trending Market Intelligence /marketintelligence/en/news-insights/trending/TA1EufSURZFTham5weYNiQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

JBG Smith buys Washington, DC, apartment property for $159M

TMT News & Research: 2020 Recap

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic


JBG Smith buys Washington, DC, apartment property for $159M

JBG Smith Properties purchased the 325-unit F1rst Residences apartment building at 1263 First St. SE in Washington, D.C., from a joint venture between Grosvenor Americas and McCaffery Interests for $158.7 million, the Washington Business Journal reported.

The transaction, which was recorded with the D.C. Recorder of Deeds, is the first part of the company's like-kind exchange for the site it plans to sell to Amazon.com Inc. for part of the online retail giant's second headquarters, or HQ2, in Arlington County, Va., according to the report.

JBG Smith and Amazon are looking to break ground on HQ2's first building sometime in 2020, the report noted. The 22-story towers are expected to be completed in the first quarter of 2023, according to the report.

The publication could not get a comment from JBG Smith.