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April 10, 2008


Big shout-out to our great sponsor JBG and its new Central Place project. The mixed-use development at 1201 Wilson Blvd. in Rosslyn will include a 520k SF, 31-story trophy office tower with views that include the Lincoln Memorial. Amazing—congratulations!  


Yesterday we joined a crowd of 500 for the ULI Trends Conference at the Reagan Building. Despite some gloomier predictions on other fronts, the final panel on "The Office Market" seemed to say that compared to the rest of the country, DC is still the place to be.


Meridian Group president David Cheek, Cassidy & Pinkard founder Bob Pinkard, JP Morgan Asset Management head of real estate Kevin Faxon, Vornado/Charles E. Smith prez Mitchell Schear, and Prudential Real Estate Investment managing director Joe Bonner. Joe compared the market to a middle school dance: "Girls on one side, boys on the other; everyone wants to play but they're being cautious."

Jones Lang LaSalle

JPI regional head Greg Lamb, Walker & Dunlop's Tyler Blue, and Pulte Homes' East region prez Rick DiBella. When we put forth our usual Bisnow query, "Anyone skydiving in Indonesia lately?" the guys joked that "Skydiving might be safer than what we're doing with single family!"  But Greg did just get back from zip lining over tree tops in Costa Rica on a family vacay.


Archstone's Greg Weingast, Bozzuto's Jeff Kaufman, Northwestern Investment Management's Brian Lee, Bozzuto CEO Tom Bozzuto, and Archstone's Brent Jenkins. Brian told us:  "It's like the old expression: Sometimes the best way to double your money is to fold it in half and put it back in your pocket."


Yesterday morning we joined 50 restaurateurs at the National Restaurant Association in welcoming Ted Turner to DC as part of the series, "The Green Restaurant Revolution." Ted lived up to his nickname, "Mouth of the South":  When we told Restaurant Eve Chef Cathal Armstrong, NRA CEO Dawn Sweeny, and Ted to get in "nice and close" for a picture, Ted shot back, "If we get any closer, I'll have to turn off the lights and take off my clothes!" Safely on stage, he and George McKerrow, CEO and co-founder of Ted's Montana Grill with Turner, recommended ways restaurant operators can become more environmental.


Next Thursday, Pope Benedict XVI takes the field for Mass at Nats Stadium—get ready for excitement (and traffic) as Washingtonians line the streets to glimpse the popemobile. We heard our friend KANE Construction CEO Dennis Kane, whose family was chosen  in 1979 to bring up gifts to Pope John Paul II at his mass on the Mall, will be involved again: He'll be watching from the audience as his niece Elizabeth does the same. We snapped this of Dennis last week at the Bank of Georgetown on Wisconsin, which he did in '05. This month KANE begins a fifth branch for the bank, at 822 E St., NW, and this summer a sixth (location secret). On the side, he's been heavily involved in the $50M relocation of Our Lady of Good Counsel to Olney where a new 52 acre campus has been created for the 1200 student Catholic school. The main athletic facility is named in honor of his parents and just opened a year ago. He can now watch his three boys play sports there.

Arnold & Porter
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