According to the Washington Business Journal, the State Oil Company of Azerbaijan Republic, acquired the 23,232-square-foot building Oct. 9 for about $516.5 per square foot.
SOCAR has paid $12 million for the Heldref Publications Building near Dupont Circle, a five-story building at 1319 18th St. NW that for years hosted elaborate receptions and events and was owned by the Kirkpatrick Jordan Foundation.
The building's sale was brokered by Jim Kazunas, president of Gaithersburg-based Hollywood Real Estate Services LLC. Kazunas said the property drew interest from prospective buyers from around the world because of its cache, including a European group that was interested in converting it into a hotel.
SOCAR has ties with the U.S. oil and gas industry, and several U.S. Senators have traveled to the country to meet with SOCAR officials and highlight the strategic relationship between the two companies.
James Connelly, a vice president with Lincoln Property Co. who handles leasing at the building, said there was strong interest in the property both because of its historic nature and the high concentration of universities, embassies and government agencies in the area. Connelly said SOCAR plans to use the buildings for its offices and related events.
The building features an ornately decorated ballroom and other architectural touches. It was constructed in 1900. The property is assessed at $9.5 million, according to D.C. property records.-0-
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On January 11, the weather in Baku will be changeable, with no precipitation expected. In some areas of the Absheron Peninsula, short-term rain showers are possible in the morning. A moderate southwest wind will blow.
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Aiming to provide the best digital experience for its customers “Azercell Telecom” LLC enhancing the technological capabilities of its mobile app. Now, Azercell subscribers can easily discover and take advantage of personalized offers directly within the app.
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In 2017, the Sumgayit City Court ruled to evict the Aliyev family—refugees from Gubadli (Akper, Sarvinaz, Ramil, and two other family members)—from an illegally occupied apartment in the 12th microdistrict, Building 7A, Apartment 35. The court ordered the property be returned to its rightful owner, Samaya Aliyeva. However, the Ministry of Justice intervened, citing a presidential decree from July 1, 2004, which approved a state program for improving the living and working conditions of refugees. Under this directive, refugees without alternative housing cannot be evicted until they are provided with a replacement residence by the Executive Authority.
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On January 10, the weather in Baku and the Absheron Peninsula will be cloudy, with no precipitation. A moderate southeast wind is expected. At night, temperatures will range from +5°C to +8°C, and during the day, from +9°C to +14°C. Humidity will be 80-85% at night, and 65-70% during the day.
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