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November 24, 2008

Congrats to our friend Kristina Bouweiri, CEO of Reston Limo, who just got the prestigious Community Service Award at the nation's largest limousine show in Atlantic City. Kristina, whose firm has a fleet of 130 vehicles, each year provides over $150,000 in cash and services to numerous charities in the region. Thank you, Kristina.


On Friday, Boston Properties inked a deal with Microsoft’s federal office to move across Wisconsin Ave. from Chevy Chase Pavilion and lease five floors at glistening new Wisconsin Place. The 11 story, 350k SF office building is now 91% committed six months before it even opens. Half of that is the glamour tenant from Redmond, half will be the new HQ for Capital Source, also moving from across the street (Willard on the north). Thus validating BP’s marketing claim: It’s a great location.  


Boston Properties’ Jim Hart (co-project manager with Rich Ellis) and project leasing chief Anne DuMont braved winds and flurries Friday so we could have this backdrop. Directly behind them juts out part of the 100k retail on the site, with the office building on the right and Archstone Smith’s 480K SF, 432-unit residential complex to its side if you squint through the parapet (sales office opens next month). Unseen: The Bloomies that’s been open a year, and 1750 underground parking spaces. New England Development, handling the retail, has signed Redstone Grill, Whole Foods, Talbots, Cole Haan, Sephora, The Tasting Room (John Kent Cooke’s wine store), and Giggle’s kids store. And for blustery days like above, Friendship Heights Metro is getting another exit right into their parking lot.

Exotic Stones


We dropped by an informal Grubb & Ellis dinner at BLT the other night, where a bunch of vets and a couple newbies were shooting the breeze (another word might have been used) about current conditions and the future. Since it was off the record, we can’t just come out and tell you who was there, but some of the last names we noticed were Gichner, Berkman, Nulsen, Gewirz, Cheek, Darby, Ley, McNair, Vietor, Ko, McGloon, Brody, Lipton, Gewirz, Shiff, Stewart, Cheek, Milkovich, Eshelman, and Widle.


Not too soon to be doing tax planning for the new Democratic era. Reznick late last week hosted a breakfast: “After The Election – Now What?” exploring possible income, gift and estate tax law changes, reducing expenses in difficult economic times, and maximizing benefits of existing tax law and recent changes. Above, Reznick’s Tom Nice, Dave Reznick, Craig Birmingham, and Richard Greene all took their turns prognosticating. When Tom began to discuss Obama’s plans to raise capital gains to 20% for couples making over $250,000, Dave asked, “Do we still have to look at capital gains after looking at the stock market?” Tom predicted that any tax increase would only be made effective several months after enactment because it provides a motive and window for people to sell assets before the tax, generating needed cash for Treasury.


We snapped this last week, at the Best Buddies’ “Life is Sweet” event in Tysons, of HITT’s Steve Mutty and wife Maryanne with 93-year old Sargent Shriver (you know, Maria’s father, Arnold’s father-in-law, Peace Corps co-founder, McGovern running mate, JFK brother-in-law). Sarge’s son Anthony founded Best Buddies. The other star in the picture, Steve, recently joined our friends at HITT after 20 years in commercial brokerage; he’s heading up base building and healthcare/biotech biz dev. He conceived the Life is Sweet event several years ago because he trained as a professional chef and has an “incurable sweet tooth.” This year it featured former White House pastry chef Roland Mesnier and about 30 other famous chefs of the region like Michel Richard of Citronelle and Cathal Armstrong of Eve.


CBRE donated several state of the art Wii Fun Centers to Children's Hospital as a way to ease the pain of a hospitalization. Above, Brenda Shepherd-Vernon of Children's Hospital and CBRE's Kathleen Thompson, with a patient whom we presume is looking skeptically at the cameraman, not the Fun Center. Capital Markets EVPs Joe Donato and Maury Zanoff were among CB officials who made the donations, matched by Wii-maker Nintendo.  

Reznick Group
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