Bruce Baschuk, president of J Street and former managingdirector of CB Richard Ellis' Washington office, has purchased thestock of Randall Hagner Limited from the Hagner family and otherstockholders in the company as part of the deal. Other terms of thetransaction, including acquisition price, have not beenreleased.
The combined firm has 160 employees and grossed approximately$20 million in fees last year, according to a press release.
J Street is currently developing two sites north ofMassachusetts Avenue, or the so-called NoMA neighborhood. It saysit is negotiating to acquire several other properties as well. Thecompany will maintain the Randall Hagner brand for the timebeing.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
