News

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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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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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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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