Two Washington, D.C., Firms to Lease 500,000 SF in City’s Southwest Neighborhood

Philadelphia Business Journal Exeter Property Group has paid $202 million, or $13649/sf, for the 148,000-square-foot office building at 931 South Matlack St in the Philadelphia suburb of West Chester, Pa The Conshohocken, Pa, investment manager...

Philadelphia Business Journal MRP Realty has paid $210 million, or $150/sf, for 43 industrial properties with 14 million square feet in suburban Philadelphia The Washington, DC, company bought the properties from the Gambone Group of East Norriton,...

Bisnow Perseus TDC, an affiliate of Transwestern Development Co, has broken ground on a 158-unit apartment project in Washington, DC The property, at the intersection of 15th and S streets NW, will have business and fitness centers, a rooftop...

Washington Business Journal Developer Leonard Michel has filed plans to build the Village at Clear Springs residential project in Leesburg, Va Plans call for 450 multifamily units, 203 single-family detached homes and 585 single-family attached...

Philadelphia Business Journal A venture of Centerbridge Partners and Plymouth Group plans on constructing the Budd Campus, a 24 million-square-foot life-sciences complex in Philadelphia The property will offer a mix of laboratory and manufacturing...

Washington Business Journal Skanska has filed plans to build a multifamily property with up to 275 units at 44 M St NE in Washington, DC The Swedish developer previously had proposed a 233,000-square-foot office building for the site, which is in...

Washington Business Journal Amazon Web Services is building a 120,000-square-foot data center in Springfield, Va The affiliate of Amazoncom Inc will demolish the two office buildings on the site, at 7951 and 7961 Loisdale Road, about 15 miles...

Philadelphia Business Journal Landmark Properties plans on constructing the 280-unit Standard at Philadelphia student-housing property in Philadelphia’s University City neighborhood The Athens, Ga, company recently bought the office building...

Bisnow Office Properties Income Trust has broken ground on a mixed-use project at 20 Massachusetts Ave NW in Washington, DC The Newton, Mass, REIT is redeveloping a vacant 340,000-square-foot office building on the site into a 427,000-sf property...

Bisnow Carmel Partners Inc has paid $1523 million, or about $132,205/room, for the 1,152-room Washington Marriott Wardman Park Hotel in Washington, DC, at a foreclosure auction held this week The previous owner, Pacific Life Insurance Co, threw the...