News
Washington, D.C. Commercial Real Estate

Qatari Royal Family Pays $107.9M for Eye Street Building

Duwaliya US Real Estate, the US real estate affiliate of Qatari’s ruling Al Thani family, has made a major real estate purchase near the White House with the acquisition of the 219k SF 1575 Eye St NW for $107.9M from an affiliate of Carr Properties, the Washington Business Journal reports.

The transaction is the latest investment to flow into in the DC area from the sovereign country. Earlier this year, Qatar-based Al Rayyan Tourism Investment Co purchased the St. Regis Hotel. Back in 2011, Qatar’s sovereign wealth fund was a major backer of CityCenterDC and invested $700M to jump-start construction.

The deal for 1575 Eye St NW is the latest sign that DC remains an attractive target for foreign investors. Just last month, CBRE’s Q3 MarketView Report noted that DC was ranked No. 2 among major cities for foreign investment in real estate, behind only Manhattan. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines