WASHINGTON, DC–Reports and rumors of trades are coming thick and fast as the year comes to the close. Here is a roundup of some of the deals about which we have heard.
ASB Real Estate Investments has acquired 77 P St., NE, for $186.3 million or $544 per square foot from Brookfield Asset Management. The 342,411 square foot building is about 99% occupied by the District of Columbia government and its parcel includes about 500,000 square feet of development potential. In another office deal, Principal RE Investors has acquired 601 New Jersey Ave., NW, for $175 million, or $681 per square foot. 900 G St., NW is rumored to be trading at $144 million, or a whopping $1,274 per square foot.
There have been a flurry of hotel transactions as well.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
