WASHINGTON, DC–Reports and rumors of trades are coming thick andfast as the year comes to the close. Here is a roundup of some ofthe deals about which we have heard.
ASB Real Estate Investments has acquired 77 P St., NE, for$186.3 million or $544 per square foot from Brookfield AssetManagement. The 342,411 square foot building is about 99% occupiedby the District of Columbia government and its parcel includesabout 500,000 square feet of development potential. In anotheroffice deal, Principal RE Investors has acquired 601 New JerseyAve., NW, for $175 million, or $681 per square foot. 900 G St., NWis rumored to be trading at $144 million, or a whopping $1,274 persquare foot.
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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.
