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Washington D.C. Real Estate Briefs:
Dorsey & Whitney Take Space in CBD Office
(May 18, 2009) - Dorsey & Whitney is relocating its Washington, D.C. practice from 1050 Connecticut Ave. to 1801 K St., a CBD office building that is nearly 600,000 square feet, GlobeSt.com reports.
CresaPartners Eyes Green Market
(May 18, 2009) - CresaPartners is increasing the number of AP accredited professionals on its local staff, GlobeSt.com reports. The Washington-area office had four employees--Chris Finley, Chilton Griffin, Lauren Hodgin, Aaron Berkey--receive the special designation from the USGBC.
Whiting-Turner Lands $133M District Contract
(May 18, 2009) - Whiting-Turner has been awarded a $133-million contract to build the District’s Consolidated Forensic Laboratory, a 287,000-square-foot, six-story structure that will ultimately cost the District $220 million including specialized equipment, GlobeSt.com reports.
Gaithersburg Office Trades for $9M
(May 18, 2009) - An LLC has acquired a 50,000-square-foot office building in Gaithersburg, Md., for $9 million, GlobeSt.com reports. The purchaser, Broad Street Ventures LLC, founded by Michael Jacoby, simultaneously signed a 10-year lease with MedImmune to occupy the entire facility.
Walt Disney to Build Hotel Resort in Pr. George’s
(May 18, 2009) - Walt Disney Co. plans to build a 500-room hotel on 15 acres at National Harbor in Prince George's County, the Washington Business Journal reports. Disney is reportedly paying $11 million for the land.
Hilton Hotels Relocates to Tysons Corner
(March 17, 2009) - Hilton Hotels Corp. will relocate its corporate headquarters to Park Place II in Tysons Corner, the company announced last week.
FCP Purchases $28M Loan
(March 17, 2009) - According to a report from globest.com, Federal Capital Partners has purchased a $28 million senior secured mortgage loan on an existing residential project in Arlington, Va.
District Firms Create Distressed Asset Recovery Team
(March 17, 2009) - Four Washington area firms are partnering to form a distressed asset consultancy called Distressed Asset Recovery Team, the {Washington Business Journal} reported. The four companies are Beers and Cutler, Delta Associates, Fore Consulting and BlackwellAdvisors.
NOVA Home Sales Surge in February
(March 17, 2009) - The number of homes sold in Northern Virginia rose 10 percent in February, as buyers continued to take advantage of falling prices, a {Washington Business Journal} report said.
Laurel Multifamily a Harbinger
(March 17, 2009) - A high-rise multifamily property in Laurel, Md., is under contract to close within the six weeks, a globest.com report said. Valued in the $24 million range, it is being acquired by a private sector buyer, Drew White, executive director of Cushman & Wakefield’s Capital Markets Group.

 


 
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