Regions Midatlantic | Washington, DC
Opus East Breaks Ground on $200M D.C. Office Development
May 2, 2008
Opus East has broken ground on one of its office developments in Washington, D.C. The 400,000-square-foot, 10-story 1015 Half Street will have three levels of underground parking and has the potential for first-floor retail space. The $200 million project has been designed to receive at a minimum Silver LEED certification and is expected to deliver in April 2010. Opus East has chosen Cassidy & Pinkard Colliers as the broker for the building.
Recent Washington,DC Headlines
Duke Realty to Build $1B Office Campus for Defense Dept. in Suburban D.C.
Oct. 01, 2008
The U.S. Department of the Army, acting under the direction of the U.S. Department of Defense, has decided to make a new home at the 350-acre Mark Center in Alexandria, Va., and Duke Realty Corp. is going to provide the land and the development services for the 1.7 million-square-foot office compound. Construction of the approximately $1 billion project will allow for the unification of a group of 6,400 predominantly Army personnel from various leased office buildings in Northern Virginia at a single location.
$212M Bridge Financing in Place for D.C. Office
Oct. 01, 2008
Despite being slowed down by the economy's downward spiral and the debilitating credit crunch, Washington, D.C.'s office market has remained relatively strong. Still, securing a substantial financing deal in the midst of the Wall Street crisis may seem like a bit of a pipedream. A newly announced transaction, however, has disproved that notion.
Berkshire Income to Sell Suburban D.C. Apartments in $53M Deal
Sept. 19, 2008
Taking another step in its mission of creating value through property management and repositioning, Berkshire Income Realty Inc. has entered into an agreement to sell Westchester West Apartments in Silver Spring, Md., in a transaction valued at approximately $53.4 million.
Carmel Fund Shells Out $66M in Cash for Suburban D.C. M-F
Sept. 16, 2008
Carmel Partners Inc., acting through its Carmel Partners Investment Fund III L.P., has added a 230-unit multi-family property in Fairfax, Va., to its portfolio by taking Avera Station off the hands of Atlanta-based Beazer Homes in a $65.8 million transaction.