Category Archives: Washington DC

PS Business Parks Reclassifies McLean, VA Asset for Redevelopment

PS Business Parks, Inc. (NYSE:PSB) reported Thursday that it has reclassified 7915 Jones Branch Drive in McLean, VA to “land and building held for development,” meaning the company plans to…

SAIC, Meridian Enter into $85M Sale-Leaseback Agreement for Fairfax Co. HQ Property

Campus Point Realty Corporation (CPRC), a subsidiary of Science Applications International Corporation (SAIC), has entered into a purchase and sale agreement with MRP-I Acquisition A, L.L.C. that includes, among other…

Trepp: COPT Has Other Loans Worth Watching

As this site reported earlier this week, the $146.5 million COPT Office Portfolio loan has been sent to a special servicer and is facing imminent default, according to Fitch. All…

Fitch: Imminent Default for $146.5M COPT Office Portfolio Loan

The $146.5 million COPT Office Portfolio loan has been transferred to a special servicer due to “imminent default,” according to Fitch. The loan is secured by first mortgages encumbering 14…

Saul Centers Terminates All Lease Agreements at Van Ness Square

Bethesda-based Saul Centers Inc. has completed lease termination negotiations with the tenants of Van Ness Square and expects the building will be vacant on or about April 30, 2013. Located…

Vacant in November, Herndon’s Monument IV Reaches 83 Percent Occupancy

Fannie Mae has signed an 83,000 square foot lease at Monument IV at Worldgate in Herndon, VA, the second of two big leases that have lifted occupancy at the 228,425…

Howard Hughes Corp: Merriweather Post Pavilion to Provide Central Park-like Setting for 4M SF of Development

The Howard Hughes Corporation (NYSE: HHC) reported Friday that it intends to propose an initial Final Development Plan to the Howard Co., MD planning department this year for the huge…

$130M Loan on DC’s Federal Center Plaza Detailed in CMBS Prospectus

Deutsche Bank Securities and Cantor Fitzgerald & Co. have filed a prospectus for COMM 2013-CCRE6, a $1.49 billion CMBS conduit deal for 48 commercial mortgage loans secured by 80 properties….

Command Security Corp’s $2.4M HQ Lease in Herndon Detailed

Command Security Corp has leased 10,435 square feet of office space at 512 Herndon Parkway in Herndon, VA, which it plans to use as its new headquarters, according to a…

Alexandria Closes on Disposition of 282,523 SF in Gaithersburg, MD for $41.1M

Alexandria Real Estate Equities has closed on the disposition of the assets it owned at 25/35/45 West Watkins Mill Road and 1201 Clopper Road in Suburban Washington, D.C., the REIT…