WASHINGTON, DC-The 133,000-sf office property at 2121 K St. NW sells for $67.5 million just one year after having changed ownership in a $49.8-million deal. The new owner plans a $30-million expansion.
MCLEAN, VA-Common shareholders at Capital Automotive REIT sign off on plans for a merger valued at $3.4 billion. The deal will make Capital Automotive a wholly owned subsidiary of Flag Fund V LLC, one of the three other companies involved in the merger.
MCLEAN, VA-Common shareholders at Capital Automotive REIT sign off on plans for a merger valued at $3.4 billion. The deal will make Capital Automotive a wholly-owned subsidiary of Flag Fund V LLC, one of the three other companies involved in the merger.
WASHINGTON, DC-A report by the National Low Income Housing Coalition reveals that individuals in the US must now earn an average of at least $15.78 an hour--a sum far higher than the federal minimum wage--in order to fully finance rent and utilities for a market-rate apartment.
HERNDON, VA-WRIT snaps up a parcel just over five acres for $24.7 million for the development of a 540,000-sf office and ancillary retail project. The first phase of the endeavor will yield a 179,000-sf building.
BALTIMORE-The renovation of a 190-unit apartment property is ultimately financed through an $11.5-million refinancing deal. The newly closed transaction allows the borrower to refinance an existing bridge loan and return investor equity.
WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.
WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.
WASHINGTON, DC-The office facility at 1801 K St. NW in the city's central business district sells for $250 million. The new owner of the 562,300-sf building plans to submit the three-decade-old property to a comprehensive renovation that will cost an estimated $50 million.
MCLEAN, VA-The first RealShare Northern Virginia conference, taking place tomorrow at the Ritz-Carlton Tysons Corner, will bring together the big players in the local commercial real estate industry. They will nalyze the region's enviable status as one of the country's leading markets and evaluate the potential for the good times to continue.
