Billionaire Property Mogul Ben Ashkenazy Raises $750M For Comeback
Ashkenazy Acquisition Corp. has raised $750M to go after new acquisitions after losing several of his most iconic properties to lenders.
Planners Push For Smithsonian Takeover Of Federal Buildings On Chopping Block
The federal government this year has fast-tracked plans to shrink its real estate footprint, giving a handful of huge, underutilized office buildings just south of the National Mall a chance for a second life. The Trump administration in recent weeks...
Portals Office Owners Secure $180M Loan For Residential Conversion
The Portals complex in Southwest D.C. will soon have two apartment buildings under construction. Henderson Park and Lowe obtained a $180M construction loan from Deutsche Bank to convert the Portals I office building at 1250 Maryland Ave. SW to 428 apartments over...
Asana Partners Looking To Sell 21-Building Old Town Alexandria Portfolio
A mixed-use portfolio in Old Town Alexandria that Asana Partners assembled between 2016 and 2018 and invested $20M to renovate has hit the market.
Amazon Planning 1,370-Acre Virginia Data Center Campus
Amazon Web Services has proposed a campus with more than 7.2M SF of data center space in the small, rural community of Louisa County, Virginia.
Carr Properties Offloads Downtown D.C. Office Building For $84M
Carr Properties has shed another D.C. office building amid its portfolio reshuffling. The major local landlord has sold 901 K St. NW to Shorenstein for $84.3M, according to documents filed with the D.C. Recorder of Deeds on Monday.
This Week's D.C. Deal Sheet: Monday Lands Childcare Tenant In Ballston Office Tower
A childcare center is coming to the ground floor of a Monday Properties office building in Ballston.
Investors Say D.C. Office Values Have Hit Bottom. When They Go Up Again Is Anyone's Guess
Many office buildings in D.C. are now worth no more than the land they sit on. The values of older commercial buildings in D.C. have been falling over the last few years as the pandemic-induced remote work shift led many companies to downsize their...
TMG Expands The Boro With Vacant Trophy Office Buy As It Eyes Phase 2
More than five years have passed since The Boro's first phase opened, creating a new hub in Tysons with high-rise office and apartment buildings above ground-floor retail, restaurants, a movie theater and a Whole Foods. But The Meridian Group has...