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BALTIMORE, MD-The 188,000-sf Chesapeake Park Plaza and the 210,000-sf, two-structure Webster Business Center find new owners in Webster Chesapeake Associates LLC, which acquired the complexes in a $12 million transaction.
WASHINGTON, DC-Infamous Atlanta, GA-based restaurant chain Hooters of America Inc. opens its first location in the District with the debut of its 4,500-sf space in the city's downtown area today. There are five other locales in the Metropolitan Washington, DC region.
RICHMOND, VA-United Dominion Realty Trust Inc. makes an addition to its staff with the recent hiring of 20-year real estate industry operator Dan Adams. The former chief operating officer of Digital Lighthouse Corp. will be the company's executive vice president of operational strategy.
FAIRFAX COUNTY, VA-Fairfax County holds on to its position as the Metropolitan Washington, DC area's leader in the commercial office market with the surpassing of the 100 million sf mark. For 2002, 112 companies relocated or expanded in the county
RESTON, VA-The structure at 1950 Roland Clarke Place commands $11.5 million, or $150 per-sf, in a transaction between seller Cornerstone/Mass Mutual and buyer law firm Greenblum and Bernstein PLC.
ALEXANDRIA, VA-In a $75-million transaction, Crescent at Carlyle becomes the property of an unnamed overseas client of Falcon Real Estate Investment Co. The 212,000-sf, class A office property is fully leased through 2018 by law firm Oblon, Spivak, McClelland, Maier & Neustadt PC.
HANOVER, MD-The Dialysis Corp. of America steps up its presence in the Metropolitan Washington, DC region with the planned development of a new dialysis center in the Northern Virginia area. The facility will be anywhere from 5,000 to 7,000 sf in size.
RICHMOND, VA- Real Estate Research Corp. brings in a heavy hitter to lead its Mid-Atlantic region activities. Robert Gray, the president of Robert Gray and Co., will concentrate his efforts on consulting and analysis for regional markets from Washington, DC to Philadelphia.
WHEATON, MD-Westfield Shoppingtown Wheaton secures a commitment for a fourth anchor in the mall with the recent announcement that a Macy's store will soon occupy the spot. The store will have 180,000 sf of retail space over two floors.
ROCKVILLE, MD-Three out of five of the Kmart stores in Federal Realty Investment Trust's portfolio have been designated for closing as a result of Kmart Corp.'s bankruptcy reorganization plan. The properties account for a total of 326,000 sf in New York, Pennsylvania, and Virginia.
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