Washington, DC

The deal enables Rubenstein to grow its footprint in the Rockville market and benefit from various economies of scale, according to Steve Evans, regional director for Rubenstein. "

The largest transaction was finalized in late 2018 with WeWork, which expanded its operations at the property by another 109,000 square feet.

The partnership plans to invest additional capital in the 592-unit garden style apartment community.

A breakdown by location showed that Northern Virginia lost $32.8 million in lost or delayed revenue per day, primarily driven by the Department of Homeland Security (36% share) and Department of State (17% share).

“We continue to make progress on our capital recycling goals with the sale of a leasehold interest in 1700 M Street,” said JBG Smith CEO Matt Kelly.

The Trump Administration is signalling that it is working on a concrete plan.

The financially struggling journalism museum—Newseum, will continue to operate at 555 Pennsylvania Ave. through 2019.

“This sale continues our strategy of selectively disposing of certain properties to generate proceeds to fund value-add and opportunistic acquisitions in the future.”