Shaw mixed-use complex sells for $141 million

Posted by Juline Kaleyias on

Jefferson Marketplace, a 281-unit mixed-use project in Shaw, has a new owner in what may be among the biggest real estate deals ever in the booming neighborhood.

Dallas-based Invesco Real Estate has acquired the year-old property at 1550 Seventh St. NW, developed by McLean-based Jefferson Apartment Group, for $141 million, or roughly $501,779 per unit. The property also includes 13,400 square feet of retail — Beau Thai, Unleashed by Petco, French wine bar La Jambe (coming soon), Grand Cata Latin Wine & Market (coming soon), and an incoming yoga studio.

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Douglas Development secures Uline construction financing (Video)

Posted by Juline Kaleyias on

Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use project.

That will cover about 75 percent of the project’s expected cost. Douglas Development is covering the rest.

Natixis Real Estate Capital has provided a $75.5 million construction loan. EB5 Capital is providing $18 million in preferred equity.

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