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Washington Post Renews at DC’s Tallest Office Tower

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Washington Post Renews at DC’s Tallest Office Tower


The Washington Post is remaining in its 300,000-square-foot office at One Franklin Square in Downtown Washington, D.C., landlord Hines announced. 

The media publisher renegotiated its lease at the 612,189-square-foot tower — also known as 1301 K Street NW, and considered the tallest commercial building in the District — through at least 2037. 

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The lease extension allowed Hines to extend the building’s existing loan through Mesa West for up to five years, Andrew McGeorge, senior managing director at Hines, told Commercial Observer.  The five-year term covers $250 million, which includes funding for future leasing activity, he said.

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The Washington Post moved into the property in 2016 and had a lease termination option in December of 2025, McGeorge said. “A longer-term commitment from the Post allowed our lender to give us favorable terms when extending our existing loan.”

The Washington Post occupies five floors in the west tower and three floors in the east tower. It also has some ground-floor space.

“As the paper of record for Washington, we’re proud to be headquartered in the heart of the city, just blocks from the world’s most powerful leaders,” Steve Gibson, chief financial officer for The Washington Post, said in a prepared statement. “The Post is committed to the District both in our coverage and in our long-term presence at One Franklin Square, as we continue to deliver world-class journalism in service of local, national and global readers alike.” 

The Post is owned by Nash Holdings, the private investment company of Jeff Bezos

Hines acquired the property in 1996 for $180 million. Since 2015, Hines has replaced most major systems and upgraded the building’s rooftop terrace and lounge, added a conference facility with capacity for 130 people, and installed a new fitness and yoga center.

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Other notable tenants in the building include Reed Smith and Davis Wright Tremaine.

JM Zell Partners represented the tenant in the deal while Hines was represented in-house.

Keith Loria can be reached at Kloria@commercialobserver.com.



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Washington Nationals Free Agent Infield Target Has ‘Bust’ Potential

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Washington Nationals Free Agent Infield Target Has ‘Bust’ Potential


The Washington Nationals are heading into the winter with the potential to make some big splashes to improve their team. 

It was another tough season for the Nationals in 2024 with just 71 wins. However, the team featured a lot of talented young players and the lengthy rebuild could come to an end soon. 

Due to Washington having a big difference between their payroll now and their payroll last season, the team could be spending a lot of money on free agents this winter.  In fact, one estimate noted the Nationals could field a team with a payroll of $35 million if they made no offseason acquisitions.

It’s just one reason why many experts are bullish on the Nats adding some veterans around the young core, which makes a lot of sense to help improve the roster. The Nationals have a few positions where adding those players makes a lot of sense. 

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One of the positions that is arguably the biggest need is at first base. There are a lot of potential players to pursue in free agency that could make sense. One player who could be the top option is Pete Alonso. 

The slugging first baseman is arguably the best player at the position, and should have plenty of suitors. However, Alonso is not a perfect player and Zachary D. Rymer of Bleacher Report highlighted why he could have bust potential. 

“How big of a deal is it that Alonso is coming off his worst season?,” he wrote. “It was his worst according to his .788 OPS, anyway, and there are real issues underneath that number. A career-high rate of ground balls is one. He also didn’t pull as many fly balls as he usually does. More generally, the aging curve for right-handed-hitting, right-handed-throwing first basemen is rough. Even Albert Pujols didn’t last long as a star after turning 30, and Alonso will arrive at that point on December 7.”

Since coming up to the Majors, the 29-year-old has been one of the best power hitters in baseball, with only Aaron Judge having more home runs during that span. 

Even though he has been an excellent power hitter, 2024 was a down season for a player going into a contract year, at least by his standards. Alonso saw a drop in home runs and OPS in 2024, which could be concerning for a player about to turn 30. 

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The Nationals have had some bad misses recently on big contracts with Patrick Corbin and Stephen Strasburg. Washington hasn’t made any big moves recently, as they have been waiting for their young core to develop, along with the costs of those contracts to come off the books.

With a lot of young, talented players, the time to strike in free agency and make a splash seems like it should be now for the Nationals. However, if they target Alonso, they have to be mindful that he could be a bust with a drop in power numbers. 



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Commanders’ Terry McLaurin Focused on Cowboys Lesson Not Titans Redemption

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Commanders’ Terry McLaurin Focused on Cowboys Lesson Not Titans Redemption


As soon as the game ended in the Washington Commanders’ Week 11 loss to the Philadelphia Eagles conversations started shifting toward the long break and how much time the team had before it could get rid of that bad feeling against the Dallas Cowboys.

Now, following another Commanders loss – to the hands of those Cowboys – and even more bad feelings stemming from it, while some are talking about if this team can get right against the Tennessee Titans it’s going to be critical they take their time to fully digest their third-straight loss first.

Washington receiver Terry McLaurin made a point of emphasizing this fact in his postgame conversation with local media following the Week 12 loss.

Washington Commanders receiver Terry McLaurin.

Nov 10, 2024; Landover, Maryland, USA; Washington Commanders wide receiver Terry McLaurin (17) looks on from the field during final minute of the game against the Pittsburgh Steelers at Northwest Stadium. Mandatory Credit: Amber Searls-Imagn Images / Amber Searls-Imagn Images

“I don’t want to look too far to Sunday because Sunday’s going to take care of itself next week,” McLaurin said. “We got to get some things fixed in the film room, so we’re already looking forward to looking at the film and just having ‘Tell the Truth Monday’ like (head coach Dan Quinn) says. I mean we all got to look at ourselves in the mirror and figure out what we can do better.”

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To McLaurin’s point, as a team the Commanders have to get better, especially on offense where the unit failed to score on two possessions starting in the Dallas end of the field after defensive and special teams plays set the group up for early success.

Across the organization Sunday night the message of everyone coming together to fix the issues was common. From coaches to players the unit is focused on fixing the unit, but it is going to take some hard-focused individual advancement to do that as well.

“I just want to continue to try to control what I can and keep making sure that we have the right attitude and approach as we come into practice and the games,” McLaurin said. “Trying to make a play when the ball comes to me and just controlling that aspect of my job, and I try to provide a spark when I can. …As an offense, we have to find a better job of staying on the field. I think that was a strength of ours in the first half of the season and it’s not right now. So we got to figure out how to get that back to being a strength of our offense because when we’re tempo, when we’re staying on the field, it allows us to keep the playbook open and continue to put pressure on the defense.”

McLaurin also said nobody is hanging their heads on this team right now. That they still have confidence in what they can do individually and as a team.

While that wasn’t physically true on Sunday after the game – there were plenty of heads hanging in the home locker room after the loss – it is true from a mentality standpoint. Even the multiple guys who put the loss fully on their own shoulders, kicker Austin Seibert and safety Jeremy Reaves just to name a couple, echoed the sentiment that they are and can be better.

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So don’t expect this Washington squad to give up on itself even as some start to move it out of the competitive conversations it was in just weeks ago. And if every Commanders player on the roster and coach on the staff takes the same approach McLaurin is conveying here, then there’s another chance to see the old production come back in Week 13 – when the time comes.

Stick with CommanderGameday and the Locked On Commanders podcast for more FREE coverage of the Washington Commanders throughout the 2024 season.

• Commanders ‘Going to Give’ Cowboys Plenty to Defend Says Zimmer

• Terry McLaurin’s 86-Yard Touchdown Stuns, But Commanders Miss Extra Point

• Commanders Rival Cowboys’ Micah Parsons Channeling Fighter’s Mentality

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• Commanders Lean on Leadership to Regain Momentum Before Cowboys Matchup



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Israel-Hezbollah Close to Ceasefire Deal, Says Israel’s Envoy to Washington

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Israel-Hezbollah Close to Ceasefire Deal, Says Israel’s Envoy to Washington


Israel is potentially days away from a cease-fire deal with Lebanon’s Hezbollah, the Israeli ambassador to the United States said, following a new round of shuttle diplomacy by a senior envoy for the outgoing Biden administration.

“We are close to a deal,” Michael Herzog told Israel’s Army Radio on Monday. “It could happen within days.”



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