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May 21, 2008

Our friends at sponsor Cassidy & Pinkard have announced the appointment of Bert Harrell as their Industrial Practice Leader. With 20 years of industrial real estate experience, he was a top producer at CBRE prior to joining Cassidy. Congrats!


Is a city once derided as a sleepy government town now the cynosure of modern architecture? That's what it seemed last night as famed NY architect Tom Phifer came down to celebrate (and be celebrated for) the completion of his first DC project, Tishman Speyer's 1099 New York Avenue. While the world talks about future development plans for the sprawling Old Convention Center site across the street, one by one new trophies are arising at its northern edge on NY Ave. 1099 joins a pantheon of new Washington showplaces: Kevin Roche's 1101 New York (Louis Dreyfus), IM Pei's 1200 New York (AAAS), and Norman Foster's City Center (Hines/Archstone). Among 1099's pioneering features: "shingled glass" (see picture #4 below).


Proud parents welcoming 250 guests last night to their newest building: Tishman Speyer managing director of leasing Dan Dooley and regional co-managing directors Jim Evans and Brian Berry. Even before acquiring the Carr portfolio, TS bought the 17,500 SF site in 2004 that was winding up 25 years of service as a Hertz rent-a-car garage, then broke ground two years ago. Out of the gate it landed anchor tenant Jenner & Block for 86k of the 175k SF; Jenner moves in this weekend (buildout by Rand). Retail will include a BB&T branch on NY Ave; a 5k retail space remains available on 11th.


Architect Tom Phifer, second from right, wouldn't need a nametag in New York. With him, TS project manager Cynthia Bowden, "Sous Architect" (our term) Steve Dayton, and contractor Jim Davis, whose company did the base building construction. Cynthia was a Skidmore Owings architect in DC for for 10 years who came to know TS in working on their One Metro Center in 2003, and joined in 2006. She's spent the two years since managing design and construction for 1099. That's Matthew Ritchey backlit modern artwork behind them.


This is our photo last night of 1099 taken from across New York Ave. and 11th St. The 11-story building features floor to ceiling glass, column-free floor plates, and a minimalistic all-white lobby. Other cool features: an expansive rooftop terrace with an all-glass parapet and views of the Capitol and Washington Monument; and a state-of-the- art fitness center also full of headphones and flat screens.


This is the first DC appearance of shingled glass: The sloping panes overlap each other vertically and horizontally, making for an even more dramatic exterior than typical all-glass facades. TS owns 36 buildings in the region, including four new ones done in the last 12 months: 1099 is the latest (others are Woodland Pointe on the Toll Road as VW's North American headquarters, and the two buildings of Plaza East in Westfield Corporate Center). It's also building from scratch 1100 First Street in NOMA.



LCOR yesterday opened its 18-story Wentworth House: 312 small luxury apartments that represent the first building of North Bethesda Center, a 32-acre $850M ongoing development near the White Flint Metro station. The ground floor will be largest Harris Teeter in Maryland and the roof has a garden arrangement to absorb rainwater that would otherwise run off the building. The overall project is the largest joint development between Metro and a private developer; LCOR nationally has done 20k residential units and 16M SF of commercial, and has worked in Montgomery County 30 years.



Our friends at Cardinal Bank don't just take deposits and make loans; they're active benefactors in the community. This week was their sixth annual golf and tennis charity event at the Country Club of Fairfax, which in total have raised over $1.5 million for the Inova Kellar Center. From left, presenting their latest check, the Cardinal Bank KC Cardinal, president Kevin Reynolds, CEO Bernard Clineburg, Kellar Center Director Rick Leichtweis, and Wizards sportscaster Steve Buckhantz.



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