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ARLINGTON, VA-The 465-unit Gates of Arlington low-income housing complex becomes the property of affordable housing developer AHC Inc. in a $35.5 million deal. AHC received assistance from County officials who feared the building would be redeveloped as high-end residences.
CHESTER, VA-The Hampton Inn Chester gets a new owner as Winston Hotels Inc. sells the property in a $3.3-million deal. The 66-room hotel has been part of Winston's portfolio since 1994 when Winston purchased it months after its construction.
ARLINGTON, VA-The 14,000-sf retail section of the new Jefferson at Clarendon Centre gets a leasing agency as developer JPI puts JBG Rosenfeld Retail in charge of the project. The ground-level retail space in the 12-story mixed-use building can accommodate as many as four restaurants.
ARLINGTON, VA-Developers of One Liberty Center are now in receipt of a financing package for the amount of $76.6 million. The 315,000-sf office building is just one phase of a multi-faceted project that will result in the 1 million-sf mixed-use development Liberty Center.
ARLINGTON, VA-Developers of One Liberty Center are now in receipt of a financing package for the amount of $76.6 million. The 315,000-sf office building is just one phase of a multi-faceted project that will result in the 1 million-sf mixed-use development Liberty Center.
BALTIMORE, MD-The Baltimore Development Corp. gets approval from the County Board of Estimates to assist in the massive $14-million upgrade of Belvedere Square shopping center. Owners of the 16-year-old 101,000-sf retail property hope the renovation will restore the center's original popularity.
BALTIMORE-Realization of a 60,000-sf Giant Foods supermarket in the city's Waverly Business District nears as Baltimore Development Corp. receives approval from the Board of Estimates to help facilitate the project. Vanguard Equities is the developer on the $8-million endeavor.
MCCLEAN, VA-Sunrise Assisted Living Inc. speeds up closing of the $170-million sale/long-term manage-back deal with a Macquarie Capital Partners LLC-led group of investors. The expedited closing makes funds more readily available, thereby allowing Sunrise to move forward with investment opportunities.
WASHINGTON, DC-Charlotte, NC-based Summit Properties Inc. makes plans to expand its presence in the Washington area--one of its core markets--with news that it will let go of its Texas properties and redirect resulting profits to deeper penetration here and in Southeast Florida.
ROCKVILLE, MD-Federal Realty Investment Trust finds itself in the midst of change ahead of schedule as Steven J. Guttman steps down as CEO and Board of Trustees chairman two months before his planned March resignation.
From Placer.ai
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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
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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