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The Beatles and Cap Rates

Washington DC Other

Who knew that so many of you were old enough to remember The Beatles?

Last night at Uline Arena, 4,000 came to celebrate 50 years ago to the moment when the Fab Four did their first North American concert, and about 4,000 of them appeared to be commercial real estate folks.

At a pre-event reception benefiting the DC Preservation League, here's Douglas Development's Douglas Jemal and son Norman, flanking Capital Adventure's Ellie McMullen and starchitect Shalom Baranes

Kane Construction CEO Dennis Kane joined here by Denise Murphy and her husband Eagle Bank retail banking prez Tom Murphy as well as Eagle Bank CEO Ron Paul. Old prints of the Beatles themselves surround the group on the walls.

Perseus Realty prez Bob Cohen and wife Rose Cohen of JP Morgan, Boston Properties’ Ray Ritchey, and Kane Cos CEO John Kane.

Braving the cold (but not seeming to mind that much): Vornado's Bruce Pascal with wife Amy.

Back to Uline for a sec; Douglas Development has rebranded the site "The Coliseum," and will soon transform the almost 75-year-old property and surrounding site in to a mixed-use development. Over 150k SF of office and over 50k SF of retail are slated for the project—Douglas began renovations last summer.