Chevy Chase, MD — The JBG Companies commercial management team received top honors at The Apartment and Office Building Association of Metropolitan Washington (AOBA)’s 33rd Annual TOBY (The Outstanding Building of the Year) Awards. For their management of the United States Department of Transportation Headquarters, JBG won for the category of over 1,000,000 s/f and received the Grand Award for the highest score of all TOBY entrants in the competition. As the only cabinet-leve
ALEXANDRIA, VA — Savills Studley, the global commercial real estate firm announced that its long-time client, the Institute for Defense Analyses (IDA), recently acquired a 370,000 s/f site for future development located at 701 East Glebe Rd. in Alexandria. The site is one block from the future Potomac Yard Metro Station.
“IDA is very excited to have acquired land in the up-and-coming mixed-use Potomac Yard area,” said IDA’s treasurer and director of finance Dean Graves. “The
WASHINGTON, DC — Holliday Fenoglio Fowler, LP (HFF) announced that it has arranged $32 million in financing for Kennedy Row, a 141-unit, class A multi-housing property in Washington, DC’s Capitol Hill neighborhood.
HFF worked on behalf of the borrower, a joint venture between TRITEC Real Estate Company and The JBG Companies, to place the seven-year, floating-rate loan with HSBC Bank. Loan proceeds were used to refinance existing construction debt on the property. Kennedy Row