Engel & Völkers Announces Entrance into Washington, DC 

The global luxury real estate brand expands into the nation’s capital, marking an important milestone in its growth along the Eastern Seaboard 

Engel & Völkers today announced its first shop opening in the District of Columbia, located on 14th Street NW in the U Street Corridor neighborhood. Formerly GreenLine Real Estate, the newly established Engel & Völkers Washington DC is led by license partners Rick Foster, Tom Spier, Phil Di Ruggiero, and Travis Gray. Spier and Di Ruggiero co-founded GreenLine Real Estate in 2012 and bring more than 20 real estate professionals specializing in marketing luxury properties and new construction residential real estate sales across the District of Columbia Maryland and Virginia. Foster is also the owner and license partner of Engel & Völkers Annapolis and Engel & Völkers Ocean City. 

The new shop will serve neighborhoods across Washington, DC, as well as Montgomery and Prince George’s Counties in Maryland and Arlington, Alexandria, and Fairfax Counties in Virginia. 

“The DMV Corridor is a true global real estate destination, home to government officials, contractors, foreign diplomats, and leaders in healthcare, education, and technology, as well as all of the ancillary industries that underpin the regional economy and support DC as a hub for innovation,” said Anthony Hitt, president and CEO, Engel & Völkers Americas. “It’s an important market in both our North American and global expansion, and I am confident that the experience, local market expertise, and dedication to luxury client service that Rick, Tom, Phil, and Travis bring to the venture will be welcomed by local clients.”

Engel & Völkers Washington DC is located in the heart of the diverse communities and distinct neighborhoods it serves—from the charming cobblestone of Georgetown and tree-lined streets of Chevy Chase to the nightlife of the U Street Corridor. Properties vary greatly, with the market offering luxury high-rise condominiums in rapidly developing parts of the city, historic brick row houses, large single-family homes on private lots, executive estates along the Potomac River, and more. As a center of political and economic power, it is an attractive place to both live and invest. It also offers a unique cultural vibrancy as the result of numerous national museums, festivals, abundant green space, and world-class dining and shopping. 

“With major global organizations headquartered in the Washington, DC metropolitan area, many buyers with backgrounds in international relations, trade, business, finance, and the arts initially come here for a job opportunity but stay or maintain a residence in the city thanks to the quality of life they find here,” said Foster. “The power and recognition of the Engel & Völkers brand around the world is a huge advantage in our market. Capitalizing on the company’s strong referral network, we will be able to serve our clients’ local real estate needs while seamlessly connecting them with real estate professionals in more than 30 countries—all while knowing that the highest standard of luxury service will be upheld throughout.”

“The real estate market in our area is very dynamic, with a constant influx of individuals relocating for work opportunities.,” added Spier. “The ability to connect with like-minded real estate professionals around the country—and the world—to service these clients as part of the Engel & Völkers network is compelling. Furthermore, our team of real estate professionals will benefit greatly from the tools, resources, and support provided by the brand, allowing them to reach their full potential and best serve our clients. I believe Engel & Völkers’ presence in Washington, DC will elevate the standards of the profession and quality of client experience across the region.”

To learn more visit washingtondc.evrealestate.com.

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