Category Archives: Washington DC

Assets in Northern VA, Austin, TX to be Sold as Part of $1.2B Parkway Merger with TPGI

Three assets in Northern Virginia currently owned by Thomas Properties Group are set to be sold or liquidated shortly before or shortly after the company closes its $1.2 billion merger…

$44.3M Fair Oaks Plaza Loan Delinquent for First Time

The $44.3 million loan on Fair Oaks Plaza, a 179,688 square foot office building at 11350 Random Hills Road in Fairfax, VA, has become 30 days delinquent for the first…

Fitch: Bethesda Gateway Loan Near “Imminent Default”

The $41.575 million loan on the Bethesda Gateway office building at 7201 Wisconsin Avenue in Bethesda, MD has been transferred to a special servicer due to imminent default, according to…

COPT Office Portfolio Loan Value Slashed, Colorado Springs Portfolio Sale Delayed

The value of the properties behind the $146.5 million COPT Office Portfolio loan, which includes 14 assets in Colorado and Maryland, was cut this month to $104.4 million, according to…

Piedmont Plans Redevelopment at 3100 Clarendon, Sees Activity at 4250 Fairfax in Ballston

With the Defense Intelligence Agency (DIA) set to vacate 221,000 square feet at the 3100 Clarendon building in the Rosslyn-Ballston Corridor, executives at Piedmont Office Realty Trust, Inc. (NYSE: PDM)…

WRIT Closing in on New CEO, Buyer for MOB Portfolio

During their quarterly conference call with analysts, executives with Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) expressed optimism that the buyer of its medical office building (MOB) portfolio and…

LaSalle Hotel Properties Calls DC One of its Strongest Markets in the Second Quarter

During their quarterly conference call with analysts last week, executives with LaSalle Hotel Properties said Washington D.C. was one of the Bethesda-based firm’s best performing markets in the second quarter,…

REIT Pays $143.6M for Richmond, VA Office Asset

A subsidiary of Select Income REIT has acquired the 310,950 square foot office property at 501 South 5th Street in Richmond, VA for $143.6 million, excluding closing costs. The seller…

Gladstone Commercial Agrees to Pay $57.5M for Austin, TX Office Asset

McLean, VA-based Gladstone Commercial has agreed to acquire 701 East Parmer Lane in Austin, TX for a gross purchase price that is expected to be approximately $57.5 million, exclusive of…

KBS to Pay $268.8M for Gaithersburg, Dallas Assets

Subsidiaries of KBS Real Estate Investment Trust III, Inc. have agreed to buy a portfolio of three office properties for $268.8 million plus closing costs. The three properties are located…