News

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Washington Gas sells stakes in Maritime Plaza

WGL Holdings, parent company of Washington Gas Light has sold its interest in two buildings at Maritime Plaza in Southeast Washington to pension fund investor the Bernstein Group.

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Bernstein drops $92M anchor in SE

The Bernstein Cos.' investment arm has paid $92 million for two office buildings in Maritime Plaza, a buy that breaks up the partially developed, mixed-use complex once expected to ignite a firestorm of retail and residential in Southeast.

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Historic Public Ledger Building Fetches $35M

Santa Ana, CA-based Triple Net Properties buys the Public Ledger building at 6th and Chestnut Sts. from Washington DC-based Bernstein Cos.' Consortium Two. 

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300,000-SF Building Brings in the Big Bucks

With a stable supply of properties commanding well over $300 per-sf these days, the District continues to lead the nation's office market, and a recent transaction involving the disposition of the approximately 300,000-sf building at 2100 M St. just adds to the city's status.

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Franklin Tower Brings Forth $88M

There seems to be no end in sight to big-ticket office property dispositions in the District, and the recent $87.6 million sale of the 212,000-sf Franklin Tower has added to the city's growing collection of high-priced sales. 

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1000 Vermont Ave. Draws in $17M Financing Package

Acquisition financing to the tune of $17 million has been put in place for the 80,000-sf office building at 1000 Vermont Ave.

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Two Retail Leases Signed for 1990 K St.

Retail space in the downtown office building at 1990 K St. has remained popular, as evidenced by two chain outlets' recent signing of leases for a total of just over 20,000 sf.

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Aerospace Building Brings in $13.4 M Financing Deal

Acquisition financing to the tune of $13.4 million has been put in place for The Aerospace Building, a 150,000-sf, class A office structure in Prince George's County.

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Ballston Tower Fetches $50M

Ownership of Ballston Tower, the 225,000-sf office building built atop the Ballston Common Mall, changes hands in a deal valued at a reported $49.5 million, or approximately $220 per-sf

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Former Atlantic Building to Become Part of New Office Complex

What remains of the Atlantic Building at 930 F Street--once the largest commercial structure in the District--has been sold to area developer Douglas Jemal of Douglas Development Corp. for a rumored $10.5 million.

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Bernstein Completes Renovation of Bethesda Court

Bernstein Companies has completed the renovation of the Bethesda Court Hotel. Located at 7740 Wisconsin Ave., the 75-room property has been refitted to resemble a European-style boutique hotel.

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XM Satellite to Buy Headquarters

XM Satellite Radio Holdings Inc. is negotiating to buy a three-story headquarters building in Northeast, an anchor development in the District's fledgling technology corridor. 

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Bernstein Buys 9-story K Street Office Building

The Bernstein Cos., the D.C.-based real estate investment and development group, has picked up the nine-story office building at 1990 K St, NW for $56 million.

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News Briefs - Bernstein Cos. Launches $100 Million Investment Fund

Bernstein Cos. launches $100 million investment fund Washington, D.C.-based The Bernstein Cos. (TBC) has subscribed to a $100 million Consortium Capital equity fund designed to attract acquisition and joint venture partners. 

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Best Overall Real Estate Deals of the Year

Putting a new twist on an old lyric, XM Satellite Radio is out to prove that they can make it anywhere - even on New York Avenue NE.

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Flush with $100M, D.C's Bernstein Ready To Shop Union Funds Seek Sites Philly to Richmond

Like the old television show, Georgetown - based Consortium Capital is playing a game called "Let's Make a Deal."

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