D.C. development to yield $10 billion

A Maryland developer and a local investment firm are joining forces to complete $10 billion worth of real estate construction in the greater Washington, D.C., area.

Chevy Chase, Md.-based The JBG Companies and San Francisco-based MacFarlane Partners are coming together to form JBG Urban LLC, the companies announced Monday.

The joint venture will handle a portfolio of 93 assets to be developed or redeveloped within the next five years, according to Victor MacFarlane, CEO of MacFarlane Partners. The project is the company’s largest investment to date.

The projects involved include office, retail, hotel and residential developments. Some of the major projects include Mark Center, a mixed-campus project in Alexandria, Va.; Twinbrook Commons, a “transit village” already under development; the Bethesda North Marriott; and the Rosslyn Gateway office buildings.

Nearly 60 percent of the sites are adjacent or near public transit stations.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Muni’s K-Ingleside line will return six months earlier than previously announced. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
K-Ingleside train to return on May 15

Announcement comes on the heels of pressure from Supervisor Myrna Melgar

Former Stockton Mayor Michael Tubbs spoke to San Francisco’s new Guaranteed Income Advisory Group on April 16. (Courtesy SFGOV)
City launches task force to explore Universal Basic Income programs

San Francisco on Friday launched a guaranteed income task force that could… Continue reading

Demonstrators march from Mission High School towards the San Francisco Police station on Valencia Street. (Jordi Molina/ Special to the S.F. Examiner)
Vigil, march honors those killed by police

Deaths of Daunte Wright, Roger Allen and others prompt renewed calls for defunding

A Recology employee stands at the comapany’s recycling facility on Pier 96 in 2016. (Jessica Christian/2016 S.F. Examiner)
Nuru scandal: Feds charge second former Recology executive with bribery

A second former Recology executive is facing charges for allegedly bribing ex-Public… Continue reading

Kiana Williams
Stanford’s Kiana Williams drafted by WNBA champion Seattle Storm

Kiana Williams is going from one championship team to another. A senior… Continue reading

Most Read