WASHINGTON, DC (January 15, 2009) – Capital Retail Group announced today the appointment of Michelle Tack as Senior Vice President of Leasing “Michelle is an extraordinarily talented sales and marketing executive with a proven track record of success,” said Robert Tack, Chief Executive Officer of Capital Retail Group. “I look forward to working with her [...]

Brian Moynihan the new Bank of America CEO starts at his new position January 15th. http://www.washingtonpost.com/wp-dyn/content/article/2009/12/16/AR2009121603894.html Until Moynihan gives direction regarding their network strategy the real estate team does not have the green light to pursue any new branch sites. They are not seriously looking at sites nor issuing Letters of Intent.

Residential sales office soon to open on V Street NW across from Busboy and Poets A residential real estate sales office will be the final and sixth retail tenant moving into Union Row http://www.pnhoffman.com/properties/flats/about.asp located at 14th and V street NW. The tenant signed a ten year lease in October 2009 to occupy 2,100 square feet and will be open for [...]

The historic 3 story commercial building located at 2001 13th Street N.W. costs $ 1.4 million to purchase plus an estimated $800,000 in improvements. However, there is no way to place the second egress on the outside of the building so the 1,060 square feet needed to be used for the stairs zaps the return from over 15% to less than 5%