Share |

Content about Washington metropolitan area

July 23, 2015

A site not seen in nearly 60 years: grassy fields and wide-open spaces in the foreground as highrise towers create a dramatic backdrop. This is the scene at the site of the first phase of the Blairs redevelopment in downtown Silver Spring.

Low-rise residential buildings built in 1959 have given way to what will become a pair of residential towers reaching 18 and 14 stories high.

February 12, 2015

Screams of foul play have echoed from the county to state level in the ranks of the democratic leadership. The opposition is aimed squarely at the brand new republican Governor of Maryland, Larry Hogan.

‘Mass Exodus’ has been the word on the political streets for the past two weeks in Maryland’s state capital Annapolis. Screams of foul play have echoed from the county to state level in the ranks of the democratic leadership. The opposition is aimed squarely at the brand new republican Governor of Maryland, Larry Hogan.

April 4, 2014

If you are a young professional working in Washington, D.C., one thing you’ve probably noticed by now is that there is a fairly large gap between your monthly income and the city’s monthly rent requirements. Not everyone can afford the “luxury” apartments in Foggy Bottom, Georgetown, or Dupont Circle; so what’s a cash-strapped young professional to do?

March 14, 2014

We recently released an article about the Top 5 Worst Markets for Office Space in the D.C. area. Those areas had the highest vacancy rates in the Washington, D.C. area according to a Transwestern report.

Demand for Class-C and Class-B office space is at near all-time lows and at the same time tenants are adamant about leasing Class-A office space. In some sub markets the demand is so great that Class-A office space available is now below 1 percent.

February 13, 2014

In the world of commercial office space, a market with a vacancy rate of 10 percent is considered stable; anything below that percentage is to be coveted.  Logically, developers should flock to a market with a low office inventory, especially one with short supply of Class-A office space.  After all, someone is leasing all that space right?

February 7, 2014

Germantown, Maryland is the farthest north of Montgomery County’s commercial centers, it’s also the smallest and youngest in terms of commercial development but that is quickly changing. With approximately 3 million square feet of office space, Germantown has been one of the county’s bright spots in terms of commercial development in the last couple of years.

April 13, 2012

While the nation's capital continued its usual lead in office space construction, another surprise quarter occurred with the Maryland National Capital region leading the surrounding region.

According to March data from the Bethesda, Mid-Atlantic regional office of Transwestern and its research subsidiary, Alexandria-based Delta Associates, there was an estimated 7,204,726 square feet of office space under construction or reconstruction in the D.C. area.

April 6, 2012

Inside the boundaries of Alexandria's historic districts developers must comply with strict design rules for approval but outside those areas, apparently anything goes.

New townhomes by Prolandian Corp are planned for the northern section of the city at 101 and 103 East Reed Avenue. A dilapidated 15,287 square foot plot of land will be turned into five townhomes with architecture that's being coined as "contemporary urban chic".

March 29, 2012

A planned residential and retail project by real estate developer JBG was met with mostly heavy opposition from community residents who live in the Twinbrook area of Rockville, where the project would be developed.

The site plan for 1800 Rockville Pike came before the City of Rockville planning board Wednesday night seeking approval from the commission. The approval of the site plan would have been the final step before permits are issued and construction starts for the urban style, low-rise project designed by architectural firm, Hord Coplan Macht.

December 16, 2011

Times was running out for a major lease set to expire in 2013 at the Silver Spring Metro Center, but the anchor tenant -- the National Oceanic and Atmospheric Administration (NOAA) -- has decided to stay and renew its lease for another 15 years. The administration has called the urban high-rise office buildings home since 1990.

December 9, 2011
federal government allowed 96 percent of the office space under construction in the Maryland National Capital Region to be pre-leased

With a big help from the federal government, Maryland's "economic engine", Montgomery County, has managed to lead all jurisdictions outside the district in office space construction -- with nearly all of Montgomery County's primary office markets participating.

The latest data from Transwestern Mid-Atlantic with headquarters in Bethesda, shows office space construction in the county stands at nearly 2 million square feet, that puts it ahead of surrounding area jurisdictions including Fairfax and Arlington counties in Virginia.

November 4, 2011

A Developer plans a new project at the former Reed Brothers Dodge Dealership Site

The housing crisis has had ramifications not only for the overall economy, but the auto industry in particular was hit hard and has not recovered. It has yet to return to pre-recession levels. Where vehicles are the next-in-line purchase after real estate for most people, monthly vehicle sales—at one time during the recession—dropped to a level not seen since the early nineties. The hard hit American automakers left a trail of closed dealerships across the region as they cut back on their dealership networks.

November 3, 2011

A Virginia residential developer is proposing to tear down an existing office building on Key West Avenue in Rockville, and replace it with as much as 650 multi-family residential units that would most likely end up as apartments.

October 14, 2011

Back in May 2010 the U.S. Postal Service issued an RFP through its brokerage firm to sell the site for redevelopment

The development planned for the current main post office site in the Silver Spring Central Business District won approval from the Montgomery County Planning Board Thursday.

Leading the development of the site is Chevy Chase-based Nova-Habitat incorporated which has been joined by McLean-based Insight Property Group LLC to build what is being marketed as the Fenwick Station apartments.

October 7, 2011

Fairfax County and Washington Examiner newspaper argue over Dulles Rail costs

Fairfax County Director of Public Affairs, Merni Fitzgerald is refuting claims made by a Washington Examiner newspaper editorial that the Dulles rail project is no longer on schedule, is over budget, and lacks transparency to the public.

The statement was posted on the Fairfax County government website calling the editorial titled "Airports authority head lied, and transparency died", a piece full of inaccuracies and stating opinions as facts.

September 13, 2011

Rockville-Based Washington Real Estate Investment (WRIT) (NYSE: WRE), which announced plans to dump industrial properties as well as some outside the beltway, has purchased an office complex on the north side of Old Towne Alexandria.

Built in 1985, Braddock Place office park contains 345,000 square feet and is adjacent to the Braddock Road Metro Station. Washington Real Estate Investment paid $101 million in cash for the four building property at 1310, 1320, 1330 and 1340 Braddock Place.

September 1, 2011

Rockville Town Center is continuing to take shape with a much needed office project breaking ground in Montgomery County's seat of operations.

Choice Hotels International (NYSE:CHH) will move 400 employees from 10750 Columbia Pike in Silver Spring to Rockville Metro Plaza II at 121 Rockville Pike, under a 15 year lease. The project is being developed, managed and owned by Foulger-Pratt.

August 22, 2011

With a new grocery store anchor on the way, Federal Realty Investment Trust (FRIT) (NYSE: FRT)wants to make sure patrons are receiving the best experience at the Rockville Town Square.

August 9, 2011

The Class-A, LEED Gold buildings are adjacent to the King Farm mixed-use development.

Bethesda-based First Potomac Realty Trust (NYSE:FPO) announced that it has completed a lease transaction with DRS Defense Solutions, LLC to take space at Redland Corporate Center II in Rockville.

DRS, a technology defense contractor, will occupy 23,033 square feet, taking the entire ninth floor of the 210,862 square-foot Redland Corporate Center II. The company is anticipated to move in from its Bethesda office by March 2012 on a five-year term lease.

July 12, 2011

Choice Hotels International, Inc (NYSE:CHH)  has completed a lease agreement to move its global corporate headquarters to Rockville.

The popular hotel management company will take up an entire building to be constructed at 121 Rockville Pike. The 130,000 square foot Class A office building is expected to break ground shortly, for a projected spring 2013 move in.

August 7, 2015

A for-profit university offering post-secondary education services is expanding into a newly renovated building in Montgomery County’s largest office market in North Rockville.

With headquarters in a far-flung suburban area like Herndon, Va, Strayer University has attracted commuters with full-time jobs that require flexibility but also the possibility of earning a degree to boost their career and jobs prospects.

July 23, 2015

Not Your Average Joe's first D.C. area location in Gaithersburg opened to great fanfare. Seating areas are constantly packed on weekends with customers willing to cope with hour long waits (perhaps it's the Not Your Average Joe’s Dipping Sauce?).

With the successful launch of the Kentlands restaurant the company has opened several more locations including most recently a Bethesda location in the Wildwood Shopping center taking over a former Hamburger Hamlet Space.

July 14, 2015

Next week the Montgomery County Planning Department will review several new additions proposed for the Milestone Businesses Park in Germantown. The developer Matan has big changes planned for surface parking and empty lots at the office complex.

Despite having major leasing success for the office buildings in the northern edges of Montgomery County, Matan wants to introduce new use types that would drastically change the environment.

July 8, 2015

After a long wait in Montgomery County, Maryland, alcohol is ready to be served in salons. Montgomery County once prohibited salons from serving alcohol to their customers, but in 2014 related businesses were granted permission to obtain licenses. There have been several around the county that have taken advantage of the new law thus far, and now Lotus Nails in North Gaithersburg has been granted status at recent County alcohol beverage license meeting.