Washington
TCC Secures Construction Finance for Sentinel Square II
WASHINGTON, DC-The company closed on $181 million in financing, which was provided by Landesbank Hessen-Thüringen Girozentrale and Norddeutsche Landesbank Girozentrale.
Chevy Chase Pavilion to Get $32M Renovation
WASHINGTON, DC-Clarion Partners LLC is planning to spend $32 million to renovate Chevy Chase Pavilion, an upscale shopping mall in Northwest DC.
First Potomac Posts Strong Q4 FFO
WASHINGTON, DC-The REIT exceeded its goal of one million square feet of new leasing for the year, according to CEO Douglas J. Donatelli.
A Fifth Avenue Experience at 555 12th Street?
WASHINGTON, DC-Now that ESPN Zone has vacated the building, CBRE is envisioning a number of retail scenarios including dividing the space among four high-end retailers that would create a new type of experience for shoppers in DC, Michael Zacharia tells GlobeSt.coms Erika Morphy.
Study: Lease Accounting Standards Will Cost, Big-Time
WASHINGTON, DC-The report estimates that proposed standards for lease accounting will result in an increase in liabilities of $1.5 trillion; increased costs of $10.2 billion annually; job losses of over 190,000; and a lowered GDP of $27.5 billion annually.
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Equinix Plans to Invest $109M into Data Center Operations
WASHINGTON, DC-Redwood City, California-based Equinix Inc. is planning to spend $109 million to expand its data centers in the Washington area.
Developers Receive Approval for St. Matthews Redevelopment
WASHINGTON, DC-CSG Urban Partners and Trammell Crow Cos. have obtained approval for the redevelopment of the St. Matthews property situated on the Southwest waterfront of DC.
Fannie Mae Prices $977M Multifamily DUS REMIC
WASHINGTON, DC-Led by Wells Fargo, this was the largest GeMS deal to date, Kimberly Johnson tells GlobeSt.coms Erika Morphyplus it attracted a number of new investors to the program.
Equinix Plans to Invest $109M into Data Center Operations
WASHINGTON, DC-Redwood City, California-based Equinix Inc. is planning to spend $109 million to expand its data centers in the Washington area.
Developers Receive Approval for St. Matthews Redevelopment
WASHINGTON, DC-CSG Urban Partners and Trammell Crow Cos. have obtained approval for the redevelopment of the St. Matthews property situated on the Southwest waterfront of DC.
Agency Finance Is the Driver of the Multifamily Bus
WASHINGTON, DC-The GSEs are originating the majority of multifamily loans right now. Agency and lender representatives tell the audience what they plan to do next.
Homewood Suites to Replace Quality Inn on New York Ave. NE
WASHINGTON, DC-Washington City Paper has reported that the Quality Inn located at 501 New York Ave. NE in the District will soon be replaced with an eight-story hotel.
8-Person Grubb Team Joins Avison Young
WASHINGTON, DC-The group, headed by Bruce McNair and Bill Morris, will focus on the company's corporate services and project management business in the local region.
Experts Divided on Future of Market Strength
WASHINGTON,DC-Panelists in the morning sessions at RealShare Apartments East conference painted a strong picture of multifamily on the East Coast. Still, though, hints of bearish sentiments could be heard as well.
USGBC Preps for 2012 LEED Update
WASHINGTON, DC-The third public comment period will open March 1, marking the start of the delivery process.
In Climate of Uncertainty, Investors Say DC Is the Place To Be
WASHINGTON, DCWASHINGTON, DCThe nation's capital is still the place to be for investment stability. That was the theme of the Investor Roundtable that was part of the annual Transwestern/Delta Trendlines event last Thursday. Real Estate Forum's Sule Aygoren Carranza moderated.
Obama Submits Budget. Congress Shrugs. CRE Community Waits.
WASHINGTON, DC-The budget does provide some clues for the commercial real estate community, Jones Lang LaSalles Joe Brennan tells GlobeSt.coms Erika Morphy.
Poll: Readers Rip Obama Speech, Record
WASHINGTON, DC-Our poll shows only a third appreciated his latest State of the Union speech, and many think hes not doing enough for the economy or business expansion.
RealShare Apartments East Tracks Fast-Moving Trends
WASHINGTON, DC-The multifamily sector is very active now, Conference Producer Kim Last tells GlobeSt.coms Erika Morphy. Conference panelist, adds, will identify the top issues to watch in this sector.
