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Brothers in Arms

Two of the biggest, baddest, and boldest developers in Washington are banding together to buy nearly half-a-billion dollars worth of real estate in the D.C. region. Los-Angeles-based CBRE Global Investment Partners and Chevy Chase-based The JBG Cos. have formed a joint venture and will invest about $250 million in equity and acquire $500 million in office, retail and multifamily properties. [WBJ]