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Crystal City Properties Were a Bust. Then Amazon Came Calling.

When JBG Smith Properties went public in July last year, the real-estate company was burdened with a collection of aging office buildings in Northern Virginia that even the federal government rejected. JBG has been in negotiations with Amazon.com Inc., which has expressed interest in putting thousands of employees in these Crystal City office buildings, according to people familiar with the matter. The online retail giant is in advanced talks with Crystal City officials to award a slot as one of Amazon’s new headquarters, these people said.