City: Washington

May 24, 2001 WASHINGTON – The Federal Trade Commission has signed a 10-year lease, valued at more than $80 million, for 200,000 square feet at 601 New Jersey Ave.Lowe Commercial Development, a joint venture between Lowe Enterprises and Teachers Insurance ...

Eastdil Realty has won a hotly contested bidding contest to represent the Dutch Shell Pension Fund in its evaluation of a possible sale of several trophy office properties in New York, Washington, Atlanta and Cincinnati.

May 23, 2001 The New York State Common Retirement Fund has committed $227 million in equity to its recently announced joint venture with Post Properties Inc. (NYSE:PPS). The venture, which will look to develop mid- and high-rise multifamily properties in ...

May 14, 2001 WASHINGTON – Prudential Mortgage Capital Co. has provided, through its PruExpress program, $15.5 million in mortgage financing for 1111 18th St., a Class-A office building in Washington, D.C.An affiliate of D.C.-based Blake Real Estate received the first ...

VIB Management has hired Greenwich Group International to market for sale 950 L'Enfant Plaza in Washington. The building, which is leased to several Federal agencies, should sell for more than $230/sf.

After years of improving, the Capitol-area's office market got hit especially hard by the downturn in the high-tech sector. When sublease space is included, vacancies jumped to nearly 6 percent.

May 4, 2001 WASHINGTON – A subsidiary of Amstar Group Ltd. has purchased the Doubletree Washington Park Terrace Hotel from Washington Park Hotel Associates Limited Partnership. Terms of the transaction were not disclosed. The company plans to renovate and reposition ...

A fund advised by Clarion Partners raised $62 million from the sale of 1130 Connecticut Ave. in the nation's capital. Fremont Partners bought the property as part of a tax-deferred exchange.

Royal Dutch Shell is seeking to unload 450 Lexington Ave., a 905,000-square-foot building that could bring in more than $300 million. The fund could also be readying a Washington, D.C., tower to go with it.