Skanska Acquisition of Multifamily Development Site
Representation of Skanska in connection with the acquisition of a 94,000-square-foot, high-density, multifamily development site at Scotts Run in Tysons, Virginia.
Five Revolving Lines of Credit for Private Maryland Real Estate Investment Trust
Representation of a private Maryland real estate investment trust on five revolving lines of credit in roughly a 12-month period of time, one unsecured (with a negative pledge on a borrowing base of properties) and the other four secured by stock in an affiliated public UPREIT and operating partnership units in the operating partnership of the UPREIT.
Public UPREIT Acquisition of a Montgomery County, Maryland Shopping Center
Representation of the operating partnership of a public UPREIT in the acquisition of a shopping center in Montgomery County, Maryland
Sale of Iconic Washington Hilton
Representation of the owner of the iconic Washington Hilton (where President Reagan was shot) in the sale of the Hotel to a joint venture between Los Angeles-based Oaktree Capital and Clearview Hotel Capital
Watergate 600 Disposition to Washington Real Estate Investment Trust
Representation of a family company in connection with its disposition of 600 New Hampshire Avenue NW (“Watergate 600”), a 12-story, 309,000-square-foot office building within the Watergate Complex on the Potomac River in Washington, DC, to Washington Real Estate Investment Trust, a public REIT, in a tax protected contribution transaction in exchange for “downREIT units.” The building was 97 percent leased at closing and in the midst of second-generation renovations. Atlantic Media, which publishes The Atlantic magazine, leases roughly 140,000 square feet at the property. Watergate 600 is one of the most prestigious buildings in the internationally recognized Watergate Complex.