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October 10, 2008
No Problem

A big shout-out to great sponsor Ronald Reagan Building and International Trade Center! They're about to launch a major environmentally-friendly campaign. The "ReSolve" initiative will enable guests to incorporate eco-friendly practices in their meetings at this world-class venue. We're proud to be associated.


We don't actually have any economic data that support the theory of "smooth sailing" ahead in our markets. We just thought for a change of pace (and because it's a Friday, for those of you actually at work), we'd at least try to picture it in our minds.


Ah, doesn't that feel better? Okay, back to reality, but we'll try to ease the transition. We thought we'd start off by telling you about some cool events coming up—don't we all crave human interaction at times like this?

  • Oct 14, 730AM to 5PM: ULI's Second Annual Urban Marketplace, Ronald Reagan Building and International Trade Center. More info.
  • Oct 15, 7-9 AM: Debate between Virginia governor Tim Kaine and former governor George Allen on their parties' environmental and energy policies, moderated by former NBC correspondent Norah O'Donnell, Washington Dulles Airport Marriott, hosted by the Dulles Regional Chamber of Commerce. More info.
  • Oct 15, 1130 to 130 luncheon: State of the Capital Markets panel of experts, Bethesda North Marriott, hosted by Maryland/DC NAIOP. More info.
  • Oct 16, 730-1030 AM: State of the Leasing Market panel of experts, National Press Club, hosted by DCBIA. More info.
  • Oct 16, 630-830 PM: "Developing East of The River," with guest speaker Chris Smith, CEO of William C. Smith, at Reed Smith's DC office, hosted by the African-American Real Estate Professionals.  More info.
  • Oct 17, 530 PM reception, 630 PM wine tasting: with wine critic Michael Franz, hosted by friends of Jubilee low-income housing (like our friend Marc DeLuca), at the offices of the American Gas Association. Which means: great wine, great view of the Capitol, for a great cause. What could be better in these trying times? More info.
  • Nov 8, 630PM to midnight: Builders' Ball, National Building Museum. Yes, this is farther off, but we want to be sure you're getting ready for this great biennial event, chaired by the perennially generous Darrel Rippeteau, that gives proceeds to wonderful local charities. More info.
Artisan Partners

Team Suffolk!

Expansion franchise: That might be the best way to describe Suffolk Construction's entry into the DC market. The New England-based firm opened a DC office in mid-2007 and staffed it with 35 professionals with local DC market experience from other firms. From left, marketing head Susie Kleinman, regional head Reg Arnold (the region stretches from Richmond to Baltimore), head of Federal biz dev Rod Cornell, and commercial biz dev guru Dan Peyton. In just a year, the firm has built a healthy pipeline and, despite the current market, is bullish on DC. The team's excited for next month's delivery of one of its first big projects, Silo Point, a 24-floor mixed use development in Baltimore that includes 228 condos and a 360 view of the city's skyline. As we reported previously, over 50 units have sold in recent weeks—which makes us all feel better.

Bohler Opens House!


Bohler Engineering welcomed friends the other night to their Bowie home. The 13-office civil engineering firm has a number of clients in Prince George's County, including St. John Properties, Petrie Ross Ventures, and Saul Centers. Above: Gilbane's Phil Leach, Bowie office head Dan Duke, PG County's Obie Pinckney, and Bohler's Tom James. Led by Adam Volanth, Bohler now has four offices in the DC region and some high profile projects like Vornado's PNC Center and Monument's Half Street project in the Capitol Riverfront.


We covered the Washington DC Economic Partnership convention center show and lunch in an issue earlier this week (remember the toy cranes?) but we should have run this great picture, too, of our friends Gary Rappaport and Henry Fonvielle (retail development kings and WDCEP board members) with keynote speaker (and new Washington Post publisher) Katherine Weymouth and WDCEP president Steve Moore. They all do important work keeping Washington a bustling town, even in this down economy—so we all can't thank you enough. Don't stop now!

Nice Vultures!

Cashing in on city foreclosures are Urban Investment Partners' Lada Whisler, Stephen Cox, David Yampolsky, Heath Wilkinson, Peter J. Bonnell, Michael Denis, Steve Schwat, Jennifer Harvey, Chris Heisey, and Wout Coster. This was on the roof of the Absecon, a 21-unit rental apartment building at 1706 T Street NW in Dupont Circle/Adams Morgan, which Adams Bank foreclosed on a year ago. The building had 60-year old stoves, holes in the walls and ceilings, and a leaking steam heating system. It will be gutted and renovated by June '09 to 24 units with what UIP calls "condo-level finishes" like wood cabinets, granite countertops, central HVAC, and wireless broadband. 


Reznick Group
Trammell Crow
Builders' Ball
Patriot Contracting
Beveridge & Diamond
Arnold & Porter
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