WASHINGTON, DC-The 161-unit apartment complex known as the Metropolitan, comes under new ownership in a transaction valued at nearly $7.3 million. Tenants of the 68-year-old property are the new owners, having taken advantage of their "first right of refusal" option.
WASHINGTON, DC-The 12-story office tower at 1660 L St. NW trades in a $52.3-million transaction. A Korean industrial consortium is taking the 125,800-sf building acquires the site from a Cafritz Development Interests-controlled partnership.
WASHINGTON, DC-Behringer Harvard REIT I Inc. acquires the 306,600-sf office building at 1325 G St. for $135 million. The class A property, which is presently 97% occupied, last traded in the summer of 2004 in a $109.8-million transaction.
WASHINGTON, DC-Behringer Harvard REIT I Inc. acquires the 306,600-sf office building at 1325 G St. for $135 million. The class A property, which is presently 97% occupied, last traded in the summer of 2004 in a $109.8-million transaction.
WASHINGTON, DC-The US Senate agrees on legislation to extend the Terrorism Risk Insurance Act of 2002, which is scheduled to expire at the end of the year. The bill, which includes alterations to the original legislation, calls TRIA's expiration date to be pushed back to Dec. 31, 2007.
VIENNA, VA-Tysons International Plaza comes under new ownership with CarrAmerica Realty Corp.'s acquisition of the property from Teachers Insurance & Annuity in a $123.1-million transaction. The two-building office property is in the Tysons Corner submarket and accounts for an aggregate 434,600 sf.
VIENNA, VA-Tysons International Plaza comes under new ownership with CarrAmerica Realty Corp.'s acquisition of the property from Teachers Insurance & Annuity in a $123.1-million transaction. The two-building office property is in the Tysons Corner submarket and accounts for an aggregate 434,600 sf.
ROCKVILLE, MD-Blue Capital takes a majority interest in a six-building office portfolio here and in Chevy Chase, MD from JBG Cos. JBG will continue to oversee leasing and management activities at the 100% occupied properties, which account for a total of 758,000-sf of space.
NORTH BETHESDA, MD-Three months after coming under contract, the Pavilion Apartments sells in a $117-million deal. The new owner plans to spend about $34 million to convert the 432-unit rental property into a condominium development.
NORTH BETHESDA, MD-Three months after coming under contract, the Pavilion Apartments sells in a $117-million deal. The new owner plans to spend about $34 million to convert the 432-unit rental property into a condominium development.