News: Article

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NCSU picks team to develop new Hillsborough Street hotel

North Carolina State University has selected a real estate team led by Raleigh lawyer and real estate developer Michael Sandman and a Washington, D.C., development firm to develop a prime piece of property across from the university’s iconic bell

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Federal Spending: Breakdown of Contracts

Research and development in the physical, engineering and life sciences, accounted for the most contract dollars reported by federal agencies Sunday, thanks to awards for the management and operation of the Energy Department's Lawrence Livermore N

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Bernstein Back to its Roots

Back in the early 70s, The Bernstein Companies were known for upscale condo conversions like the Colonnade, The Cathedral, Claridge House at 25th and K, Boston House near Brookings, and the Carlyle on Columbia Pike.

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Bernstein: Back to the Future

For those of you who think the market's slowed, the Bernstein Companies want you to know:  They're ready to buy $250M worth of distressed properties in the next 12 months, in any asset class but retail, and preferably in a bunch of smaller deals (

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Investors buy 2 K Street buildings

Two K Street office buildings traded hands this week, marking the potential departure of two more Class B office buildings and the influx of additional foreign capital into the nation's capital.

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109-Room Hotel Trades Hands

A recent transaction has left Fairfield Inn Laurel under the ownership of Hersha Hospitality Trust.

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Embassy Row Hotel Owners Complete $1M Renovation

The Bernstein Cos., owners of Courtyard by Marriott's Courtyard Washington Embassy Row, has wrapped up a $1.2-million interior renovation of the 156-room hotel.

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Projects add thousands of area hotel rooms

Like most other construction projects in Anne Arundel County, Spring Hill Suites in Parole was dropped into a deep freeze after the 2001 terrorist attacks.

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County hotel boom continues

Like most other construction projects in Anne Arundel County, Spring Hill Suites in Parole was dropped into a deep freeze after the 2001 terrorist attacks.

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Campus Commons Complex Trades for Nearly $41M

The 238,000-sf office complex known as Campus Commons has found a new owner in the Bernstein Cos., which recently acquired the property from insurance and financial services provider USAA in a $40.5-million transaction.

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Bernstein Cos. buys a pair of office buildings along Toll Road

It's difficult to pass up a wide-open opportunity -- just ask The Bernstein Cos.

The Bernstein Cos. Consortium Fund paid $40.5 million to buy Reston's Campus Commons from USAA, a financial services company for military families.

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1750 K St. fetches $47M

The Bernstein Cos. has bought 1750 K St. NW from The St. Joe Co. for $47.3 million.

That price works out to just under $300 per square foot of rentable space.

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1750 K St. Commands $47M

Ownership of the 153,000-sf office building at 1750 K St. has changed hands with the St. Joe Co.'s disposition of the property to The Bernstein Cos. in a deal valued at $47.3 million. And what a difference a few years make; St.

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D.C.'s 1750 K St. Fetches $47M

The nation's capital can tack on another trade. The Bernstein Co. paid $47.3 million for 1750 K St., a 152,500-square-foot property in the city's downtown.

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$77M in Financing Secures DC Office Towers

A $77.2 million financing package has been put in place for the acquisition of two class A office towers along the Anacostia River known as Maritime Plaza I & II.

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Washington Gas sells stakes in Maritime Plaza

WGL Holdings, parent company of Washington Gas Light has sold its interest in two buildings at Maritime Plaza in Southeast Washington to pension fund investor the Bernstein Group.

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Historic Public Ledger Building Fetches $35M

Santa Ana, CA-based Triple Net Properties buys the Public Ledger building at 6th and Chestnut Sts. from Washington DC-based Bernstein Cos.' Consortium Two. 

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Bernstein drops $92M anchor in SE

The Bernstein Cos.' investment arm has paid $92 million for two office buildings in Maritime Plaza, a buy that breaks up the partially developed, mixed-use complex once expected to ignite a firestorm of retail and residential in Southeast.

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300,000-SF Building Brings in the Big Bucks

With a stable supply of properties commanding well over $300 per-sf these days, the District continues to lead the nation's office market, and a recent transaction involving the disposition of the approximately 300,000-sf building at 2100 M St. just adds to the city's status.

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Franklin Tower Brings Forth $88M

There seems to be no end in sight to big-ticket office property dispositions in the District, and the recent $87.6 million sale of the 212,000-sf Franklin Tower has added to the city's growing collection of high-priced sales. 

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