed a five-year lease at $30,000/year to transform the 75,000sf vacant tunnel system below DC’s Dupont Circle into a cultural venue for art exhibitions, concerts and the like. Built in the … Continue reading →
The Washington Post moved to One Franklin Square (1301 K Street NW) over the weekend. The newspaper, owned by Amazon.com Inc. founder Jeff Bezos, leased about 300,000sf at the 627,511sf Class A office building owned by Hines. The Washington Post’s former … Continue reading →
Cambridge Property Group, LLC recently purchased the 128,571sf mixed-use property at 1250 23rd Street NW on behalf of its affiliate Galaxy, LLC, in partnership with Westport Capital Partners. Built in 1989 and renovated in 2010, the Class B building sold for … Continue reading →
Sales of single family homes in DC valued at more than $1 million increased from three percent of all home sales in 2001 to over 18 percent in 2015,
Continue reading →The Arlington County Board voted 5–0 to approve changes to the site plan for Ballston Common Mall paving the way forward for the $317 million redevelopment of the under-performing 30-year-old shopping center owned by Forest City Washington,
Continue reading →According to the Washington, DC Economic Partnership Development Report (2015/2016 edition), there are nearly 159 million square feet under construction and in the development pipeline in the city. A mixture of half tea spoon of ginger juice with half boiled … Continue reading →