JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.225 per common share. The dividend will be paid on May 27, 2020 to common shareholders of record as of May 13, 2020.
The Bartlett owned by JBG Smith Properties (NYSE: JBGS) — have tested positive for COVID-19, the disease caused by the novel coronavirus, according to messages sent to Bartlett tenants. "We were notified this evening by a resident of The Bartlett that they have self-quarantined in their apartment home due to testing positive for COVID-19 (Coronavirus)," JBG Smith told residents in a message sent Thursday evening about the third and most recent case. The Bartlett, at 520 12th St. S. in Pentagon City, is JBG Smith's 700-unit “city within a city," with a 32,000-square-foot Whole Foods Market on the ground level, among other retail.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
We now have a pretty full picture of how JBG Smith Properties (NYSE: JBGS) and landowner Lionstone Investments will remake the 18.7-acre portion of Potomac Yard that houses, for now, the Regal movie theater. Hord Coplan Macht was tapped to design two residential buildings (15 and 19) one block away from the Metro entrance, immediately north of a new road called Evans Lane.
The owners of an office building along Arlington's Rosslyn-Ballston corridor hoped to send a clear message to people who may have been exposed to the coronavirus: Don't come in here. Washington Real Estate Investment Trust (NYSE: WRE) recently posted notices at the entrances to 1600 Wilson Blvd., a 14-story office building by Wilson Boulevard and North Pierce Street, urging visitors not to enter if they or anyone in their household traveled outside the U.S. to a country with a coronavirus outbreak, have been in contact with someone recently diagnosed with it, or are experiencing COVID-19-like symptoms themselves. In short, the District-based commercial real estate firm wanted to avoid any ambiguity.
If you're interested in JBG SMITH Properties (NYSE:JBGS), then you might want to consider its beta (a measure of share...
JBG SMITH Properties (NYSE: JBGS) (the "Company" or "JBG SMITH") today announced that the Company’s 2020 Annual Meeting of Shareholders (the "Annual Meeting") has been changed from an in-person meeting to a virtual-only meeting due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and in consideration of the health and well-being of our shareholders and other meeting participants. As previously announced, the Annual Meeting will take place at 8:30 a.m., local time, on Thursday, April 30, 2020, but will be held in a virtual meeting format.
The first building for Virginia Tech's $1 billion computer science-focused campus in Alexandria will be shaped like a gem but look like crown, according to new renderings released Tuesday. Virginia Tech revealed the latest design by architectural firm SmithGroup, which shows the 300,000-square-foot academic building with gold-colored fins running vertically. The building, expected to be finished in early 2024 and cost $275 million to construct, is the first of three structures on 4 acres Virginia Tech intends to erect in the north section of what developers are calling the "innovation district."
JBG SMITH, (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the release of its annual Environmental, Social, and Governance (ESG) Report which highlights the accomplishments achieved across its operating assets in 2019. The key highlights include:
An affordable housing nonprofit backed by JBG Smith Properties (NYSE: JBGS) and the Federal City Council is nearly ready to acquire its first property — and it just got some help from the D.C. government to power the purchase. The Washington Housing Conservancy is closing in on buying the Park Pleasant apartment complex, located in Mount Pleasant just south of Piney Branch Park, according to the group’s executive director, Kimberly Driggins.
JBG Smith Properties (JBGS) delivered FFO and revenue surprises of -11.36% and 23.94%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The spread of the novel coronavirus has led two groups to cancel upcoming convention events in D.C., while a federal agency has asked all headquarters employees to work from home. Number of confirmed cases in D.C., Maryland and Virginia: 16 The breakdown: Five presumptive positive tests in D.C.; Six positive tests in Maryland; Five positive tests in Virginia An event hosted by North Carolina analytics software developer SAS Institute at Walter E. Washington Convention Center and another event at the D.C.-based International Monetary Fund have been canceled due to concerns over the coronavirus.
The novel coronavirus has many restaurants running for cover. Giuseppe and Mario Lanzone are running directly into the eye of the storm. The brothers and co-owners of Peruvian Brothers have opened a new location at The Stand in Crystal City Water Park in an effort bring in a little extra cash as their food trucks and catering business have shut down completely.
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that Alisa M. Mall was elected to its Board of Trustees at the Company’s Annual Meeting of Shareholders.
At least two workers at the Whole Foods Market in Pentagon City have tested positive for COVID-19, the disease caused by the novel coronavirus, a company spokesperson confirmed Monday. "We’ve been working closely with our store Team Members, and are supporting the diagnosed Team Members, who are in quarantine," a Whole Foods spokeswoman said in a statement. The 32,000 square-foot Whole Foods, located at 520 12th St. S., sits within The Bartlett — a nearly 700-unit apartment building owned by JBG Smith Properties (NYSE: JBGS).
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-growth, mixed-use properties in the Washington, DC market, today filed its Form 10-Q for the quarter ended March 31, 2020 and reported its financial results.
The General Services Administration has acquired the U.S. Department of Transportation's headquarters in the District's Navy Yard area for $760 million in what will likely be one of the largest single-asset commercial real estate deals to take place in Greater Washington this year. The acquisition, recorded Monday with the D.C. Recorder of Deeds, came not quite four months after the federal government's main civilian real estate arm exercised a purchase option embedded in the deal it struck more than a decade ago with the developer of the 1.9-million-square-foot building at 1200 New Jersey Ave. SE. The GSA estimates the acquisition will eliminate nearly $50 million in annual rental payments.
JBG SMITH Properties (NYSE: JBGS) (the "Company" or "JBG SMITH") today announced that its Board of Trustees has authorized the repurchase of up to $500 million of its outstanding common shares.
Officials from JBG Smith Properties (NYSE: JBGS) said Monday that an employee of one of its Crystal City tenants has a confirmed case of the novel coronavirus. In an email sent out Monday and obtained by the Washington Business Journal, the commercial real estate company said the employee works for a tenant with offices at 201 12th St. South and 1225 South Clark Street in Arlington. JBG Smith officials said in the email they have also made efforts to disinfect all common areas on the floors in which the tenant operates, which include the third floor of the Clark Street building and the first, second and third floors of the 12th Street building.
With a new healthcare facility set to anchor the long-stalled development at Alexandria’s Oakville Triangle, plans for the rest of the project are starting to come into focus. Stonebridge is tweaking its proposal for the Potomac Yard-adjacent site along Route 1, convening a series of virtual community meetings on the project over the last few weeks. Stonebridge had once planned for a 190-room hotel and a large retail district on what is now a 13-acre industrial park, with up to 194,000 square feet of shops and restaurants allowed on the site under zoning changes the city passed in 2015.