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July 24, 2008

Join our friends at WorkSpaces, LLC & Skanska on REET, the Real Estate Endurance Team, a group of real estate, architecture, and legal professionals that will compete in upcoming endurance events to raise money for charity.  A great way to network, get in shape, and support great causes.  Included: a 3-month membership at Results. Contact Khalid Itum or Brennan McReynolds for more info.


Wow, that title's quite a pitch, but apparently it's for real. In February, Philly-based Pew Charitable Trusts purchased a 10-story new regional headquarters at 901 E Street, taking the top four floors for itself. But because they're a 501(c)(3), they intend to lease the remaining 125k SF to other non-profits. That means space that might normally go for $60 SF full-service has been marked down to $52. That also means their brokers phones have been ringing off the hook.


Cresa Partners' Matt Feeney, center, who's Pew's global real estate adviser, says he's has heard from 100 prospects in the last month. Cambridge's Ben Eldridge and Thomas Anderson, who act as landlord brokers, say they couldn't begin to imagine the level of interest they've seen. They also represented seller UBS and have continued on to oversee leasing and management. 


Nonetheless, taking no chances, in case some of you out there might also be interested, the three amigos show us the roof deck views overlooking the Portrait Gallery and Verizon Center. Ben tells us 901 was originally built by Quadrangle in '89 and became pigeonholed as a GSA building.  However, in '05, UBS hired Cambridge to reposition the building. Last year they oversaw renovations of the lobbies, entryways, and elevators. Now they await the installation of a brand new HVAC system, including VAV's and controls, which should be in by February. Pew also plans to LEED-certify the building, and is in the process of having Rand complete a gold interior build-out in addition to other upgrades like adding a Gensler-designed 5-story glass atrium on the front.


Okay, we know we've given you saturation coverage of the Kastles, and you wouldn't mind our laying off, but, hey, can't we make a little exception for last night's appearance by Anna Kournikova? The skies opened up and everyone eventually got drenched, and Anna never actually got onto the court to play, but she did walk around with a racket looking like she was ready, so being dutiful paparazzi, we took a picture.


And we know we've also told you recently about Clark's Keith Barker, left, but can't we make another exception—his wife's due for their first baby...two days ago! Meantime, as Clark's head of sales, he's busy on Constitution Square in NoMa for Stonebridge and PN Hoffman. With him above: Clark biz dev head Cameron Chesnik, right, and Davis Carter Scott's Jennifer Organsky and Robert Atkinson


And here we have some submitted photos from friends showing their summer idylls. George Mason and Cardinal Bank economic guru Steve Fuller is getting his sailing fix: Above, he and John Kurtz (formerly with Charles E. Smith) on Steve's annual voyage from Annapolis to Georgetown Island, ME.  The non-stop sail on the Hinckley 43' took them 92 hours (although they allowed a 3-hour pit stop at Block Island for a fresh swordfish dinner). Steve tells us he's going back up to Maine in August for yet more sailing. He says the economy, specifically the high price of diesel fuel ($5.56/gallon), has affected the amount of power boats on the water; he's had most of the good anchorages to himself. Of course, he's paid in those high prices for the privilege.


My gosh, is that an overcoat on  Meridian Group EVP Bruce Lane, who was checking out Moscow's Red Square on his recent trip to Russia? Maybe he had to look formal: He had a meeting with the foreign minister and went later in the trip met the president of Latvia. Just a little sideline besides figuring out real estate around the Bethesda Metro.  


We don't think Mount Vernon Triangle CID Director Bill McLeod is on artificial hormones, but evidently just snapped this at the Funhouse at Ocean City. As for genuine magic, Bill says 5th Street Ace Hardware in City Vista is open and already doing great.



The NoVa Associated Builders and Contractors Branding Committee (including Hinge's Sylvia Montgomery, ECS' Tracy Allen, Suffolk Construction's Susie Kleinman, ECS' Tara Connell, ABC-VA's Angie Lynd and Lindsay Minard, Turner's Julie Mock, BE&K's Kelley Milloy, R.W. Murray's Laura Wilkinson, and TRINITY Group Construction's Stephanie Williamson) celebrated the launch of a new magazine, Commonwealth Contractor, the other day at The Peterson Companies' Fairfax office. The marketing mavens tell is they worked on the ideas, planning, and proofreading for the quarterly, so you may note they're holding up celebratory drinks.

Cassidy Pinkard
GVA Advantis
Total Engineering
Arnold & Porter
Hickok Cole
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