Well, technically, Beacon’s bought and sold properties here for decades, but not until Cassidy & Pinkard celebrated them Thursday night on the Hay Adams rooftop did their Washington presence seem quite so official—overlooking the lit-up White House and Washington Monument. Over 150 guests gathered for what felt like a swank LA Oscar gala (complete with I Touch swag bag), letting tenant reps know they’re committed to top quality service and letting sellers know they’re raising a multi-billion new fund to buy more.
Local head Jeff Kovach, left, with colleagues Karen Gentry and Brigitte Esau, was joined by East Coast head Gregg Popkin and West Coast head Jeremy Fletcher. DC’s Beacon portfolio consists of 5.8M SF, mainly the Equity portfolio snagged from Blackstone earlier this year, which includes such trophies as Market Square, Lafayette Center, the Army Navy Club building, and much of Reston Town Center, plus a couple pre-existing assets like 1350 I and 1735 North Lynn in Arlington. The Boston-based Beacon has about 30M SF total. One additional piece of real estate Gregg wouldn’t mind acquiring: Castle Orsini in Italy where he was a guest at a friend’s wedding last week.
Cassidy guns Bill Collins, Shelley Radomski, Bob Pinkard, Joe Stettinius, and Scott Killie. Bob is off to Sonoma this week, causing him to observe that the DC Beacon portfolio is like a fine wine, getting better with age. Cassidy is managing the Beacon properties here.
Transwestern’s Jackie Raff is the rose between the…well, let’s just say our friends Larry Bank and Pat Nalls from Newmark. Jackie is not merely a tenant rep specialist, but as of last month, a certified “sculler” following a week long course at Thompson Boat House. And she’s modest. Those who know her will tell you that five years ago studying art history in Europe, she sky dived out of a helicopter 15,000 feet above the Swiss Alps. No kidding.
At this morning's CPN Conference, from left, Cassidy's Philip Thomas, Brookfield's Paul Schulman, Vonado/Charles E. Smith's Brendan Owens, Newmark's Pat Nalls, and Studley's Tom Fulcher. Notes from this morning's conference.