Washington, D.C

This Week’s D.C. Deal Sheet

Published

2 years ago

April 16, 2022

Trammell Crow is partnering with Principal Actual Property Buyers to assemble a significant new spec life sciences growth in Frederick.

Courtesy of Gensler

Rendering of proposed life sciences facility in Frederick, Maryland

Plans for the undertaking, named Jefferson Expertise Park, embody two 145K SF clean-room manufacturing buildings and two three-story, 100K SF “lab, analysis and biodiscovery buildings,” in line with a press launch.

The labs may even be linked by a 10K SF amenity hub, which is able to characteristic a coworking area, convention rooms, a health heart and a café.

“Jefferson Expertise Park is a novel life science campus growth alternative that can additional reinforce Frederick because the northern anchor of the I-270 Life Sciences Hall,” Rob Klinkner, managing director of the japanese states area for Principal stated within the launch. “Jefferson Tech shall be an thrilling addition to the market, and we’re trying ahead to persevering with our sturdy three way partnership partnership with Trammell Crow to ship this undertaking.”

The builders anticipate development to start in September and full in late 2023. CBRE’s Frank Graybeal and Kevin Reap have been retained by the three way partnership to deal with advertising and marketing and leasing.

The undertaking is a significant funding within the life sciences hall alongside I-270, which is the third-fastest-growing market within the nation, in line with CBRE.

Trammell Crow and Principal’s new campus joins a 2M SF life sciences cluster in Frederick, in line with the builders.

SALES

Common North and Common South, two Nineteen Sixties-vintage workplace buildings throughout the road from the Washington Hilton, seen October 2018

A high-profile Philadelphia developer made its first foray into Washington, D.C., this week, snapping up a pair of JBG Smith-owned workplace buildings for simply over $200M. Submit Brothers, a non-public developer specializing in multifamily, acquired the Common North and Common South workplaces at 1825 and 1875 Connecticut Ave. NW thanks partially to a mortgage from an affiliate of Mack Actual Property Credit score Methods totaling $129.7M. The buildings, which whole 762K SF, are throughout T Avenue from the Washington Hilton resort north of Dupont Circle. They seem like prime candidates for an office-to-residential conversion, given the District’s give attention to the technique amid traditionally excessive workplace vacancies the properties’ superior age and their new proprietor’s specialty.

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Finmarc Administration offered an 8.8-acre Herndon Company Heart parcel to Stanley Martin Cos. in a $21.34M deal, the vendor introduced Wednesday. The property presently incorporates 4 workplace properties, three of which Stanley Martin plans to right away demolish and a fourth that the developer plans to demolish later. Of their place, Stanley Martin plans to construct 55 conventional townhomes and 56 two-over-two townhomes. The developer plans to start development later this 12 months. Paul Norman Jr. and John Pellerito of Cushman & Wakefield represented Finmarc within the deal.

CONSTRUCTION

The shuttered Macy’s at Alexandria’s Landmark Mall

Foulger-Pratt is planning to start the demolition course of for the Landmark Mall early subsequent month, Alexandria Dwelling journal reported. The developer will tear down all current constructions besides a parking storage, paving the way in which for a 4.2M SF redevelopment anchored by a brand new Inova hospital. Renamed West Finish, the location can be slated to characteristic as much as 2.7M SF of residential area and 285K SF of retail area as soon as accomplished.

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Monday Properties, proprietor of a number of main workplace properties in Rosslyn and elsewhere within the area, delivered its first Northern Virginia residence constructing this week. The 300-unit property at 2000 North Beauregard St. is situated in a chance zone and obtained a $66.8M development mortgage from EagleBank. Monday Properties has been increasing its multifamily portfolio of late, with 3,600 models presently within the pipeline, the true property agency stated in a press launch.

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Liberty Place, a 71-unit, all-affordable housing undertaking in Mount Vernon Triangle opened on Tuesday with a ribbon-cutting attended by Mayor Muriel Bowser and different officers. Fifty-three of the models have been preserved for households incomes beneath 50% of the realm median revenue, together with 14 models of everlasting supportive housing and 4 models for households incomes at or beneath 60% AMI. The inexpensive undertaking is a part of the Central Washington planning space, the place Bowser is looking for 1,040 new inexpensive housing models by 2025. The brand new growth brings the planning space to 27% of that purpose.

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Courtesy of Douglas Improvement

Rendering of the brand new industrial constructing at 2266 twenty fifth Place NE

Douglas Improvement broke floor on a brand new 33K SF spec industrial growth in D.C. this week, one of many first of such property sorts to start development within the metropolis in years. The property at 2266 twenty fifth Place NE is scheduled to finish development in This autumn of this 12 months. John Dettleff, government managing director of JLL’s Metro D.C. industrial workforce, is overseeing leasing for the event, and he advised Bisnow on Tuesday he expects there shall be sturdy demand for the ability due to its proximity to dense residential neighborhoods in want of last-mile supply options.

FINANCING

Bethesda-based Excelsa Holding raised a $154M actual property fairness fund from worldwide traders in solely three months, the Washington Enterprise Journal reported. The agency makes a speciality of value-add and core-plus properties and is generally seeking to spend money on multifamily properties. Excelsa was based by Bassam Yammine, former co-CEO of Credit score Suisse Center East and North Africa. Although Excelsa relies within the D.C. space, the brand new fund shall be used for alternatives each in Larger Washington and the Solar Belt, WBJ reported.

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Washington, D.C

Minnesota Lynx vs Washington Mystics Prediction 7-6-24 Picks | Sports Chat Place

Published

2 hours ago

July 6, 2024

Press Room

Minnesota Lynx vs Washington Mystics Prediction 7-6-24 Picks | Sports Chat Place

Credit: Wendell Cruz-USA TODAY Sports

The Washington Mystics and Minnesota Lynx meet Saturday in WNBA action at the Target Center. Here’s a Minnesota Lynx vs Washington Mystics Prediction. This article will include a Minnesota Lynx vs Washington Mystics Pick.

Washington Mystics Betting Preview

The Washington Mystics look for a win after splitting their last 10 games. The Mystics are 2-9 SU on the road this season. The Washington Mystics are averaging 79.2 points on 42.9 percent shooting and allowing 83.5 points on 45.4 percent shooting. Ariel Atkins is averaging 14.5 points and 3.8 rebounds, while Shakira Austin is averaging 11.7 points and 1 assist. Brittney Sykes is the third double-digit scorer and Stefanie Dolson is grabbing 4.8 rebounds. The Washington Mystics are shooting 37 percent from beyond the arc and 77.3 percent from the free throw line. The Washington Mystics allowing 34.7 percent shooting from deep and are grabbing 31.8 rebounds per game.

Minnesota Lynx Betting Preview

The Minnesota Lynx need a win after losing 3 of their last 4 games. The Minnesota Lynx have won 7 of their last 8 home games. The Minnesota Lynx are averaging 82.5 points on 44.8 percent shooting and allowing 74.6 points on 39.4 percent shooting. Napheesa Collier is averaging 20 points and 10.2 rebounds, while Kayla McBride is averaging 15.7 points and 3.3 rebounds. Alanna Smith is the third double-digit scorer and Courtney Williams is grabbing 4.9 rebounds. The Minnesota Lynx are shooting 39.3 percent from beyond the arc and 78.4 percent from the free throw line. The Minnesota Lynx are allowing 28.3 percent shooting from deep and are grabbing 35.1 rebounds per game.

Minnesota Lynx vs Washington Mystics Injury Report

The Mystics will be without Shakira Austin, Brittney Sykes and Karlie Samuelson. Stefanie Dolson is questionable with an illness. The Lynx will be without Olivia Epoupa, and Napheesa Collier is doubtful with a foot injury.

Minnesota Lynx vs Washington Mystics Prediction

The Minnesota Lynx have been moneymakers and have the ability to blow the doors off, but they’re also 1-3 ATS and 1-3 SU since winning the commissioners cup. The Washington Mystics have turned their season around over the last few weeks, and they’ve covered 8 of their last 10 games overall and are 8-2 ATS in their last 10 games as an underdog. The Mystics hung around with the Lynx back in May, losing by just 6 points, and it’s fair to say they’re a better team now. I’ll take a stab with the Mystics and the free buckets, even if it may burn me.

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Washington, D.C

Armed carjacker shot by US Marshals in DC, investigation underway

Published

8 hours ago

July 6, 2024

Press Room

Armed carjacker shot by US Marshals in DC, investigation underway

Armed carjacking suspect shot by US Marshals

Agents from the Metropolitan Police Department’s Internal Affairs Bureau are investigating a shooting involving U.S. Marshals that took place early Friday in Northwest D.C.

WASHINGTON – Agents from the Metropolitan Police Department’s Internal Affairs Bureau are investigating a shooting involving U.S. Marshals that took place early Friday in Northwest D.C.

The incident occurred around 1:15 a.m.

Deputy U.S. Marshals, according to an MPD report, were parked in separate vehicles in the 2100 block of 11 Street, Northwest, when the suspect exited a vehicle and approached one of the Marshals, pointing a handgun in an apparent carjacking attempt.

The Marshal responded by drawing his service weapon and firing several shots at the suspect. A second Marshal from another vehicle also fired his service weapon, the report states.

The suspect, identified as 18-year-old Kentrell Flowers of Southeast, was transported to a local hospital with non-life-threatening injuries.

No law enforcement officers were injured during the incident.

Flowers has been arrested and charged with armed carjacking, carrying a pistol without a license, and possession of a large-capacity ammunition feeding device.

A firearm was recovered at the scene.

The United States Attorney’s Office will independently review the facts and evidence of the case.

Anyone with information about this case is asked to contact the police at 202-727-9099.

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Washington, D.C

Friday, the week’s hottest day in D.C., was humid, too

Published

15 hours ago

July 5, 2024

Press Room

Friday, the week’s hottest day in D.C., was humid, too

Friday could not be blamed for its searing heat and steamy humidity. After all, it is summertime, it is the District, and this is the hottest month of our hottest season.

Perhaps 100 degrees proved the key figure in any serious discussion of the day’s conditions. In D.C., perhaps one of the more generous ways of responding to Friday’s high temperature of 98 was to note that was not 100.

Even at only 98 degrees, however, Friday was the hottest day here since June 26, when it was 99. It was also 9 degrees hotter than the average high — 89 degrees — for July 5 in the capital.

It is true that the actual temperature did fall a bit short of three digits, a level that generally wins instant acceptance as thermally severe. But the feels-like temperature, also an important characteristic of conditions, cleared that hurdle with ease.

For a couple of hours Friday afternoon, the heat index reached 108 degrees. It stood at 108 degrees just before 3 p.m. and just before 5 p.m. And when it was not 108 at two other afternoon hours, it fell only a degree below that at 107.

Memories of attending the fireworks in Washington on the Fourth of July, often include recollections of the weather. The Fourth on the Washington Monument grounds has often been a day that is celebrated amid substantial swelter.

But the Fifth, which was Friday, surpassed it in discomfort to become the sultriest day of the week and month thus far.

The high temperature on the Fourth was only 94, warm, certainly, but perhaps not the sort of heat that residents or tourists will incorporate in their tales of enduring the severity of Washington weather.

And the heat index apparently did not reach the three-digit mark Thursday, according to available National Weather Service data.

So if the Fourth was the day to inspire, perhaps Friday was the time to perspire.

But, it is difficult to conceive of conditions that differ greatly from those of Friday.

It is summer and this is Washington, and we are surrounded, immersed and enveloped in the time and the place — for hotter, or for perhaps slightly less hot.

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