Thursday, October 25, 2012

Industry Notes - Washington Business Journal:

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The building is schedulesd for completion in the first quarterof 2010. Several related surgical organizations have made commitments to leas space inthe 10-story building, but most of the 130,00o0 square feet remains available on floorsz two to nine. 'ws John Doub and Andy O'Brien are leasin the space. A nine-building office and flex campus in Lanham soldto Rockville-basedc for $68 million. Rockville-based Cohen Cos.
trades the 565,991-square-foot property, Washingtoj Business Park, to the property management companufor $120 per square Built in the late 1970s and 1980s, Beco's newly acquired assets include two three-stor y office buildings and seven one-story flex buildings on 47.6 acres betweenm Route 50 and Martin Luther King Jim Darby, Rob Foa, Gerry Trainort and Dan Speilman of Transwestern represented the seller. D.C. seeks Hill East developer More than 60 acres along the AnacostiqaRiver -- the site of the formet D.C. General Hospital -- are set to becomse a new mixed-use neighborhood known as Hill D.C.
issued a solicitation May 14 for developers interestedd in creating what they believe will be a model for waterfront developmenty that minimizes runoffand -- possiblyu -- creates off-the-grid sources of energy. The projecf offers 5 million square feet of grossbuilding area, allowinv for up to 3,000 new units of housing, 2 milliohn square feet of office space and 100,0009 square feet of retail. Knownj previously as Reservation 13, the area is soutgh of RFK Stadium andthe D.C. Responses are due Aug. 1. The Long & Fosterf Cos.
completed its 287,000-square-foot, five-story Class A headquarters on Route 28 in The building, designed in the classicv Williamsburg style, is on 39 acres purchased by Long Foster in January 2005. The entirw corporate campus, expected to include additional offic e spaceand hotels, is zoned for more than 1.6 million square feet. About 300 employees will occupyh the topthree floors. The first two floors will be leaseds toother users. Local real estatre investor Ralph Dweck selected CB RichardEllis Inc. to handle leasing for 300 New Jersey Ave. NW. The 255,000-square-foot building topped out May 9 and is expected to delivedr in the second quarterof 2009.
Dweck wantds CBRE to lease about 100,000 square feet on floor s seventhrough 10. Jones Day, whicnh leases space at the adjacent 51Louisianz Ave. NW, pre-leased most of the Dweck bought both fromfor $376.4 millio n this spring.

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