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July 17, 2008

Big shout-out to One and Two Fountain Square in Reston Town Center. Great office suites of 2k SF to 11k SF. Call Cassidy & Pinkard for more details!


The generations united briefly yesterday morning (well, they might have skipped one in the middle) when legendary Ben Jacobs, the last active co-founder of JBG, sat down with an intimate group of Under 35s from NAIOP DC/Md for breakfast at Old Ebbitt.

In an elegant 40-minute exposition, Ben recalled the early days of the real estate community (local families, napkin calculations, and handshakes), talked about JBG's focus on Washington ("I wanted to be near my mother when I was born," he quipped), and avoided predictions ("they give credibility to astrologers"). Still, he said that, like lifeguards, you learn over the years to see things on the horizon ordinary tourists might miss; no wonder JBG's known for great timing. Here we snapped Ben with JBG's George Vincent, Interior Architects' Mary Catherine Williams, Forrester Construction's Frank Pinto, Skanska's Brennan McReynolds, Forrester's Halley Sherard, and PNC's Ben Adams.
PN Hoffman

Clark's Jennifer Noah, John Hopkins Real Estate School student Scott Glass, and Clark's Kevin Lefever show that when you're young, you don't even need coffee to look chipper at 8am. Credit to Frank Pinto and NAIOP exec director Sally Modjeska for organizing their "Real Estate Emerging Leaders" group that rises and shines so early even in July.  



In an encouraging sign for the downtown market, brokers unrelated to the transaction have been telling us for some time that the World Bank intends to lease the entire 225k SF office space of Brookfield's 1225 Connecticut Ave. Besides meeting its size requirement, the Bank is said to have been impressed with location, quality of renovation, and sponsorship. Brookfield, which declines to comment, acquired the property, then occupied by Ernst & Young, as part of the Trizec portfolio in the fall of '06, and following E&Y's move to 1101 New York Ave last summer, has been transforming the formerly B-minus building into a trophy. This includes peeling everything back to the bones and doing a complete re-cladding, all new mechanical systems, new lobby and common areas, and LEED Gold submission. Architect is RTKL, contractor is Davis. Delivery is expected in November. Looks like it will be a very healthy baby.


Hats off to Normandy Real Estate Partners for leasing 48k SF at Stoneleigh II (in Westfields Corporate Park in the Route 28 submarket) to the Teaching Company. We'll be telling you more about Normandy next week.



At Tuesday night's Kastles match, we snaped former #1 John McEnroe (three Wimbledons, four US Opens), flanked by JM Zell's Jeff Zell and Kastles owner Mark Ein. Hey, we know Jeff's made a few appearances in our pages recently, but our philosophy is, "Will photograph for food." He had a great tent that, in honor of the eco-features of his new Carlyle Plaza One in Alexandria, not only had ample nibbles, but organic cotton swag bags chock full of goodies like chilled towels and white tennis balls. 


We believe this is the new cast of 90210: CBRE's Ryan Miller, Cassidy's Harold Jacobsen, CB's Chau Leung and Kate Ahearn, Cassidy's Scott Goldberg, and Kate McGovern.


Jeff's son Jason Zell with JM Zell's Meghan Davis, and Ezra Company's Josh Posnick. Jason tells us that though he's working this summer on marketing Carlyle Plaza One with Meghan, he actually returns to U of AZ this fall for a December graduation. Josh is pedaling for Bike to the Beach later this summer all the way from New Carrollton to Bethany (123 miles) to raise money for autism advocacy.



Stopping by our new office on DuPont Circle this week were Bowman Consulting's Jeff Blair (he's a principal so gets to sit down) with the guys who carry all the secret material in those official looking satchels: VPs Rick Lanham and Andrew Vinisky from Bowman Development Advisers, their subsidiary that helps clients through the entitlement process. We're always looking for factoids, as you know, and at first the guys claimed to be boring. But it turns out Andrew's writing a children's book with his wife, an elementary school librarian, featuring their two real-life cockapoos, Meigs and Ellsworth. And Jeff is so passionate about salt-water fly fishing (every couple weekends on the Chesapeake) that he ties his own flies and builds his own fly rods. (We hope we got that right.)



Our camera was barely wide enough to take in all the ladies surrounding Tom' Shoes founder Blake Mycoskie, last night at the City Tavern Club. For the record, we took it because one of them is in real estate: Forrester Construction's Hallie Sherard (her second picture in this issue, for the eagle eyed), here also with (from left) Advantage's Katelynn Calonkey, World Wildlife Fund's Donna Choi, KMKPR's Katherine Kennedy, and Applied Risk Management's Amy Talton.

Cassidy Pinkard
Arnold & Porter
Reznick Group
Reston Limo
Cardinal Bank
Ballard Spahr
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