Washington DC's Real Estate Icons
by John Jordan
Rosslyn, VA - April 2012 - The leaders in the DC commercial real estate industry come from different backgrounds and, in some cases, made their bones and fortunes in other fields. For example, one founded the first television network for African Americans, another was a noted banker and still another has made headlines as the managing principal owner of the Washington Nationals. Yet the common thread among these titans are that they have each put their personal mark on this area through their investment in time, capital and imagination. All without exception are also heavily involved in civic and philanthropic causes that benefit thousands and make living in the DC area that much better. Here's a look at some individuals who have helped shape-continue to influence-the local market.
As president and CEO of Monday Properties, Anthony Westreich's dogged determination and confidence in the DC market, and specifically Rosslyn, VA, give him a spot on this list. The company, focused mainly on DC and New York City, is building, on spec, 1812 N. Moore St., a 35-story, 580,000-foot LEED Platinum-registered office property in Rosslyn. Westreich established Monday Properties in 2004, two years after he acquired New York City-based Max Capital Management Corp. and its four-million-square-foot portfolio. He later purchased a 10-building portfolio in Rosslyn formerly owned by his father, Stanley Westreich, co-founder of Westfield Realty, from Beacon Capital Partners for a reported $1.2 billion. Under Westreich's leadership, Monday Properties has completed $9.8 billion in transactions representing 21.9 million square feet and has leased more than 6.5 million feet of space.