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ARLINGTON, VA-MeriStar Hospitality Corp. obtains a $56 million financing package to partially fund its recent $93 million acquisition of the Ritz-Carlton, Pentagon City Hotel in the Washington, DC suburb of Arlington. The loan is being secured by the 366-room luxury hotel.
ALLEGANY COUNTY, MD-American Woodmark Corp. will accommodate its growing business by building a new 250,000-sf manufacturing building in the 150-acre Barton Business Park. The cabinetmaker will spend $12 million to complete the facility, which is expected to open sometime next year.
PRINCE WILLIAM COUNTY, VA-A new 100,000-sf manufacturing facility at Innovation@Prince William Technology Business Park is in the works for Mediatech Inc., a life science products manufacturer. Scheer Partners Inc. is spearheading development of the $10 million state-of-the-art building, which is scheduled to get under way later this summer.
ANNAPOLIS, MD-The State of Maryland may very well find itself with $8 billion in its pockets if it follows through with a potential plan to dispose of part of its vast real estate portfolio. The desire to decrease its property assets is a result of Maryland's having found means to diminish state offices' demand for space.
BOWIE, MD-Free State Mall, a 323,000-sf grocery-anchored shopping center, is in for more changes as owner JBG Rosenfeld Retail announces Phase II of the redevelopment of the three-decade-old property. If all goes as planned construction of the project's second segment will begin by the first quarter of next year.
ASHBURN, VA-The 470,000-sf, multi-structure Beaumeade Corporate Park welcomes a new tenant to its midst. Picture frame parts importer and distributor Turner Associates Inc. will relocate its headquarters to a 36,000-sf space at the property under a three-year lease.
WASHINGTON, DC-The 275,000-sf office tower at 80 M St. gets a new owner as Wells Investment Trust II Inc. snaps up the class A property in a recent transaction valued at a rumored $105 million. Developed in 2001, 80 M St. is currently leased to maximum capacity.
HALETHORPE, MD-The Maryland Food Bank moves into its new home, an 87,000-sf facility on Halethorpe Farms Rd. The warehouse will allow the food distribution organization to stock four times the amount of products they could hold at their former facility.
ROSSLYN, VA-Ownership of Commonwealth Tower changes hands in a recent deal valued at $131 million. CarrAmerica Realty Corp. makes the 350,000-sf office facility the newest addition to its portfolio of properties, taking the class A property off the hands of Kan Am Commonwealth Towers LP.
ANNE ARUNDEL COUNTY, MD-Expansion of Burwood Village Center continues as owner Greenberg Commercial kicks off Phase III of the endeavor. The newest segment of the project, which is already 65% pre-leased, will add 15,300 sf to the 116,000-sf shopping center.
From Placer.ai
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Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource