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October 19, 2007



Big shout-out to new sponsor Next Realty. With a portfolio valued at more than $250M, it's seeking to acquire shopping centers, parking garages and land for development. Bring them your deals!

For those who think he just lives in the City by the Bay, there was Victor MacFarlane at the Washington Hilton Wednesday night as co-chair and major benefactor of Southeastern University’s 8th Annual Gala, raising money for student services and scholarships. 

Our own Elliott had his camera  when he ran into the rising real estate powerhouse together with our friend Charlene Drew Jarvis, the school’s president.  The fundraiser mandated funny speeches—don’t you wish all dinners were like this?

No, this is not some promotional picture from a slick brochure.  This was taken yesterday morning by our own Stacey Pfarr—lining up all these distinguished panelists before they sat down for DCBIA’s breakfast seminar at The National Press Club. Nuggets: 2007 building sales will be down from 2006 by 10-25%, but prices are holding up for the best properties in the best locations; it’s just that there are 15 buyers instead of 20. But disagreement about whether the environment will be better in 08:  Some say costs of capital will bring prices down, others that there will be more money looking for deals again as investors rebalance portfolios.  From left, HFF’s Mark Remington, Lowe Enterprises’ Mike Balaban, Tishman Speyer’s Brian Berry, City Administrator Dan Tangherlini, MRP’s Bob Murphy, Cassidy’s Jayne Shister, Boston Properties’ Tom O’Connor, and BlackRock’s John Lamb (down from Boston).

Also at DCBIA, Gensler’s Gigi Webb, Grunley’s Joel Zingeser, Washington Gas’ Pio Scarano, and Perkins + Will’s Cathy Falwell.  Grunley just broke ground for the renovation of historic FDA Building One out in White Oaks on Wednesday. 

Trying not to break our pattern of getting free meals all yesterday, we did lunch at 1331 L Street with 50 brokers looking at the new 170k SF Mortgage Bankers building, about to top out.  The 15th largest trade association will occupy the first four floors above retail and wants to lease the top five to others.  Association CEO Jonathan Kempner, in between his broker Michael Boland and his architect Andy Rollman of SmithGroup, said he insisted on designing it for silver (maybe even gold) LEED certification.  Why?  Bono and Richard Branson were the speakers at their recent convention and talked about the importance of the environment.  And his wife was also adamant at the dinner table, Jonathan admitted.       

Don’t forget:  Today’s the last day to register for the October 24th CREW awards night honoring Studley’s Lois Zambo, SmithGroup’s Elaine Gray, Gensler’s Diane Hoskins, Akridge’s Jamie Calabrese, and Monument’s Natasha Stancill.  Here’s our own Stacey Pfarr—CREW’s newest member!—with 2008 president Helen Haerle of Quadrangle, current prez Kathy Allgier of JLL, and 2008 president-elect Jeanne LaBelle of LandAmerica, having an impressively light meal at Butterfield 9.  But we’re getting nervous about the awards night, because our drink-mixing skills will be put to a very public test:  Ordinarily Fearless Leader Mark Bisnow has been tapped as a celebrity bartender along with Cassidy’s Bill Collins, Boston Properties’ Ray Ritchey, Douglas Development’s Douglas Jemal, Jones Lang’s Trip Howell, and Monument’s Michael Darby.  Evidently the only qualification for this honor is having a two-syllable last name.  


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