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December 17, 2007

(Well, you can always hope.)

The Ballard Spahr Report:  Do arbitration clauses stick anymore?  Should you bother putting them in your contracts?  What if your project is in Montgomery County, which enacted a law allowing new home buyers to disaffirm arbitration clauses?  The real estate gurus at Ballard Spahr have the answers.  READ MORE HERE


Because he gives great parties!  However, as much as the ladies like to see his mug, we are not going to show it—he’s exceeded his quota.  But this is from Saturday night at Marc’s 7th annual holiday party, starting with cocktails at his house in Falls Church for 130, then by bus to Peking Gourmet for a 7-course feast of kung pao chicken, crispy beef, and basically everything else on the menu.  Above left, Terra Nova Title’s Chris Clarke and wife Tamar, with ING Clarion’s Rob Greer and wife Cindy.  Rob’s a key national portfolio manager who's pretty pleased ING Clarion invested a new $4.5 billion this year across the country.


Also at Marc’s, Lowe’s Harmar Thompson and Sarah Hubbard, with investment sales kings Warren Dahlstrom of Cushman and John Kevill of Jones Lang.  Warren has a lot to celebrate with DeLuca:  The last 12 months, he’s represented him in selling the Lion Building on 20th St. and Reston’s Campus Commons (in progress); and he’s represented sellers to Marc of Springfield’s Metro Park, Fairview Park’s Verizon Tower, and land for 77 K St.  And, speaking of Harmar and Sarah, Warren represents Sam Zell in selling Crystal City’s Jefferson Plaza I and II to Lowe, expected to close in mid-January.


The drinking going on at this party was purely coffee—because it was freezing outside!  We were on hand Saturday at 830 AM for the groundbreaking of a combination fire station and 64 affordable housing units—the such combined building in the U.S.  Centex and Pulte Homes, which own most of the 167 acre Alexandria portion of Potomac Yard (they sold off 13 acres to MRP earlier this year), donated $12M and the land for this purpose.  From left, Fraser Forbes EVP Mark Anstine, Centex VP for Strategic Acquisitions Howard Katz, Walsh Colucci attorney Cathy Puskar, Potomac Yard Development land manager Kevin Hall, Pulte land acquisition manager Jon Lindgren, Centex entitlements manager Steve Collins, and Fraser Forbes CEO Rich Samit.

This is where the fire station will be going.  But in the next few months, Centex and Pulte also hope to break ground on a 16-acre residential portion of the Yard, and (via Fraser Forbes) are looking for a development partner for the remainder, which has concept plan approval for 838 residential units, 1.1M SF of office, and 35K of retail.  Cathy’s been working as the zoning lawyer for Centex and Pulte since they bought the land from Crescent Resources in 2003.  It’s said to be the largest undeveloped parcel of land in urban Northern Virginia.


But its official name is “WorkSpaces, LLC,” the hip host of a party last week at BeBar, to which we flocked with 300 other fun lovers.  But when we got back and started to pick out pictures, we wondered:  Was our camera tilted, or are they?  Maybe they were doing a new dance step called “Leaning Tower”?  Or were they victims of too many apple martinis?  (Random comment:  Have you ever been to the Mystery Spot in Santa Cruz?)  From left, GTM Architects’ Toni Ayres, Giammatteo Architects’ Ralph Giammatteo, and OPX's Allison Billheimer, Karen Laskofski, and Marianne Wilson

Also at WorkSpaces party, SmithGroup’s Melissa Engers, ALKS’ Al Minite, PGAL Architects’ Rebecca Hollins, Skanska’s Brennan McReynolds, GVA Advantis’ Brian Ball, Jr. and Leonard Howell.  Important note: The party was co-hosted by ALKS, Leslie Kaufmann Associates, and Design Products, Inc.

Did you miss the Ballard Spahr Report?  Read here


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