WASHINGTON, DC–If our source is correct, a JV betweenNorges and Oxford Properties isstepping up acquisitions in the Washington DC area.
The JV has under contract 1101 New York Ave., NW, for $418million or $1,069 per square foot. This would be among the highestsales prices paid on a per square foot basis in the District —although not as high as the $1,250 per square foot that the JV issupposedly paying for 900 16th St., NW.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
