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The largest commercial real estate publication in the United States.
   
December 1, 2011  
 
 
 
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BISNOW EXCLUSIVE:
ANNOUNCEMENT AT
NATIONAL HARBOR

Next week: Bisnow's Multifamily Summit. Harbor Group CEO Jordan Slone, CBRE vice chairman Bill Roohan, and many more. Wed. Dec 7 at the Mayflower. Sign up today!

 
This afternoon The Peterson Cos unveiled plans for a cool new 140k SF office building at National Harbor. Anyone got a lead tenant?
 
The Peterson Companies, Jon Peterson, Howard Jensen
Peterson Cos scion Jon Peterson (right, with colleague Howard Jensen) tells us his company looks to land a 40k SF or 50k SF tenant before starting construction. Delivery should take about 12 months, he says, and it can accommodate expanded floorplates if necessary—Jon says the site can go as big as 175k SF. JVing with a tenant to build the office is a possibility, but Peterson says it intends to evaluate all financing options.
 
Penzance Mini2
A rendering of the building, 125 Waterfront St. National Harbor has typically attracted office tenants from the Alexandria, Crystal City, and Capitol Hill submarkets, Jon says, and its biggest user is Democracy Data at 30k SF. 125 Waterfront will also have 7,000 SF of retail space and a waterfront restaurant.
Prince George's County Economic Development, Aubrey Thagard
Prince George's Economic Development's Aubrey Thagard tells us the county's $50M economic development incentive fund goes into use next quarter. He's disappointed that Disney has decided against coming to National Harbor, but says it's becoming a tourist destination anyway: 250,000 people are expected to visit the Gaylord's Ice exhibit through the first week of January, and 20,000 are participating in the Hot Chocolate 15K there this weekend.

Bisnow
CORNRICH GOES TO CRESA
 
CresaPartners, Gary Stein, Brian Cornrich
Bisnow has learned that Brian Cornrich, formerly of JLL, has joined CresaPartners as a principal. (Here he is, left, with Cresa's Gary Stein.) He's the tenth person to join the firm this year (yes, you read it right: they're hiring) and says he'll miss everyone at Jones Lang. Some of his most notable clients: CNN, the Natural Resource Defense Council, and ICF International.

Bisnow
'TIS THE SEASON FOR TEAMWORK
 
WRIT and Trammell Crow are JVing to build a $95M, 270-unit apartment complex near Braddock Gateway in Alexandria. Construction at the one-acre site, located at First and Fayette Streets, starts in Q4 2012, with delivery two years later. WRIT is contributing 95% equity, and president Skip McKenzie says the REIT has 430 apartments in its pipeline.

35 UNDER 35
 
Monday Properties, Scott Egarian
Our list of the 35 most influential Washington real estate-ers under 35 continues. Monday Properties' Scott Egarian isn't 5,000 feet tall, but he's certainly an up-and-coming giant. He spent two years at Monday's NY HQ before coming to DC to reposition the firm's 125k SF Arlington retail portfolio. Since making the move, he's done 44k SF in deals with tenants like Roti and CVS, as well as 745k SF in office leases. He's also chairman of the Rosslyn BID's retail task force.
 
Eastdil Secured, Sean McDermott
Here's Eastdil Secured's Sean McDermott (with his dad and brothers) on vacation to canoe the Missouri River in Montana. When not braving raging rapids, he's heroically working the DC investment sales market—notable projects include the Homer Building, 733 10th St, 1100 17th St, and 1100 First St. What takes up most of his energy, though, is keeping up with his son, who just started to
walk
. (Sean describes him as "high energy" and "fearless.")

Bisnow
FACES IN THE CROWD
 
Kling Solutions, Pascal Pittman, Aerotek, Brooke Gaston, CRE Consulting, Steve Mutty
This week at our BRAC event, Kling Stubbins' Pascal Pittman (in between Aerotek's Brooke Gaston and CRE Consulting's Steve Mutty) told us his office did design work on the National Geospatial-Intelligence Agency's new 2.5M SF HQ, as well as with the FDA consolidation at White Oak. On his plate now: the 330k SF Metro Park VI office in Springfield for ING Clarion.
 
Kent Commercial, Kay Chewning, Cushman & Wakefield, John Skolnik, RQ Construction, Christiana Lyons
Kent Commercial's Kay Chewning, C&W's John Skolnik, and RQ Construction's Christiana Lyons. Christiana tells us her company recently began design a $28.9M design-build contract awarded to URS for a 150-room barracks at Quantico. (You think FBI agents sleep on bunk beds? This and more in our new book: Questions That Keep Nobody Up At Night.) Construction is expected to start early next year.
 
Marriott's Jeff Bruce, Residence Inn Old Town South at Carlyle's Erin Parnell, and the Courtyard Alexandria Pentagon South's John Lamkin
Marriott's Jeff Bruce, Residence Inn Old Town South at Carlyle's Erin Parnell, and the Courtyard Alexandria Pentagon South's John Lamkin. The best way to attract military guests (just like everyone else): freebies, John says.
 
GMU Center for Regional Analysis, John McClain, Automenity, Gus Bessalel, Virginia Commons, Carmine Mendicino
The GMU Center for Regional Analysis' John McClain (Steve Fuller isn't the only guy who works there) with Automenity's Gus Bessalel, and Virginia Commons' Carmine Mendicino. John tells us the program has been a net zero in terms of population impact. DC is a transient city, he says, and the number of people moving in is canceled by those leaving (approximately). Of course, while those entering come with stars in their eyes, those leaving often do it in handcuffs.
 
What are your #CRE predictions for 2012? Tweet 'em to @mikeleonbisnow. (If you can't tell a retweet from a "like" on Facebook, you can email him here.)
 
 
 
Reznick Tile2 DCRE
 
Penzance (New1500Wilson)
 
Red Coats DCRE
 
Porcelanosa (Moved) DCRE
 
Eagle Bank DCRE
 
G&S (Location) DCRE
 
Cassidy (Discover) DCRE
 
Bisnow Events3
 
Current (Celebrate) DCRE
 
Cleaners (Clean.Green)
 
Bisnow Puppy MDCRE
 
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