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Bisnow (RawSpace-Crowd) LEADER

The Trophies Keep on Coming

Moseley Construction is a world-class "customer first" construction firm. It specializes in multifamily projects, both new and renovated. Find out more here.

The office sector may be sluggish in general, but high-end offerings keep on coming—and seem popular. Once the site where presidential candidate Herman Cain held court as head of the National Restaurant Association, 1200 17th St has officially delivered. Last night, we stopped by to see what owners Akridge and Mitsui Fudosan are calling "a jewel box."

On the building's rooftop, we snapped (top) Akridge's Wil Pace and Ben Meisel and (bottom) Akridge's Mike Gill and Greg Tomasso flanking Mitsui Fudosan America's Keith Purcell taking a break from a party downstairs showing off the building to 250 brokers. If the event had been scheduled a few days ago, it might not have taken place—the certificate of occupancy just arrived Monday. Law firm Pillsbury will move into 60% of the building by the end of the year, but Keith tells us the partners likely would have gone ahead on spec had a commitment not been secured before breaking ground.

Urban Igloo (Renters) MDCRE

There were many wrinkles in getting the building off the ground. Akridge and original partner First Potomac bought the previous building in 2011 for $40M. Mitsui bought out First Potomac's stake in late 2012, the building was demo-ed, and ground was broken. But last spring, a water main break on 17th Street caused a massive flood of the entire job site, which Akridge prez Matt Klein says turned it into "the biggest swimming pool in the Mid-Atlantic." Thankfully, the leak didn't cause any major damage.

CohnReznick (Field) MDCRE

The building's on track for LEED Platinum, says Ben (who joked that it was the first time he'd been through the building without a hard hat). There's an additional 45k SF of unencumbered space available.

WGas (Blue) MDCRE

Ben and Greg, in charge of leasing 1200 17th, were mum on groups that have been through the available space. (Here's a look at the column-free setup. Perfect for any tenant, unless you're the US Parthenon Lovers Association or a Greek yogurt company.)

Lerner (Fallgrove4) RDCRE
Fidelity National (Get-to-know) DC
Society for MP (ThankYou) DCRE
BMS (CitySpecific2) DC
AHA (HeartWalk-Nov8) DCRE

Breaking News:
Venable Makes 600 Mass Move Official

As the Post just reported, law firm Venable will today make its long-rumored move to Gould Property Co and Oxford Properties' 600 Massachusetts Ave official. (We snapped Kingdon Gould III tossing the bocce around with some Venable lawyers at the building's groundbreaking earlier this summer—do you think they were playing for lease concessions?) Venable, moving from 575 Seventh St in Chinatown, will occupy about 245k SF and move in Q1 '17.

DFS Construct (NelsonMullins)

Gensler's Game Changer

Jordan Goldstein and Jared Krieger, of Gensler's DC office, designed the stunning new addition to the Tysons skyline—Tysons Tower. The 550k SF tower features astounding panoramic views from every direction, as it rises above the Beltway to become—at 22 stories—the tallest office building in Tysons Corner. It's Silver Line accessible and has unparalleled amenities that are walkable, including shopping at Tysons Corner Center (available via an elevated plaza), several dining options, a financial center, and a Hyatt Regency. This true live/work/play environment has changed the very nature of Tysons and led to the superior leasability of Tysons Tower, which features Intelsat and Deloitte as tenants. Leasing opportunities are still available. For more info on Gensler, click here. Find out more about Tysons Tower here.

Another Downtown Rehab:
1800 K to Get Makeover

RREEF just announced it's putting $40M into transforming the 217k SF 1800 K Street into a glass-wrapped, trophy building. CBRE's Scott Frankel, who's marketing the available space at 1800 K with colleagues Andrew Felber, Mark Klug, and Max Friedman, says employing a central core into 1800 K's 20k SF floor plates will aid in enticing law firms and other large users, and that other new features like a street-grade lobby and new rooftop terrace will "satisfy the needs of today's new workplace strategy concepts." (Confirming our theory that Millennials care more about the roof under their feet than the one over their head.)

The signature "1800" sign that once adorned the building's corner will be removed for new floor-to-ceiling windows, and the building's street-level retail frontage will get revamped. A new glass facade will be placed on the entire exterior, too.

WGas (Mei Lee)
Bialek (Sept23) DCRE

Bill Alsup to Receive ULI Honor

Kudos to Hines local chief Bill Alsup, who will receive ULI Washington's annual Lifetime Achievement Award at the org's annual gala Nov. 5 at the National Building Museum. In 30-plus years as the head of Hines' DC office, Bill's led the development of over 5M SF of office and mixed-use, including the just-delivered CityCenter, Columbia Square, and soon, the redevelopment of the Walter Reed campus. 

Moseley (Difference3) DCRE

Help Wanted

Bisnow is seeking a fearless, DC-based sales and business development ace (7-plus years of sales experience please). You'll be tapping into the $11 trillion commercial real estate industry and rep its largest platform of news and events in North America. Here's the army standing behind you: 75 employees producing digital news and information, which is religiously followed by 500k commercial real estate subscribers in 25 markets; over 60,000 powerful executives attend our 250 annual events and they'll want to talk to you. That equates to some serious sales potential; only those who think this is a piece of cake need apply. Send your resume and a letter stating how you research prospects, handle objections, and build relationships to matt.black@bisnow.com.


Debt: can't live with it, can't live without it. Our latest Bisnow Education video, Debt, explains how an empty pocket can feel so full (or can burn an unrepairable hole). Whereas acquiring debt can leverage you into superstardom, it can also implode your property dreams if you don't respect your foe. Peter Linneman, Wharton's real estate program founder and chairman, shows you how to play the debt game by mastering the subtleties and nuances of building your empire with other people's money. Topics include:

  • How Much Debt Do I Need?
  • Swaps, Interest Rates, Cycles, and When to Refinance
  • Types of Debt
  • Leveraging Debt
  • And perhaps best of all, Juicing Returns 

This is video No. 6 in our hugely popular educational series, with more to come. Purchase it for your staff, for your training classes, or for your own personal dreams of conquest. Peter makes it easy so that you can watch it anytime/anywhere and digest the information in bite-sized, five-minute spoonfuls (watch a sample here). It's available to Bisnow readers for only $99, or purchase all six videos for $499. Order yours here, and for training program group licenses, email Will Friend at will@bisnow.com.

Bisnow (video-debt)

Bisnow's DC
State of Office Event
Sept. 23

It's no secret that office space in Washington is changing dramatically. From tricked-out interiors to futuristic exterior designs, the days of cube farms, boring concrete, and Brutalist looks are gone. But who will move into the newer buildings? You'll hear about all that and more at Bisnow's third annual DC State of Office event on Sept. 23 at the Mayflower, featuring a slew of DC's biggest office owners and brokers. Among other speakers, Brookfield Office Properties' Dave Bevirt will weigh in on the firm's 2001 M redevelopment, and Carr Properties chief Oliver Carr III will cover his firm's office acquisition wave. Top designers and brokers will also be on hand. Click here for more info.

Bisnow DC Restaurant Summit
Sept. 29

It seems as if we're in a platinum age of the DC dining scene, as big-name chefs and mixologists both homegrown and nationally are opening up new concepts by the day. It's why we're assembling many of those culinary virtuosos—as well as the brokers, bankers, and designers who make their spaces possible—at our 4th annual DC Restaurant Summit Sept. 29th at The Hamilton Live on 14th Street. We'll feature remarks from Cava Mezze Grill founder Brett Schulman, Busboys & Poets founder Andy Shallal, and DC Brau CEO Brandon Skall, among others, as well as superbrokers Dave Dochter of Cushman & Wakefield and Bill Miller of Miller Walker Retail Real Estate. It's an afternoon event, and one of our signature Schmoozarama networking frenzies will follow the panels. Sign up here.

Baseball fever is about to hit the region. Congrats to the Nats and O's. Email chris.baird@bisnow.com



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