Washington, DC Commercial Real Estate

 

 Featured Stories

 
11 September 14
Warren Mayberry Joins CBRE Occupier Services Team CBRE has announced the addition of Warren Mayberry as a First Vice President with its Occupier Services team in the Tysons Corner office. Mayberry comes to CBRE from Colliers International, where he specialized in tenant representation in Northern Virginia.
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11 September 14
CBRE Arranges two Leases Totaling 30,000 SF that Clear Way for Relocations to North Rockville CBRE CBRE arranged two leases that bring two leading firms to Park Plaza I, a Class A office property owned by Carr Properties at 2101 Gaither Road in the heart of the I-270 technology corridor in North Rockville, MD. As a result of the transaction, Monument Bank will take 24,000 square feet and will relocate later this year from two downtown Bethesda locations. Engineering and planning firm Dewberry will occupy 5,800 square feet.
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10 September 14
Douglas Development and CBRE Announce Dramatic Transformation of Historic Downtown DC Corner The historic corner of 10th Street and F Street will undergo reconstruction to add a 94,000 square-foot landmark office property at 1000 F Street, NW in Washington, DC. The transformation will begin later this year, according to CBRE, exclusive leasing agents for ownership, Douglas Development. All retail tenants have now vacated and demolition of existing retail structures will begin shortly to clear the way for the new trophy addition to the existing historic structure. Delivery is expected in summer 2016.
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09 September 14
CBRE Arranges Sale of Pete Pappas and Sons Warehouse Headquarters Douglas Development Corporation has added another key parcel to its Hechts Warehouse District complex by purchasing the 90,000 square foot two-level home of Pete Pappas and Sons at 1401 Okie Street, NE, Washington, DC. The property is one block off New York Avenue and directly across the street from the historic Hechts building. Sales price was $8.4 million.
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04 September 14
CBRE Expands Services to Tech Companies with Technology & Media Practice CBRE Group, Inc. announced the formation of the Technology & Media Practice, an advisory group of experts designed to enhance and expand CBRE’s integrated suite of real estate services offered globally to technology and media companies. This specialty practice group will serve the growing technology and media industry by tapping expertise and best practices of CBRE professionals in brokerage services, project management, workplace strategy, labor analytics, capital markets, valuation and advisory services, and research and consulting.
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 Office Description

 
The Washington, DC office of CBRE is one of the country's most active market areas. More than 75 professionals provide a complete spectrum of commercial real estate brokerage services including owner and tenant leasing, acquisition and sales, marketing and consulting to owners, investors and occupiers of all property types.
 
The Washington, DC competitive office market is comprised of 121.4 million square feet in almost 700 properties in nine submarkets throughout the District of Columbia. The core downtown markets of the CBD and East End hold the majority of office product with 38.2 million square feet and 42.4 million square feet, respectively. Capitol Hill consists of 4.8 million square feet, while Southwest has more than 12.0 million square feet. Uptown and Georgetown, the most western and northern submarkets, have a combined 9.8 million square feet. Since 2005, two new submarkets, NOMA and Capitol Riverfront, were formed, and they currently are comprised of more than 12.0 million square feet. In total, the District of Columbia accounts for over 32% of the Washington, DC Metro Region’s competitive office real estate market.
 
Please visit CBRE's Washington, DC Area page.