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January 15, 2010  
 
 
MORE BOOZ IN MOCO

CREW DC welcomes former CNBC Chief Economist and co-host of Squawk Box, Marci Rossell, to its Jan 19 luncheon. Come hear a fascinating "Roadmap to Economic Recovery." More info

 
Booz Allen Hamilton just signed on for triple its original lease at One Preserve Parkway in Rockville, and with 50 acres of developable land left at the site, owner Boston Properties is poised and ready to add four more office buildings.
 
BP’s Anne Dumont and Damona Strautmanis

We snapped BP’s Anne Dumont and Damona Strautmanis at the 183k SF Class A office building where Booz will be taking 85k SF on floors 2-5. Designed by HOK Architects with GC Bovis, it delivered in March ’08 just as the economy turned south, making it tough to find tenants. It's now 72% leased. That sounds pretty good to us.

 
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BP bought the 84-acres of land, now known as the Preserve at Tower Oaks, from the Tower Company back in 1998. This is the view from the 6th floor, which still has 12k SF of available space.

 
CREW (Jan 19) - in-text o
 

TYSONS SALE FALLS THROUGH
 
Jerry Halpin

We snapped these pics of legendary Jerry Halpin in November '07 for a profile piece called " Titan of Tysons." Sorry to report, but plans for an investment group to purchase 142 acres in Tysons Corner from WestGroup fell through—putting an end to what would have been one of the largest regional property sales in recent memory. As reported this morning in the Washington Post, WestGroup signed a contract six months ago with a group led by Robert Pence, president of Pence-Friedel, as part of Jerry's effort to sell off his portfolio. The deal fell through due to a lack of financing.

 
Jerry Halpin

WestGroup developed over 13M SF of office, retail, and residential over the last four decades and continues to reign as Tysons largest land owner. Jerry says he still believes opportunities in Tysons will attract investors despite the failed sale.


GOLD ON THE HORIZON
 
The Floridian

We snapped The Floridian at 919 and 929 Florida Ave, NW yesterday after it was purchased by Bethesda-based Goldstar Group and its recently created financial division Metropolis Capital Finance. The 118-unit luxury condo building sold for $31.8M just four weeks after Bank of America filed a notice of foreclosure. The group says it has the funds in place to purchase many more commercial projects as the year continues.


CELEBRATING WITH LEO A DALY

 
Leo Daly III and Alan Feltoon present award to Aram Kailian (center)

Architecture, engineering, planning, and interior design firm Leo A Daly kicked off the New Year with a deferred holiday party at Sesto Senso this week. Leo Daly III and Alan Feltoon were on hand to present DC’s federal market leader Aram Kailian (center) with the Director’s Award. Before joining the firm, Aram worked for the DC Office of Property Management, where he was responsible for more than 1M SF of proposed capital construction.


DON'T MISS OUR NEXT EVENT!
 

January 19 - Tuesday - Bisnow Breakfast & Schmooze - Hot Topics in MoCo: Multifamily and single family development, finance, and leasing. Woodmont Country Club. Info

 
 
 
Reznick (We know)
 
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