2-Acre Office Park Sells for $15M in Ashburn, Va.

A Chicago-based commercial real estate firm and a Los Angeles-based investment management firm have partnered to purchase a 75,191-square-foot medical office park in Ashburn, Va., about 30 miles outside of Washington, D.C., according to the seller’s brokerage firm. MBRE Healthcare and Kayne Anderson Venture purchased the 2-acre Ashburn Farm Professional Plaza from Harrison Street Real… Read More 2-Acre Office Park Sells for $15M in Ashburn, Va.

Capital One Lends $180M Fannie Mae Loan to Refinance San Fran Multifamily Property

Capital One has provided $178.3 million to a partnership between Anton DevCo and St. Anton Capital to refinance Anton Menlo, a multifamily property located in Menlo Park, Calif., the bank announced today. The 10-year, fixed-rate, interest-only loan refinances $96 million in previous construction debt provided by U.S. Bank in August 2014, as per an announcement… Read More Capital One Lends $180M Fannie Mae Loan to Refinance San Fran Multifamily Property

Aspen St. Regis Owner Ditches REIT Plan, Says the Hotel Will Be Sold on Blockchain

Elevated Returns, the New York City-based asset manager that owns the St. Regis Hotel in Aspen, Colo., saw its plans to use the property to create what it called the country’s first single-asset REIT fizzle in February, days before a planned IPO. Now, it’s calling an audible—but its ambitions to make a big splash, if… Read More Aspen St. Regis Owner Ditches REIT Plan, Says the Hotel Will Be Sold on Blockchain

Energy Company Signs Lease at Bethesda, Md. Development

An alternative energy company is planning to expand its footprint less than a mile from its current office in Bethesda, Md., the Washington Business Journal reports. Enviva Partners signed a 80,000-square-foot lease at 7272 Wisconsin Avenue, sources told WBJ. The firm is currently located at 7200 Wisconsin Avenue, where it takes up 60,000 square feet… Read More Energy Company Signs Lease at Bethesda, Md. Development

Interior Designer Kia Weatherspoon Strives for ‘Design Equity’ in DC

Kia Weatherspoon’s journey to becoming an interior designer began with a bedsheet, a few weeks after September 11, 2001. The U.S. Air Force veteran was deployed to a military base in the Middle East with about a dozen other women. “It was my first time out of the county ever—I was scared and really just… Read More Interior Designer Kia Weatherspoon Strives for ‘Design Equity’ in DC

Hurricane Lane Heads for Hawaii, 77 Properties Backing $7B in CMBS Loans in Its Path

As Hurricane Lane barrels towards Hawaii, analysts at Kroll Bond Rating Agency have issued an alert for 71 CMBS loans —roughly $7 billion in UPB—backed by 77 properties that could be in the storm’s path. Currently hundreds of miles southeast of Hawaii, Hurricane Lane is expected to curl toward the archipelago beginning on Thursday through Saturday,… Read More Hurricane Lane Heads for Hawaii, 77 Properties Backing $7B in CMBS Loans in Its Path

Developer Plans to Open Food Hall in DC Food Desert

Neighborhood Development Company (NDC) is bringing a food and retail market to 3451 Benning Road NE in Washington, D.C.’s River Terrace neighborhood, according to the developer. Called Benning Market, the building will feature approximately 11,200 square feet of commercial space. Located east of the Anacostia River, the area is widely considered a food desert, which… Read More Developer Plans to Open Food Hall in DC Food Desert

Boston-Based Investor Purchases Office Building in D.C.’s Golden Triangle

Marcus Partners purchased a boutique office building at 1225 19th Street NW in the Golden Triangle area of D.C. from global real estate investment manager Invesco Real Estate, according to the seller’s brokerage firm. The Boston-based real estate investment and development firm bought the 73,168-square-foot Jefferson Building for $26.4 million, Bisnow first reported. The eight-story… Read More Boston-Based Investor Purchases Office Building in D.C.’s Golden Triangle