December 5, 2016

StonebridgeCarras to develop part of Hoffman Town Center

StonebridgeCarras is gearing up to launch a $400 million development at Hoffman Town Center in Alexandria, a mixed-use complex it sees as strong on attractions like the AMC Hoffman Center 22 multiplex but lacking in the kind of energy needed to make the most of the area. ...READ MORE

September 23, 2016

After signing massive federal lease in NoMa, StonebridgeCarras cashes out

The federal government's decision last year to ink one of the largest government leases in D.C. history has led to one of the largest investment sales this year. StonebridgeCarras and Walton Street Capitol have sold the third and fourth installments of their Constitution Square development in NoMa for $421.8 million to a partnership of MetLife and Norway's Norges Bank. The sale, which works out to about $500 per square foot, comes nearly a year after the Justice Department signed an 839,000-square-foot lease for all of Three Constitution Square and the as-yet-unbuilt Four Constitution Square. ...READ MORE

June 21, 2016

Luxury Bethesda High-Rise Sells for $207M, One Month After Opening

A JV of StonebridgeCarras and Walton Street Capital just opened 8300 Wisconsin Ave a month ago, but the partnership has already sold the nine-story, mixed-use building for a record-breaking price. The 359-unit building at 8300 Wisconsin Ave sold for $207M at an estimated roughly $520k price per unit, Bisnow has learned. ...READ MORE

June 9, 2016

StonebridgeCarras and PN Hoffman announce The Darcy and The Flats Receives National Public-Private Partnership Award

PN Hoffman announced today that The Darcy and The Flats, a mixed-use development in Bethesda, MD, received The National Council for Public-Private Partnership’s (NCPPP) 2016 Project Innovation Award for The Darcy and The Flats. This prestigious award will be presented at Venue SIX10 in Chicago on June 28th as part of the P3Connect 2016 conference. ...READ MORE

April 29, 2016

Washington Business Journal Best Real Estate Deals of 2015: The Perseverance Award - Lot 31

Today, a luxury mixed-use development sits prominently at the corner of Bethesda and Woodmont avenues in downtown Bethesda. It is the result of a decade-long process that, though ultimately successful, was fraught with obstacles and uncertainty. We now know this project as The Darcy and The Flats at Bethesda Avenue. It began as Lot 31. ...READ MORE