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Latest NewsPenzance snags 1,100 units in Virginia, North Carolina
Penzance bought four apartment properties totaling 1,100 units in Virginia and North Carolina, significantly expanding its footprint across the region, the Washington, D.C.-based owner, operator, developer and investor announced in a Jan. 15 press release shared with Multifamily Dive. The firm made the purchases, totaling $200 million, in the fourth quarter of 2025.
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They might have renamed Rosslyn, too. And more details from Virginia’s HQ2 pitch.
The Virginia piece of Amazon.com Inc.’s second headquarters, we now know, will be located in “National Landing,” a rebranded amalgam of Crystal City, Pentagon City and Potomac Yard.
National Landing was a formal part of the commonwealth’s pitch to Amazon. But, did you know, so was “Capital View”? And what is Capital View? That would apparently be Rosslyn and its immediate surrounds.
Beyond JBG Smith: 20 Developers Poised to Benefit from Amazon in Northern Virginia
The big winner of Tuesday’s announcement that Amazon selected Northern Virginia for half of its second headquarters was JBG Smith, the Chevy Chase-based REIT that will lease Amazon space for its initial offices and sell it land for future development of the 4M SF campus. But the e-commerce leader establishing such a massive presence in Crystal City, Pentagon City and Potomac Yard, an area it is now rebranding as National Landing, is sure to create ripple effects that will flow throughout the surrounding area and affect hundreds of properties.
Vida Fitness Signs On For 27K SF At Penzance’s Rosslyn Development
Penzance celebrated the groundbreaking Wednesday of its three-building, mixed-use development in Western Rosslyn and announced its anchor retail tenant.
Vida Fitness signed a 15-year lease for 27K SF of the development’s ground-floor retail space at the 1555 Wilson Blvd. project, a Penzance spokesperson said. Vida Fitness founder David Von Storch was on hand at the groundbreaking to celebrate with the development team.
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John Kusturiss of DC’s Penzance Takes CO to The Highlands
Washington, D.C.-based developer Penzance is off to the races with its 1.2-million-square-foot mixed-use development in West Rosslyn, Va., now named The Highlands. In September, the firm closed a $380 million construction loan with Mack Real Estate Credit Strategies for the three-tower luxury project—located just across…
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