WASHINGTON, DC-With construction complete, the Chicago-based National Association of Realtors takes over ownership of the $46 million building that will be home to its Washington, DC operations.
MANASSAS, VA-A garden-style apartment compound gets a new owner as SSR Realty Advisors forks over $35.2 million in exchange for Wellington at Olde Town, a multi-structure multifamily property. Wellington occupies a 26-acre parcel off Rte 234, about 45 minutes outside of Washington, DC.
DULLES, VA-Hotel properties continue to pop up in the hometown of Washington-Dulles International Airport as work tops off on the Embassy Suites Hotel Dulles North. The property is connected to another hotel, a Homewood Suites by Hilton, which is also under construction.
WASHINGTON, DC-Ownership of the 142,000-sf corner office building at 1100 17th St. changes, courtesy of a recent $37.5-million purchase by Glenborough Realty Trust. Seller Northridge Capital, after acquiring the four-decade-old building in 2002, walks away with $264 per sf.
BETHESDA, MD-There is now room for expansion for the Federation of American Societies for Experimental Biology, as Hubert Construction LLC wraps up construction of the organization's new 55,000-sf addition. The new structure is attached to an existing facility.
STERLING, VA-A deal for $15 million in permanent financing is put in place for one of the office buildings that comprise the three-structure Lakeside @ Loudoun Tech office compound. The 105,000-sf Lakeside III property is assessed at a value of $14.5 million.
WASHINGTON, DC-A new mixed-use hotel and multifamily property moves forward with the developer's selection of a general contractor to spearhead the $112-million project. Tompkins Builders Inc. will head up construction of what will be the Capitol Hill Towers and Marriott Courtyard Washington, DC residential and hotel property.
WASHINGTON, DC-International law firm Seyfarth Shaw LLP bolsters its presence in local real estate by tapping industry veteran Robert L. Bodansky to serve as a partner in the firm's Real Estate and Corporate Practice Groups segment.
WASHINGTON, DC-Thelen Reid & Priest LLP makes a long-term commitment to the Portrait Building, a 140,000-sf office structure currently under development on a corner lot in the District's East End submarket.
ABERDEEN, MD-Plans for Enterprise Business Park move forward as developers prepare to begin construction on the first phase of what will be a 1.6-million-sf industrial compound. Opus East LLC will spend $70 million to complete the entire 92-acre endeavor.
