From
Monday's WaPo Capital Business: "Real estate developers and brokers in Southeast Washington say that Kaplan has been looking for office space suitable for the opening of a law school near the
Washington Nationals' baseball stadium.
"Speaking on condition of anonymity because they are not authorized by Kaplan to discuss the company's plans, the sources say Kaplan hired the real estate brokerage firm Jones Lang LaSalle and has been seeking up to 130,000 square feet in the Capitol Riverfront Business Improvement District, around the Nationals' park, so it can open a law school there in 2013."
There's not much additional meat in the story, other than saying that Akridge (which owns the
Half Street block northwest of the ballpark) is one of the developers vying for Kaplan's attentions. There's certainly a number of
planned office buildings that could accommodate 130,000 square feet, and maybe the credit markets have shaken out enough that a lease taking 50 percent-ish of a building would be enough to get a construction loan. But there's also the issue of whether some
proposed federal aid rules might hamper Kaplan's plans for expansion. [Full disclosure: Kaplan is owned by the Washington Post Co., my corporate overlords in my non-JDLand real life.]
We shall see....