The nation's capital can tack on another trade. The Bernstein Co. paid $47.3 million for 1750 K St., a 152,500-square-foot property in the city's downtown.
Ownership of the 153,000-sf office building at 1750 K St. has changed hands with the St. Joe Co.'s disposition of the property to The Bernstein Cos. in a deal valued at $47.3 million. And what a difference a few years make; St.
A $77.2 million financing package has been put in place for the acquisition of two class A office towers along the Anacostia River known as Maritime Plaza I & II.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
