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07/19/2018
Alfred Weissman Real Estate Snags the Hilton Washington North Gaithersburg
Alfred Weissman Real Estate is making a value-add play in suburban Washington, D.C., after the real estate owner and developer out of Harrison, NY, bought the Hilton Washington North Gaithersburg in Gaithersburg, MD. The hotel delivered in 1981 on...

07/19/2018
Matan Sells Brand New Shell Building in Dulles North Industrial Park to CyrusOne
Matan Companies has sold its recently completed industrial building at the Dulles North Industrial Park in Sterling, VA, to Dallas-based data center management and colocation REIT, CyrusOne. The property traded for slightly more than $26.2 million, or...

07/19/2018
1,000 More Apartments Coming to D.C.'s Hip Capitol Riverfront
Pictured: Ore 82, a 227-unit community Greystar recently delivered next to the 7.3-acre CSX site on New Jersey Ave. in southeast D.C.Apartment giant Greystar could break ground on a 1,000-apartment complex in Washington’s trendy Capitol Riverfront neighborhood...

07/18/2018
Southwest Could Be New Hot Quadrant in D.C.
While it might be bold to say Southwest D.C. is the new "hot quadrant," it’s not without merit. The long-ignored area historically was known for the oldest continuously operating, open-air fish market in the U.S. and a slew of federal office buildings...

07/16/2018
Mexico City Investor Expands D.C.-Area Portfolio, Buys The Residences at City Center in Manassas Park for $51.5 Million
Hasta Capital re-entered the Washington, D.C.-area multifamily market, this time to acquire The Residences at City Center in Manassas Park, VA, from True North Management Group. Hasta, a multifamily investment firm out of Mexico City, paid $51.5 million...

07/13/2018
Savills Studley Expands Capital Markets Group
Matt Brody has joined the Washington, D.C. office of global real estate services firm Savills Studley, where he will focus on debt and equity solutions. Brody will collaborate with fellow senior managing director Lindsay Stroud to identify debt and...

07/11/2018
Continental Realty Sells Sterling Apartment Community for $48.4 Million
Continental Realty Corp. (CRC) has sold the 236-unit Chase Heritage community in Sterling, VA, to Chandler Residential for $48.4 million, or approximately $205,000 per unit. The Baltimore-based commercial real estate investment and management company...

07/11/2018
The City of Crystals is Poised to Shine Once Again
WeWork’s office building at 2221 S. Clark St. in Arlington, VA Developer Robert Smith envisioned a crystal city in the heart of the D.C. metro. Well, maybe not crystal, but decades ago, Smith committed time and capital to a desolate area of Northern...

07/11/2018
Joint Venture Completes $152M Acquisition of Arlington's Sequoia Plaza I, II and III
A joint venture led by PRP has completed its acquisition of Sequoia Plaza I, II & III in Arlington, VA, paying $152 million, or nearly $413 per square foot, for the three-building portfolio. PRP, a Washington, D.C.-based real estate investment management...

07/11/2018
FP1 Strategies to Leave D.C. for Nearby Arlington
FP1 Strategies, LLC is leaving Washington, D.C., for Northern Virginia after the political consulting and media relations company agreed to a 29,849-square-foot lease at 3001 Washington Blvd. in Arlington, VA. FP1 will relocate from 1826 Jefferson...

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