CHEVY CHASE, MD—The combined portfolio includes over 9.7 million square feet of office assets, one million square feet of retail assets and 4,500 residential units.
WASHINGTON, DC—Property records indicate that the developer also recapitalized 1500 Wilson Blvd. in Rosslyn for $92.5 million, selling a 95% stake to Dune Capital Management in New York City.
GAITHERSBURG, MD—Last week it was announced that a tenant took all the space at Executive Plaza in North Bethesda. In this latest deal, Novavax is occupying 1201 Clopper Rd.
WASHINGTON, DC—The “Preserving Access to CRE Capital Act” passed in the house could mitigate some of the harsher aspects of the credit risk retention requirement going into effect this year. It can't happen soon enough as the CMBS market is already showing signs of folding.