Regions Midatlantic | Washington, DC
Washington D.C. Clinic Property Sold
July 18, 2008

The building at 1407 S Street NW in Washington, D.C., home to the Whitman-Walker Clinic, has been sold. The JBG Cos. purchased the approximately 90,000-square-foot property from the healthcare center, which will continue to call the building home until the end of this year. Chevy Chasse, Md.-based JBG plans to play a part in the revitalization of the neighborhood by developing a much-needed residential and retail building on the site. For Whitman-Walker's part, the deal leaves the clinic with funds to pay down existing debts, create working capital reserves, and finance client services improvements.

 
Recent Washington,DC Headlines
1401 K St. Guardian Nabs DC Office for $54M
The Tower Building, a 124,700-square-foot office property with a full tenant roster along Washington, D.C.'s famed lobbyist-laden K Street Corridor, has traded in a deal valued at $53.8 million.
Neal Joins GVA Advantis as Chairman
GVA Advantis said today that Jeffrey Neal has joined the company as chairman. Most recently, he was the co-founder and principal of the Washington-based real estate development company Monument Realty.
Northern Virginia County Gets First LEED Gold Spec Office
Construction has wrapped up for the first of two Class A office buildings that will comprise the 230,000-square-foot Atlantic Corporate Park in Sterling, Va., located about 25 miles from Washington, D.C., in Loudoun County.
Two Former Staubach Execs Join CB Richard Ellis
CB Richard Ellis Group Inc. has hired two real estate industry veterans, Michael McShea and Peter Larkin, formerly of The Staubach Co. Both focus on the public sector and have joined the company’s government and public sector solutions group, based in Washington, D.C. The Staubach Co. was recently acquired by Jones Lang LaSalle.
The Yards New Pavilion Heralds $1.7B Mixed-Use Project in D.C.
Construction of The Yards, a 5.5 million-square-foot redevelopment endeavor in southeast Washington, D.C., by Forest City Washington, is in the works, and the company has just opened The Yards Pavilion (pictured) to give a peak at what is to come when the first phase of the project delivers late next year. An outdoor marketing gallery, The Yards Pavilion features exhibit panels and kiosks detailing the multi-faceted $1.7 billion project, the first structure of which will debut late next year as the 170-unit Foundry Lofts apartment building.