Archive for the ‘CBRE’ Category

CBRE Buys Two DC Area Office Buildings For $41,500,000.00

November 30, 2008

CB Richard Ellis Realty Trust just bought two office buildings outside of Washington, D.C. for $41.4MM. The offices are across from Dulles International and are both 100% leased, each by a single tenant, one building is occupied by a government agency the other by a government contractor. Both buildings are SCIF facilities. SCIF stands for “sensitive compartmented information facilities” That just means that access to the buildings and each section of the buildings is highly controlled because they may house classified information.

It’s good to see deals getting done but it’s a little disconcerting when you realize that CBRE is betting $41MM on the growth of government.