Boston-based AGEM Property has acquired a pair of Georgetown properties in the heart of M Street NW … at 3130–3132 M St. NW from Westdeutscher Rundfunk, or WDR, and Norddeutscher Rundfunk, or NDR, for $10.5 million, according to D.C.’s Recorder of Deeds. The properties’ combined 2026 assessed value is $6 million, according to the Office of Tax and Revenue.
A provision in her proposed fiscal 2027 budget now before D.C. Council would give the mayor’s office the authority to buy federal properties.
The mayor is seeking the authority as planning is underway in Southwest D.C. to create a mixed-use neighborhood out of the Brutalist enclave of concrete federal buildings that currently occupy the area.
The University of North Carolina at Chapel Hill has settled into its new home in the nation’s capital.
The flagship North Carolina institution on Thursday opened its 11,000-square-foot office at 101 Constitution Ave. NW, which it’s dubbed “Carolina in the Capital.” The space will offer education programming for undergraduate and graduate students, alumni relations services and a base for the university’s federal government relations work.
“This relocation puts us squarely in the heart of the downtown business district offering a welcoming, professional setting for both our team and visitors,” said Frank Sciremammano, Partner in Charge of the Washington, D.C. office. “The office reflects our evolving needs as we focus on collaboration and continued growth in D.C.”