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One Thomas Circle

One Thomas Circle

One Thomas Circle is a high-quality, amenity-rich office building located at the base of the vibrant 14th Street Corridor, offering direct access to some of D.C.’s most sought-after restaurants, retail and neighborhood amenities. The building features a large central atrium that provides abundant natural light with sweeping views of Thomas Circle, as well as a new third-floor amenity center with an indoor-outdoor tenant lounge and conference rooms and will deliver new, elevated top-floor spec suites with an anticipated completion in late-2026.

Speakers and Panels

How to Find Your Office Deal:

Strategies for Prospecting Properties, Investor Sentiment, Submarket Activity and the Deals Shaping the DMV Market

Michael Darby

Michael Darby

Principal & co-Founder

Monument Realty

Jon McAvoy

Jon McAvoy

CIO

PRP

Philippe Lanier

Philippe Lanier

CEO

EastBanc

Michael Solomon

Michael Solomon

Regional President

Burke and Herbert

Michael Darby

Principal & co-Founder

Monument Realty

Michael J Darby is the principal and founder of Monument Realty, one of the most prolific integrated real estate service firms in the Washington, DC area. Mr. Darby has built Monument into a full-service real estate firm with expertise in Acquisitions, Development, Construction Management, Property Management, Leasing, Investment Sales for Commercial, Residential and Retail property. Through his dynamic leadership and visionary thinking, Mr. Darby has been a driving force in Monument's success for over 23 years and an active member of the Washington region's construction and development industry for nearly 40 years. Mr. Darby served as a senior vice president for Akridge prior to founding Monument. He also directed a number of downtown development projects while at The Carr Company, including such landmark restoration projects as the Willard Hotel and the Southern Railway Building. Today, Monument is transforming neighborhoods throughout the DMV with innovative projects like the new SoNYa district and residential buildings in NoMa, as well as the unprecedented assemblage and preservation project in Chinatown.

Mr. Darby began his career in his native Australia, working with a Melbourne-based general contractor, and holds a degree in Construction Engineering and Business from the University of Melbourne. Mr. Darby has been active in numerous regional real estate organizations over the years and encourages Monument employees to participate in leadership roles in such organizations as the DC Building Industry Association, NAIOP, ULI, Real Estate Group and CREW DC. He is an avid skier, cyclist and kite-surfer and enjoys community outreach. He and his company have been long time supporters of the annual Real Estate Games, a charitable sports competition that supports the Juvenile Diabetes Research Foundation and he was the co-chair for six years.

Jon McAvoy

CIO

PRP

Jon McAvoy joined PRP REI in 2024 as the Chief Investment Officer in support of the firm’s ongoing

growth initiative. Founded over twenty years ago, PRP REI maintains over $3b in assets under

management and focuses on strategies that produce strong current, durable and distributable cash flows

through value creation business plans leveraging internal subject matter expertise. Mr. McAvoy

oversees three vertical business lines both in strategy and execution – NNN Industrial and

Manufacturing, Multifamily Residential, and Special Situations – in addition to focusing on capital

markets activities.

Prior to his current role, Mr. McAvoy previously enjoyed a thirteen year career at the Washington, D.C.

based development firm Hoffman & Associates, Inc. Prior to leaving the firm in 2024, Mr. McAvoy

served as the Chief Investment Officer leading the company’s financial division including accounting,

acquisitions, asset management, as well as corporate and project capitalization for the company’s

portfolio, including The Wharf, Seaboard Station in Raleigh and West Falls in Virginia. During his career,

he worked to procure and capitalize over $6B in projects throughout the Mid-Atlantic and North Carolina

regions.

In preparation for his current roles, Mr. McAvoy previously worked for multiple Fortune 500

corporations, including Harman International, Bearing Point, and Freddie Mac. His experience includes

banking operations, multi-national corporate investment portfolio management, mortgage-backed

securities trading, product development and credit analysis.

Jon graduated from Georgetown University’s McDonough School of Business with a Master of Business

Administration and Bachelor of Science in Business Administration.

Philippe Lanier

CEO

EastBanc

Philippe Lanier is the Chief Executive Officer of EastBanc, leading the company's North American portfolio and overseeing all company activities, including its investment strategy, development pipeline, and operations across real estate, technology, and lifestyle businesses.

Prior to joining EastBanc, Philippe spent over eight years combined as an Equity Research Analyst at Lehman Brothers and Bank of America Securities, where he covered energy, refining, and shipping sectors, and served as an Acquisitions Manager at the European Office of Prudential Real Estate Investors (PREI). From 2019 to 2024, he served as CEO of EastBanc Technologies, where he repositioned the business as an AI-focused professional services firm and led it through a successful sale to Solvd Inc.

Philippe grew up in Washington, DC and has been involved with EastBanc since 2007. He speaks fluent English, German, and Portuguese.

Michael Solomon

Regional President

Burke and Herbert

Michael Solomon is the Regional President and the Head of Commercial Real Estate Lending based in Bethesda for Burke & Herbert Bank. Before to joining Burke & Herbert, Solomon was a Co-Founder of Southside Capital, a hedge fund focused on investments in the financial services and real estate sectors. He has also held investment banking roles at Credit Suisse and SunTrust Bank. In 2017, Solomon was appointed by President Trump to the role of Senior Advisor at the GSA’s Public Building Service. He holds an undergraduate degree from Emory University in Atlanta, GA, and a graduate degree from Georgetown University in Washington, DC. Solomon is a native of the Washington, DC area.

How to Position Your Distressed Office Asset:

Understanding the Strategies and Factors and that Determine Whether to Demolish, Reposition, or Convert

Oliver Carr, III

Oliver Carr, III

CEO

Carr Properties

John Mason

John Mason

Founder and CEO

Garfield Investments

Ryan Riel

Ryan Riel

SEVP

EagleBank

Oliver Carr, III

CEO

Carr Properties

Mr. Oliver T. Carr, III has been the President and Chief Executive Officer at Carr Properties Holdings LP since 2004. Mr. Carr co-founded Carr Capital Corporation in 1994 and served as its President and Chief Executive Officer until 2005. He was responsible for managing Carr Capital, and led managing major acquisitions and financial transactions at the firm. Mr. Carr served as a Director of WashingtonFirst Bankshares, Inc. and its subsidiary WashingtonFirst Bank from December 2012 to May 17, 2013. He served as an Independent Director of Alliance Bankshares Corporation since July 2007. Mr. Carr served as a Director of Alliance Bank Corporation since August 15, 2007 and Alliance Bankshares Corporation since July 2007. He received Master of Science in Real Estate Development from the Massachusetts Institute of Technology in 1992 and his Bachelor of Arts in Urban Studies, with a concentration in Economics, from Trinity College in 1987.

John Mason

Founder and CEO

Garfield Investments

John B. Mason has been a principal and managing member of numerous commercial and residential real estate transactions over the past thirty years. Mr. Mason is the Founder and CEO of Garfield Investments, Intrepid Capital and Intrepid Real Estate which he founded in 1997 for the purpose of identifying and capitalizing on distressed, undervalued and mispriced commercial and residential properties in Washington, D.C. and the Mid-Atlantic region.

Mr. Mason has facilitated and transacted over $700M in investment, financing and development of office, residential and student housing projects. He has been involved in all aspects of commercial and residential real estate including, ground-up development, leasing and asset management, zoning, historic preservation and distressed asset workouts. Mr. Mason has been responsible for acquisitions, project leadership, asset management, and day-to-day operations. Mr. Mason graduated from Duke University and The Hill School.

Ryan Riel

SEVP

EagleBank

Ryan Riel has worked in Commercial Real Estate with EagleBank for more than 20

years and currently oversees the Bank’s $5 billion CRE lending portfolio. Throughout

his tenure, he has worn multiple hats and participated in originating more than $6

billion in real estate transactions of various types across the DC region. Since

February 2025, in addition to CRE Lending, Mr. Riel oversees more than 200

employees across retail banking, small business lending, loan and deposit

operations, and information technology.

Mr. Riel sits on the Board of Directors of the EagleBank Foundation, and on the Board

for George Mason University’s Center for Real Estate Entrepreneurship. He is a

current Trustee for The Children’s Inn at NIH and previously served on the Board of

Directors at the Inn for ten years. He earned a Bachelor’s Degree in Economics from

West Virginia University.

How to Finance and Build Your Office:

Navigating Trophy Office Development and Repositioning, Construction and Improvement Costs, Interest Rates and Capital Availability

Pete Otteni

Pete Otteni

Co-Head of the Washington Region

Boston Properties (BXP)

D'Juan O'Donald

D'Juan O'Donald

Executive Director, Commercial & Investment Bank

J.P. Morgan

Andrew McGeorge

Andrew McGeorge

Senior Managing Director

Hines

Jon Glass

Jon Glass

Executive Vice President

Savills

Pete Otteni

Co-Head of the Washington Region

Boston Properties (BXP)

Mr. Otteni holds a Bachelor of Science in Commerce from the University of Virginia and

a Master of Business Administration with a concentration in Real Estate from the Kenan-

Flagler Business School at the University of North Carolina. He joined Boston Properties

in 2000 upon his graduation from KFBS, and has since taken on increasingly complex

roles in the development of the company’s projects. As a Senior Vice President in the

Development department in Washington, DC, Pete has direct responsibility for all aspects

of development, acquisition and disposition projects throughout the greater DC region,

including acquisition/land acquisition, financing, entitlement, design, construction, and

leasing. Since joining Boston Properties, Mr. Otteni has managed or been directly

involved with over 4.5 million square feet of completed or in process development.

D'Juan O'Donald

Executive Director, Commercial & Investment Bank

J.P. Morgan

D’Juan O’Donald’s career has spanned Commercial Real Estate, Distressed/Special Situations, Structured Finance, Institutional Investment Management and Capital Markets. D’Juan sits in JPMorgan’s Commercial & Investment Bank and currently spearheads a new platform to manage, and maximize value of, a national portfolio of large-scale, distressed and undervalued properties. Previously, D’Juan was responsible for investment strategy, acquisitions, redevelopments, and dispositions across JPMorgan’s balance sheet-owned real estate & REO portfolio ($20B). Prior to JPMC, he was sourced and executed equity, debt, and structured capital solutions ($2B) in the private market for institutional and middle market investors at Ackman Ziff. Before Ackman Ziff, he was employed by H/2 Capital Partners ($12B AUM international fund manager). While at H/2, D’Juan underwrote, managed, sourced, structured, and acquired CMBS, CDOs, senior mortgages, NPL’s, corporate loans, secondary equity fund LP interests and net-leased real estate, plus participated in investor relations activities. D’Juan began his career at LNR Property Corporation, a subsidiary of Starwood Property Trust, in the Real Estate Investment Management, Finance & Servicing Group, where he amassed a breadth and depth of experience by remaining active in every part of the economic cycle by rotating through each revenue generating business unit. Highlights include directly facilitating the acquisition of subordinate, unrated bonds from CMBS pools ($16B); distressed loan restructures/workouts ($500MM); assisting in the partnership formation with FinTech company Ten-X (f/k/a Auction.com) and evaluating B-Notes, mezzanine loans, REOs, NPLs, RPLs, distressed, special situation and other opportunistic real estate equity and high yield credit investments ($10B). D’Juan holds an M.B.A. from The University of Pennsylvania’s Wharton School (Finance & Management), is a CAIA charterholder and obtained a B.A. in Mathematics from Duke University. On campus, D’Juan competed on the Football and Track & Field teams and was a member of the Duke Investment Club. Subsequently, D’Juan was a professional athlete in the Arena Football League. As an active member of the community, D’Juan serves as a board member of the DowntownDC BID (on the Finance Committee), previously served on the Advisory Board of the Robert F. Kennedy Young Leaders (RFK Human Rights Center) and volunteered with the Duke Alumni Clubs of NY and South Florida.

Andrew McGeorge

Senior Managing Director

Hines

Andrew is Senior Managing Director and City Head of the Hines Washington D.C. office. He is

responsible for new business procurement, development, acquisitions, asset and property management

activities in the Mid-Atlantic region.

Andrew has an extensive background in land development, office and multifamily, and has brought strong

relationships with investors, landowners, brokers, and other real estate professionals—cultivated through

years working in the sector—to the firm, since joining Hines in 2020.

Prior to joining Hines, Andrew was Vice President, Development at Fairfield Residential, responsible for

managing and directing all development, construction, and property management functions for the Mid-

Atlantic Region. He spent his early career at Toll Brothers and Monday Properties. He is also a veteran,

having spent the first five years of his career as an officer in the U.S. Navy.

Andrew is a member of the Urban Land Institute, a LEED Accredited Professional, and former NAIOP VA

chapter board member. He earned a Bachelor of Science, Economics, from the United States Naval

Academy, Master of Science, Organizational Dynamics from University of Pennsylvania, and MBA at

Sloan School of Management from Massachusetts Institute of Technology (MIT).

Jon Glass

Executive Vice President

Savills

Jon Glass is the Executive Vice President, Co-Lead for the D.C. region in Savills Washington, D.C. office. He joined the firm in 2007 as a financial analyst and has risen to a senior leadership role, serving as a trusted advisor and Co-Leader of the firm’s Washington, DC region. With nearly two decades of experience advising clients across various industries, Jon brings a deeply analytical approach to solving complex real estate challenges.

Jon is highly regarded among clients and colleagues for his responsiveness, creativity, and nuanced market insight. He continually earns clients' trust by providing thoughtful, actionable strategies and personal engagement on every assignment. Jon has gained a reputation for his ability to craft bespoke solutions through a blend of financial modeling and innovative negotiation, whether clients are restructuring existing leases, executing relocations, pursuing acquisitions, or positioning for growth.

He is also a member of Savills Strategy & Finance Group, which consists of select consulting professionals from across Savills North America who focus on creating and implementing strategic plans and creative financial engineering for occupiers.

How to Fill Your Office:

Discover the Amenities and Fit-outs that Tenants actually Demand and the Leasing Trends and Strategies that Attract and Win Over Occupiers

Jordan Brainard

Jordan Brainard

Managing Director & Vice Chairman

Stream Realty

Mindy Saffer

Mindy Saffer

Managing Principal

Cresa

Eric Posner

Eric Posner

COO

Tower Companies

Amy Shavelson

Amy Shavelson

Principal

Perkins Eastman

Jordan Brainard

Managing Director & Vice Chairman

Stream Realty

Jordan Brainard is a Managing Director & Vice Chairman with the Office Tenant Representation division in Stream’s Washington, D.C. office. She represents law firms and corporate clients on complex office transactions, providing strategic advisory services focused on consistency in process and reporting, developing a business case, and long-term portfolio planning. Jordan’s focus includes lease negotiations for relocations, renewals, and corporate headquarters assignments.

Prior to joining Stream, Jordan served as Executive Vice President at CBRE and previously worked at Cushman & Wakefield and Vornado Realty Trust. With over 20 years of industry experience, she has advised clients on some of the largest and most complex office transactions in the Greater Washington region.

Mindy Saffer

Managing Principal

Cresa

With a trailblazing career over three decades, Mindy stands out as a prominent figure in the world of commercial real estate.

Her exceptional leadership at Cresa is defined by a relentless dedication to client advocacy, innovative practices, and women’s

empowerment within the industry.

Mindy began her career in 1986, mastering the art of crafting occupier-centric office space at an architecture firm. Her pivot to

real estate advisory in 1999 marked the beginning of a significant tenure as a voice and defender of occupier interests. Joining the

leadership team at Cresa’s Washington, DC, office in 2012 as Managing Principal, Mindy demonstrated her pioneering vision by

founding the Nonprofit Practice Group, which she now co-leads, furthering her commitment to service-oriented and purposeful

work.

Mindy’s strategic leadership came to the forefront during the challenging times of the COVID-19 pandemic as she steered

Cresa’s internal Remote Work Task Force. Under her guidance, Cresa created a new service line, Remote Advisory Services

—a testament to her foresight, adaptability, and resilience. This initiative addressed the immediate crisis and set a precedent for

enduring workplace solutions.

Mindy’s 37-year career is marked by her service to leading nonprofits and associations across the United States and

internationally, earning her a reputation as a trusted partner and advocate. Her expertise is further evidenced by her stewardship

of the annual Nonprofit Benchmarking Survey. This instrumental tool captures insights into nonprofit workplaces’ evolving

nature, helping organizations navigate complex and rapidly changing work environments. As a reflection of her commitment to

sustainability, Mindy holds lifetime accreditation from the US Green Building Council for Leadership in Energy and Environmental

Design.

Her influence extends beyond professional achievements, as Mindy is deeply involved in the broader nonprofit and CRE

communities. She served as board chair of the Finance and Administration Roundtable and currently chairs the Finance and

Business Operations Council for ASAE. Her affiliations extend to the Commercial Real Estate Brokers Association of Washington,

DC, the Realtors Multi-Million Dollar Leasing Club, and the alum associations of the University of Maryland and Johns Hopkins

University, her alma maters where she received a Bachelor of Science and a Master of Science, respectively. Mindy also left her

mark in the digital realm as co-creator and co-host of “The Amazing Space” podcast, delving into the intricate dynamics of real

estate with some of the nation’s most prominent nonprofit leaders.

Additionally, Mindy’s executive acumen earned her a seat as the first female on Cresa’s Board of Directors for the 2018/2019 term

and recognition as a Chairman’s Award recipient, solidifying her status as a top producer within the company.

Furthermore, her impact is magnified by her role as a mentor and convener, serving as a champion of client partnership and the

advancement of women in the industry.

Eric Posner

COO

Tower Companies

As Chief Operating Officer for The Tower Companies, Eric leads the Senior Leadership Team and oversees company-wide initiatives, team management, and strategic vision, managing the day-to-day operations of Tower and its affiliated companies. His broad expertise in asset management, leasing, finance, and development enables him to oversee operating and capital budgets, underwrite tenant transactions, forecast financial performance, and coordinate marketing strategies across the portfolio.

Eric has played a pivotal role in repositioning and re-tenanting several office buildings in the central business district and Maryland suburbs, enhancing amenity spaces, upgrading property management services, and transforming properties to meet the modern demands of today’s tenants. Prior to joining Tower, he spent several years in commercial and residential finance, helping oversee the placement of hundreds of millions in refinance and new debt transactions with banks and life insurance companies.

Eric is a member of the U.S. Green Building Council and a LEED® Accredited Professional (AP). He also serves on the Board Directors and is the Executive Committee Member for the Golden Triangle Business Improvement District (BID).

He earned a Bachelor of Science in Finance from the University of Maryland. Eric and his wife live in Bethesda and have two kids. Outside of work, he enjoys hiking, skiing, biking, golfing, and traveling.

Amy Shavelson

Principal

Perkins Eastman

Amy Shavelson is an Associate Principal and Co-Regional Workplace Practice Area Leader at Perkins Eastman's Washington DC office. Dually licensed as an architect and interior designer, she has built her practice around strong relationships in the region, a dedication to mentorship, and an ability to balance the visionary and pragmatic aspects of her clients' work. Her workplace design experience has focused on nonprofit and mission-driven clients. Beyond project work, Amy currently serves as President-Elect for the Mid-Atlantic Chapter of the International Interior Design Association, is actively involved in CREW DC and the Greater Washington Board of Trade, and has volunteered with the March of Dimes since 2014. Most recently, Amy was recognized by the Washington Business Journal as a 2026 Women Who Mean Business honoree.

Prior to her career in commercial real estate, Amy worked in the fashion industry, in the corporate offices of a luxury designer. She holds a degree in Communication from the University of Maryland and a degree in Interior Design from the New York School of Interior Design.

Why You Can't Miss This Year's DMV State of Office Summit

What You’ll Learn:

  • Where institutional capital is returning in the DMV and where caution still dominates.

  • Which submarkets are winning the leasing race and which are still searching for demand.

  • How defense contractors, law firms, and universities are reshaping tenant mix across the region.

  • What the federal government's shrinking footprint means for vacancy, investment, and deal flow.

  • How opportunistic buyers are sourcing, financing, and positioning distressed acquisitions.

  • Whether office-to-residential conversions, repositioning, and low-basis buys are actually penciling.

Why This Matters:

The DMV office market is moving, but not in one direction. Trophy rents are climbing, institutional capital is cautiously returning, and a new wave of opportunistic buyers is quietly accumulating distressed assets at fractions of their former value. At the same time, the region's unique exposure to federal workforce disruption is creating a layer of uncertainty that no other major market faces, and the gap between winning buildings and struggling ones has never been wider. For owners, investors, lenders, and leasing teams, the decisions made in the next 12–18 months will define portfolio performance for years to come. Join us as we explore where capital is flowing, which tenants are signing, which deals are getting done, and how the DMV's most active investors and dealmakers are positioning for the next cycle.

For questions, recommendations, comments, press inquiries, or if you are interested in sponsoring, please email Ian Wheeler at ian.wheeler@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days prior to the event.

Venue

One Thomas Circle
1 Thomas Circle NW
Washington, DC 20005

Floor: 9th Floor


Parking garage entrance is: 1427 M St NW.

Get Directions

Agenda

Time Activity
8:00 AM
9:00 AM
Registration, Breakfast, and Networking
9:00 AM
9:40 AM
How to Find Your Office Deal:

Strategies for Prospecting Properties, Investor Sentiment, Submarket Activity and the Deals Shaping the DMV Market

With office investment activity picking up across the DMV, distressed assets commanding attractive prices and Federal office disposition on the horizon, where are investors finding opportunity and what types of assets are drawing the most attention? This panel will examine prospecting strategies, investor sentiment, submarket activity and the office acquisitions and dispositions shaping the region

9:40 AM
10:20 AM
How to Position Your Distressed Office Asset:

Understanding the Strategies and Factors and that Determine Whether to Demolish, Reposition, or Convert

As owners confront aging buildings, elevated vacancies and changing tenant demand, deciding what to do with a challenged office asset has become increasingly complex. Panelists will explore the factors driving decisions to demolish, reposition, renovate or convert, including location, basis, zoning, building characteristics, tenant demand and the economics of each strategy.

10:20 AM
10:40 AM
Networking Break
10:40 AM
11:20 AM
How to Finance and Build Your Office:

Navigating Trophy Office Development and Repositioning, Construction and Improvement Costs, Interest Rates and Capital Availability

Capitalizing office development and repositioning projects remains challenging amid elevated construction costs, evolving interest rates and selective lender and investor appetite. This panel will explore how developers are structuring capital, underwriting projects and managing construction and improvement costs while navigating the availability of debt, equity and other sources of financing.

11:20 AM
12:00 PM
How to Fill Your Office:

Discover the Amenities and Fit-outs that Tenants actually Demand and the Leasing Trends and Strategies that Attract and Win Over Occupiers

Winning tenants today requires more than putting a renovated office building on the market. This panel will examine the amenities, workplace strategies, fit-outs and building features occupiers actually value, along with the leasing strategies owners and brokers are using to attract tenants, compete for demand and drive occupancy across the DMV.

12:00 PM
1:00 PM
Closing Networking

Tickets

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