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January 18, 2008



Sponsor Update: GVA Advantis represented Regent Univ. in the sale of 1650 Diagonal Rd in Old Town to the American Academy of Otolaryngology.  The 28k SF, class A office building went for $10.2M.  Congrats!


Just like the mail carriers, snow doesn’t stop us from our appointed rounds.  (Or is that a myth about them?)


First thing last night we stopped by the National Building Museum where 100 braved the weather to hear from legendary modernist I.M. Pei (Louvre pyramid, National Gallery East Wing), here with curator of architecture and design Barry Bergdoll of the Met.  They and Pei’s wife Eileen spoke about the significance of 20th century architectural titan Marcel Breuer (1902-81), on the occasion of an exhibition opening about his life and work.    



After leaving the lecture, we headed across the river to the Waterview (which incidentally is a Pei Cobb Freed-designed building) for the grand opening of Hotel Palomar.  More than 600 got a peek at the green, pet-friendly boutique property, now one of 11 locally in the “anti-humdrum” Kimpton chain.  Above, Kimpton’s Ron Sheldon, Hotel GM Sholeh Kia, and JBG’s Ed Kopp at the Domaso restaurant bar.  It’s a busy time for Ron:  Kimpton is opening the new Hotel Monaco in Old Town on Monday. 


The JBG Waterview team was out in force, but not resting on their laurels now that the Waterview is finished.  Kathleen Webb told us they’re going to continue the “Rosslyn Renaissance” with JBG’s Central Place on N. Lynn and Wilson.  Ground breaks this summer on the 390-ft.-tall tower, which includes 500k SF of office, 400 residential units, 45k SF of retail, and a public observation deck.  


On Wednesday, we squeezed into a packed ballroom for CREW DC’s “State of the Market” luncheon at the Capital Hilton.  Helping out as speakers, Grubb & Ellis' Sandy Weiss, Abdo Development’s Eric Price, GSA Assistant Regional Administrator Bart Bush, and Vornado’s Brendan Owen, back row, join CREW 2008 president Helen Haerle of Quadrangle and event organizer Ashley Blum of G&E.  Eric got laughs when he told the crowd he was apprehensive about being a stand-in for Jim Abdo, but once he found out that 250 women were going to be there he was able to overcome his concern. Bart was a popular guy post-presentation after he let everyone know GSA is in the market for 7M SF of prospectus level space in 2008.  Sandy said there is a discrepancy between tenant expectation and reality; “tenants read the newspaper and think the sky is falling,” but then see rock bottom prices just aren’t happening here.  

Reznick Group
Arent Fox
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