Bisnow DMV Week In Review: The Stories You’ll Be Talking About This Week
Bisnow’s D.C. and Maryland week in review captures significant real estate developments in the greater Washington, D.C., real estate markets — from leadership shifts to notable transactions across the District and beyond.
EDITOR’S NOTE: Parts of this story were generated by AI and have been reviewed by our editorial team for accuracy.
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Federal Government's Real Estate Head To Depart
Nina Albert, commissioner of the General Services Administration's Public Buildings Service, which oversees the federal government’s more than 350M SF real estate portfolio, is resigning after two years. Elliot Doomes, GSA National Capital Region administrator, will succeed her. Albert has been appointed as D.C.’s next deputy mayor for planning and economic development. Read more
'I Don't Think We're Seeing Much Leadership': CRE Execs Seek More Help From Baltimore-Area Officials
Commercial real estate developers in Baltimore criticized local officials for insufficient industry support amidst economic challenges, citing hostility toward development and a lack of understanding and consistency in dealing with market challenges. Read more
Josh Harris-Backed Fitness Chain Opens First Prince George's County Gym In Former Toys R Us
Onelife Fitness opened its first Prince George's County location in a former Toys R Us in Clinton, Maryland. The Tysons-based company, partially owned by Washington Commanders owner Josh Harris, has plans for additional area locations. Read more
Trade Group Signs 2-Floor Lease At 655 New York Ave.
The American Chemistry Council is relocating to Mount Vernon Triangle, signing a 93K SF lease at 655 New York Ave. NW. The association is moving 200 employees from its current location near Union Station, highlighting the appeal of high-quality, amenitized buildings. Read more
JBG Smith Sells Development Site Near Nationals Park Approved For Over 600 Units
JBG Smith sold a 76K SF parcel on South Capitol Street SW to WC Smith for $29.5M. JBG Smith was approved for a mixed-use project of over 600 units at the site but failed to secure financing. WC Smith intends to proceed with the planned development. Read more
National Zoo-Adjacent D.C. Apartment Complex Sells For $66M
The Connecticut Plaza Apartments, a four-building complex adjacent to the National Zoo, has been sold to StoneBridge Investments by National Development for $66M. The 1927-built property was renovated in 2020 and is set to undergo further upgrades under the new ownership. Read more
