WASHINGTON, DC-Two years after signing a letter of intent to prelease approximately 155,000 sf at 1601 K St. NW, a multimillion JBG Cos. development that got under way last year, law firm Kirkpatrick & Lockhart Nicholson Graham decides to expand its take in the 215,000-sf site by 25,500.
ARLINGTON, VA-The closing of a $54-million financing deal paves the way for a condominium conversion project. Corus Bank's loan to Athena Amazing Arlington LLC will allow the borrower to purchase the 190-unit Metropolitan at Arlington multifamily complex and finance the conversion to a condominium property.
WASHINGTON, DC-A labyrinth of a deal concerning Marriott International Inc. and three other entities concludes. The chief component of the deal calls for Marriott's acquisition of 32 hotels and two joint venture interests for approximately $1.5 billion.
WASHINGTON, DC-The US General Accountability Office issues a report, noting that the country's national monuments and icons are in need of better protection against terrorism, as are federal office buildings.
WASHINGTON, DC-With construction set to begin soon, a 190,000-sf office building will soon come up at 20 M St. SE, on the corner of M and Half streets. Situated adjacent to the Washington Navy Yard, the building will also be just blocks from the Washington Nationals baseball stadium that is planned for the area.
BETHESDA, MD-DiamondRock Hospitality Co. in now possession of four hotels in Los Angeles, Fort Worth, Alpharetta, GA and the US Virgin Islands. The $315-million deal also puts $10 million in cash in reserves for capital improvements to the properties.
PRINCE WILLIAM COUNTY, VA-Construction gets under way on Buchanan Partners' three-building project at Innovation@Prince William. The 125,000-sf property, known as Innovation Business Center, will be the first offering of spec flex/office space at the 1,600-acre business park, and will cost the developer about $16.3 million to complete.
ALEXANDRIA, VA-A $93.1-million transaction sparks the change in ownership of the Hilton Alexandria Mark Center. Taking the property off the hands of Hilton Hotels Corp., the new owner, a joint venture involving Amstar Group LLC and Davidson Hotel Co., will also submit the hotel to a $9.5-million renovation.
ALEXANDRIA, VA-A $63-million transaction sparks the change in ownership of the Hilton Alexandria Mark Center. Taking the property off the hands of Hilton Hotels Corp., the new owner, a joint venture involving Amstar Group LLC and Davidson Hotel Co., will also submit the hotel to a $9.5-million renovation.
PRINCE WILLIAM COUNTY, VA-Shelling out $63 million, the US General Services Administration snaps up a 116-acre secure parcel with a 336,000-sf building at the 1,600-acre Innovation@Prince William business park.