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Washington REIT Agrees to $135 Million Deal for Watergate Office Bldg.
Washington REIT (NYSE: WRE) will be the next owner of Watergate 600 after signing a contract to acquire the West End office building for roughly $135 million, or about $437 per square foot, in a deal scheduled to close in April. Located along the Potomac...

Madison Marquette Hires Former DTZ COO/CFO as President
Madison Marquette has brought in former DTZ COO and CFO John J. Fleury to serve as president of the private real estate investment, development and management firm. Based in the company's Washington, D.C. headquarters, Fleury will work with Madison...

Blue Ocean Realty Pays $49.6 Million for Greenbelt Apt. Complex
Baltimore, MD-based Blue Ocean Realty added a value-add apartment complex to its multifamily portfolio with the acquisition of The Hanover Apts. in Greenbelt, MD from Harbor Group International. The 320-unit apartment community is located along I-495...

Meridian Signs Hospitalty Tech Company Knowland to HQ Deal at International Place in Rosslyn
The Meridian Group, a Bethesda, MD-based real estate investment and development firm, disclosed that hospitality tech standout Knowland leased 11,687 square feet at International Place, the company's 12-story, 293,539-square-foot office building located...

CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

Boston Properties Taps Cushman & Wakefield to Sell ITC Bldg. in SW D.C.
Fresh off their success in arranging the sale of Piedmont Realty’s Two Independence Square for $593 per square foot, the Cushman & Wakefield team of Bill Collins, Paul Collins, Drew Flood, Eric Berkman and Shaun Weinberg have been hired by Boston Properties...

Goddard Investment Group Enters D.C. with $93 Million Acquisition of Vacant D St. Office Bldg.
Goddard Investment Group, an Atlanta-based property investment firm, has paid nearly $273 per square foot for a vacant office building in Southwest Washington, D.C. in a deal that marks the firm's first investment in the nation's capital. AFL-CIO Building...

Next Realty Mid-Atlantic Promotes Rose
Next Realty Mid-Atlantic has promoted former senior director Andrew Rose to principal. Rose joined Next Realty as an associate in 2007 before earning a promotion to senior director in 2012. In addition to being named a principal, Rose has also become...

Former hhregg Distribution Facility Goes to Market
In line with the company's plan to close 88 stories and three distribution centers in an effort to return to profitability, Indianapolis-based electronics and appliance retailer hhgregg (MYSE: HGG) has placed its distribution and delivery center at 14301...

MacPhail Joins Savills Studley as Director, Workplace and Occupancy Strategy
Savills Studley has hired Dave MacPhail as director, workplace and occupancy strategy in the firm's Washington, D.C. office. MacPhail has more than 18 years of real estate experience. Most recently, he led real estate portfolio strategy development...

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