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April 27, 2010  

Our NoVa State of the Market breakfast tomorrow is even timelier now that it's the region Northrop has chosen. Please join us at the lovely Westwood Country Club. Last chance to sign up!

We mean our headline literally and figuratively. Tomorrow morning we invite you to the lovely Westwood Country Club in Vienna for a Bisnow Breakfast & Schmooze to hear an all-star panel, including veteran suburban developer Bob Buchanan, talk about the trends and needs of tomorrow in NoVa. We hope you’ll join us!

Don’t tell anyone, but we actually sneaked over to Bob’s offices in Maryland (Gaithersburg) to get a preview. Bob is—he would deny this—the “new Til Hazel,” in the sense that he’s taking the lead in assembling a group of “wise men” and contributors to fund regional research and analysis so local leaders can plan better and work more cooperatively among jurisdictions. As president of something called the 2030 Group, focused on what’s needed over the next 20 years, he’s trying to advance what Til’s storied 123 Club started in the 80s: looking at critical needs like education and workforce training, new roads and rail to break traffic gridlock, better housing patterns for the two million new residents expected in the region, environmental preservation, and regional governance.

Structure Tone (Project)

The group, whose launch was hosted April 8 at the Press Club by George Mason president Alan Merten and University of Maryland president Dan Mote, is trying to raise $2 to 2.5 million to nurture the work of their respective regional gurus Steve Fuller and Jacques Gansler, and has already released studies by them (see www.The2030Group.com). We know you can’t read all the small print on the graph above, but it’s part of Steve’s analysis that the region will be leaving $122 billion on the table if it doesn’t plan properly. Bob mentioned another telling example: What was gained by MD, VA, and DC all competing to get Northrop Grumman’s new HQ? Bob points out that if we thought as a region (like the Port Authority of New York), it wouldn't matter which submarket it chose, so why provide incentive money that could be spent on better roads? 

Old Republic (#1) - mini

2030 has actually been meeting informally since ’08 around the region at places like the Tower Club, National Harbor, and the office of Cassidy Turley co-founder Bob Pinkard, and has a Who’s Who membership of 21 already, including, in a heartwarming show of multigenerational solidarity, a number of kids of 123 members: Til’s son Jimmy, Milt Peterson’s son Jon, Sid Dewberry’s son Barry, John McMahon’s son Brett, and Wes Foster’s son Paul. And although it’s symbolic of Bob’s intense devotion to the region that he actually works at a place called Washingtonian Center, above, he’s made a point of bringing in leaders from model efforts in other regions like the Partnership for NYC, a similar group from Kansas City, and the Detroit Renaissance.  

Some of you loyal readers may remember our interview on this subject with Til (here at home in The Plains with wife Anne) in ’08.

Other speakers will include Fairfax Economic Development Authority president Jerry Gordon (who knows all the secrets about what glamorous out-of-state companies are being recruited), superbrokers Dave Millard and Rob Faktorow, and top owner/developers Janet Davis, Brian Fitzgerald, and Doug Fleit




Is this the most exciting immediate lease opportunity in the DC market today? Monday has available the top two floors of 1000 Wilson Boulevard in Rosslyn: 40,000 SF and 360 degree views of DC. EVP Tim Helmig asks where else you could find 600 linear feet of window line and 16-foot ceilings sitting on the banks of the Potomac with a direct sight line down Monument Row. Watch the two minute video and contact John Wharton at 703-284-0216 or jwharton@mondayre.com.


Tae-Sik Yoon is the new SVP of Capital Markets at Akridge, coming from the J.E. Robert Co. where he was CFO. At Akridge he’ll help access capital for transactions; at JER he helped form and manage investment funds, and before that he worked at Morgan Stanley and Williams & Connolly.   



Late last week at the Sofitel, we got to know a new trade group stretching its wings in DC called Professional Women in Construction, which pretty much says it all. Well, actually, there’s more: It’s part of a national organization with over 1,000 members and several chapters, the largest in NYC, where their events are often covered by Bisnow. The President of PWC National, Lenore Janis (in gold), came to town for the first DC installment of “Meet the Construction Chiefs,” a popular annual event in NYC. Here she’s joined by fellow members Kristin Protas, Vinesha Clark (local chapter prez), and Sarah Graves. Kristin and Sarah are both lawyers, so you don’t have to carry a tool belt to be a member. 


So let’s “meet the chiefs”: Chris Jahrling of Turner, John Barron of Foulger-Pratt, Jim Jones with the Army Corps of Engineers, and Diane Stolz from the GSA Public Buildings Service. Chris gave a refresher course on business development in tough times: Know your strengths, streamline and reorganize your operation, and be competitive in pricing. (Although he wishes construction bidding were more like ice fishing, where you can drop a weight and actually know where the bottom is.)


Jim and Diane are on the opposite end of the money chain, with unprecedented amounts funneling through their agencies. Here’s Jim pointing to one of his numerous slides on upcoming project awards. (For curious minds, all slides will be posted on the PWC-DC website.) The Corps’ usual annual construction spending is about $200 million, but they are currently on a $2 billion pace. This translates to three quarters of a million dollars spent each working hour in Jim’s region right now, which is managing 1,100 projects. GSA (nicknamed “Uncle Sugar” by Diane’s husband) is seeing the same type of rapid fire contract solicitations and awards. But Jim warns that the onerous reporting requirements on recovery money mean you’ll be telling the government things you wouldn’t tell your spouse.

Click here to place your own listing

April 28 - Bisnow Breakfast & Schmooze -  Northern Virginia State of the Market. Westwood Country Club. Networking starts at 7:15 AM. Info

May 04 - Arlington Economic Development - Forum on Sustainable Business Practices. Did you know that you can reduce costs by up to 30 percent? Featured speakers: Arlington County Board Chairman Jay Fisette, EPA's Jerry Lawson, Strategic Sustainability Consulting's Jennifer Woofter, SBA's Bridget Bean, SBA; Arbour Realty's Adam Gallegos, and EcoAlign's Andrea Fabbri, EcoAlign. Clarendon Ball Room. 7:30am-noon. Info

May 06 - Mortgage Bankers Association of Metropolitan Washington - Hear perspectives on appraisal/valuation, borrower and equity goals, and new syndication opportunities. Reconnect with your commercial real estate finance colleagues during the networking. 4:30 - 7:00 pm. Info

May 07 - University of Maryland, Colvin Institute of Real Estate Development - Senior Housing Design and Development: Spring Symposium and Site Tours. May 7 - 9, 2010. Info

May 14 - Institute of Real Estate Management - Gala by all three local chapters, benefiting Special Love For Children with Cancer. Congressional Country Club. 7pm cocktails. Info

Reznick (We know) #2 - mi
Monday (1000 Wilson)
Arent Fox (RE DC) #2
Cardinal (Sold)
Old Republic (#1)
VA (Gold Cup - May 1)
Nemacolin (Golf)
MarcParc (Fly)
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