If you don't see images, click here to view
Story Ideas  Events 
     |      Forward to a Friend
To ensure delivery, please add mark@bisnow.com to your address book, learn how
Real Estate Bisnow
LegalTechAssociationWomenMedicalThe Scene
   
October 31, 2008
 
       
 
LandAm
 
"RATHER BE IN DC"

Big shout-out to great sponsor the Silver Companies. They've just signed BAE Systems Technology Solutions & Services to 33,000 SF at the Quantico Corporate Center. Congratulations!


 

JBG co-leader Mike Glosserman was candid this morning: He told 140 gathered for a Bisnow breakfast at BLT he’s "pessimistic about the short term” and “can’t think of a scenario” by which credit will loosen before the second half of ’09, if then; JBG is not expecting construction lending to improve to allow for new development in ’09 (though it’s pursuing financing for certain projects just in case). Yet he said he’d still rather be inside the Beltway than anywhere else in the world, given the government insulation, and that JBG’s actually doing the first close today on its Fund VII to start picking up properties from lenders and owners under pressure to liquidate.

 

Mike, right, seems as approachable and friendly as they come, and the Heisman pose in this picture is that of yours truly, the publisher, who doesn’t like appearing herein (feeling that his name on the masthead is egotistical enough). Mike said traditional lenders today are pricing at 350 basis points above Treasuries for first mortgages, and loan funds are being organized that expect to achieve leveraged rates of return of 12-13%. But he concluded that “if you can hang on,” there will be a pop eventually because DC is not overbuilt. In fact, he speculated that land prices will one day skyrocket unless height restrictions are abandoned.

 
Monument
 

Cardinal Bank DC President Kate Carr asked Mike if federal telecommuting will reduce office space demands; he said he didn’t think it would make much of a difference for the behemoth Feds.

 
MarcParc
 

ONCORE Construction’s Bob MacDaniels with Davis Construction’s Jim Davis, Louise Boulton-Lear, and Dennis Cotter.

 

Kling Stubbins’ Ken Leibowitz, Nancy Darr, Dave Esch, Lida Dersookian, Pascal Pittman, Alberto Cavallero, and Kevin Blankenship. The firm, founded 70 years ago, does architecture, engineering, interiors, and planning from five offices nationally with projects around here like the 5.8M SF FDA campus consolidation in White Oak, USACE’s 2.5M SF New Campus East at Ft. Belvoir, and MedImmune’s Gaithersburg expansion. Factoid alert: office head Pascal Pittman is a major kayaker always looking for others to paddle the Potomac with him. [Poke Pascal.]   

 

Bowman Consulting’s Mike Birkland, Rand Construction founder Linda Rabbitt, Marsh’s Kathy Barlow, Bowman’s Jeff Blair, and Reznick’s Barbara McDuffie. Don’t forget, Linda is a Washington Business Hall of Fame Laureate this year, who’ll be honored the evening of December 2 along with Peterson Companies founder Milt Peterson, Capital One founder Rich Fairbank, Washington Post Chairman Don Graham, and Ourisman Automotive’s Mandy Ourisman.  More info.

 

Robert Half Legal’s David King, Clark Mid-Atlantic General Manager Brian Apt, GeoConcepts Engineering Paul Burkart, Clark division president John O’Keefe, Christopher Consultant’s Lindsay Burleigh, JBG’s Brian Fitzgerald, Arent Fox’s Kinley Bray, JBG’s Andrew McIntyre, and Reznick’s Jeremy Colville. Kinley is busy doing land use and zoning, among other things, on JBG’s repositioning of L’Enfant Plaza, which it acquired in ’06. And, yes, she’s the one many of you knew with the last name “Dumas” who went and got married a month ago on Kent Island, honeymooned on the Outer Banks, and came back with a new last name!


Cassidy’s New Brokers
 

Bobby Schwartz (15 years with Cushman, several with JLL), center, has joined the company as Managing Director, and Eli Barnes and Will Stern as VPs. Besides being a great tennis player (first things first), Bobby’s leased over five million square feet of office space in his career and represented landlords like TIAA CREF, ING Clarion, RREEF, Wells REIT, and GW.


JONES LANG GREENING ARLINGTON
 

Props to JLL for being honored recently by Arlington County’s Climate Action and Fresh AIRE programs for two buildings it’s worked on as property managers: 4401 North Fairfax Drive received the Energy Star label earlier this year (GM Eleanor Sakhri, property manager Mickey Collins); and One Potomac Yard (home to the Environmental Protection Agency) received a LEED (EB) 2.0 Gold (chief engineer Wayne DeGroat, GM Maureen Dowling). Above, with GSA officials, the Jones Lang team led by managing director for property management Benjamin Comm


HAPPY HALLOWEEN!
 

Transwestern’s Help Desk has seasonal décor, and this week’s is no exception.

 

Dominion Construction in Haymarket is ready for tonight:  project accountant Alicia Myers, project administrators LeeAnn Bynaker and Shawn Jones, marketing manager D.J. Cleary, and project accountant Connie Golden.

 
 
Reznick Group
 
Brookfield Properties
 
Beveridge & Diamond
 
Tower Oaks
 
Silver Companies
 
WorkSpaces
 
Cardinal Bank
 
ARM
 
ProLogis
 
Patriot Contracting
 
Advertise with Bisnow
 
 
CONTACT EDITORIAL                             CONTACT ADVERTISING                              CONTACT GENERAL INFO

This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. ? 2008, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW, Washington, DC 20036. All rights reserved.


Unsubscribe
| Subscribe | Forward to a Friend
Arlington Economic Development Arlington Real Estate Showcase Registration The JBG Companies Monday Properties