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Tishman Speyer acquires, to redevelop, Mazza Gallerie - Washington Business Journal

Tishman Speyer acquires, to redevelop, Mazza Gallerie - Washington Business Journal
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Tishman Speyer to convert DC mall to apartments

Tishman Speyer has picked up a Washington DC mall it plans to partially convert to apartments. The New York-based developer paid around $55 million for the Mazza Gallerie urban mall site which Annaly Commercial Real Estate Group bought out of foreclosure for $38 million last year. Annaly acquired the property at auction after Ashkenazy Acquisition Corp.  defaulted on mortgage payments for the 294,000 s/f retail center it had bought for $78 million in January 2017. Once a luxury shopping mecca, the mall had lost much of its luster before the start of the COVID pandemic but was driven further into demise when lockdowns drove its anchor

Microsoft Continues Northern Virginia Expansion With 180K SF Rosslyn Lease

Microsoft Continues Northern Virginia Expansion With 180K SF Rosslyn Lease Courtesy of Tishman Speyer The 1300 Wilson Blvd. office building in Rosslyn, Virginia, where Microsoft is opening a large office, proving all companies will be shrinking their footprint. Tech giant Microsoft is growing rapidly in Northern Virginia, signing a deal for a major new office in Rosslyn less than a year after a big Reston deal.  Microsoft President of U.S. Regulated Industries Toni Townes-Whitley announced in a LinkedIn post Tuesday that the company signed a lease at 1300 Wilson Blvd. for its regional sales headquarters.  The company leased more than 180K SF, bringing the Tishman Speyer-owned building to 93% leased, a source familiar with the deal told

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