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WASHINGTON, DC-Jones Day makes the commitment to the 225,000-sf building at 300 New Jersey Ave., which delivers in 2009.
ALEXANDRIA, VA-Thanks to a pre-existing relationship with the seller, Hersha gets a 203-key hotel at below market and replacement cost.
WASHINGTON, DC-Donatelli & Klein get $57.3 million in a first-mortgage loan split into a senior and subordinate piece.
WASHINGTON, DC-Local market watchers say the per-key price of nearly $275,000 is very strong for the select-service category.
WASHINGTON, DC-Columbia Equity maintains a 40% ownership interest in the $23-million trade.
CHEVY CHASE, MD-Laurence Siegel may join the new joint venture if and when the Meadowlands Xanadu transaction is resolved.
WASHINGTON, DC-Real Estate Roundtable's proposal is to create a layer of private capital between primary insurers and the federal government.
WASHINGTON, DC-TIAA-CREF turns over the deed to the 184,825-sf, class B office property. Word on the street is it's a $90.8-million trade.