Transactions
REAL ESTATE SALES/ACQUISITIONS/FINANCINGS: American Enterprise Institute for Public Policy Research - $36,680,000 acquisition of 1785 Massachusetts Avenue, N.W., Washington, D.C.; PRI, Inc. - $14,400,000 sale of 1718 Connecticut Avenue, N.W.; 1518 K Street, LLC - $5,800,000 acquisition of 1518 K Street, N.W., Washington, D.C.; The Bernstein Companies – $19,000,000 acquisition and financing of leasehold interest and reversion in apartment complex in new Stadium district and subsequent construction financing; The Bernstein Companies – $16,000,000 sale of commercial office building in Annapolis, MD; Meisel Capital Partners – $12,000,000 acquisition of motel property for condominium development and $19,500,000 sale of motel properties and restaurant located in Key West, FL; Orlo Holdings – Acquisition of $40,000,000 Loan and Financing for Multi-Family Apartment Building Located in Southfield, MI. FINANCE TRANSACTIONS: HSBC Bank- $32,500,000 building loan in Washington, D.C.; HSBC Bank- $45,115,000 building loan in Washington, D.C.; HSBC Realty Credit Corporation - $59,100,000 building load in Washington, D.C.; HSBC Bank - $47,900,000 building loan in New York, NY; HSBC Bank - $30,000,000 mixed use property in San Diego, CA. REPRESENTATIVE LEASE TRANSACTIONS - OFFICE: Beyer Blinder Belle, PC – 10,000 square foot lease in Washington, DC; Bean Property Partnership, LLC - 77,000 square foot lease to Regency Furniture in Forestville, MD; Child Trends Incorporated - 28,000 square foot lease in Washington, D.C.; Shirley Highway Distribution Center, LLC - 49,000 square foot lease to Graniser in Alexandria, VA; Simpson, Gumpertz & Heger, Inc. - 12,000 square foot lease in New York, NY; Simpson, Gumpertz & Heger, Inc. - 11,000 square foot lease in Washington, D.C.; Shirley Highway Distribution Center, LLC - 61,000 square foot lease to Ferguson Enterprises, Inc. in Alexandria, VA.