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ARLINGTON, VA-The 172-unit, 44-year-old, Quebec Apartments complex emerges from an $11-million renovation after a year of upgrades and improvements. To accommodate a greater percentage of larger families in the area, property owner Silverwood Associates Inc. converted many two-bedroom units to three-bedroom apartments.
BALTIMORE, MD-Constellation Energy Group's subsidiary Constellation Health Services leaves the assisted-living property business with the disposition of 15 such complexes in a $77-million deal. Five Star Quality Care and Senior Housing Properties Trust acquire the facilities in a joint transaction.
WASHINGTON, DC-Oncor International, the umbrella organization of more than 50 independent commercial real estate firms, makes plans to vacate its Washington, DC headquarters for Chicago early next year. The company's decision to leave the District after four years is all about location.
ORANGE COUNTY-Adhesive product developer Lohmann Corp. reveals plans to construct a 25,000-sf manufacturing plant in the 155-acre Thomas E. Lee Industrial Park. The $5.7-million endeavor is expected to get under way in December and is scheduled for completion in August 2003.
PRINCE FREDERICK, MD-The new 92-acre Patuxent Business Park takes its first steps with a groundbreaking ceremony and plans for its first building, on which construction will begin next spring. Ultimately, the park will offer 650,000 sf of office, flex, and possibly light industrial space.
BALTIMORE, MD-Leading book retailer Barnes & Noble Booksellers comes to Festival at Woodholme Shopping Center, committing to a lease on a 24,500-sf space in the 81,000-sf upscale strip mall. The store is scheduled to make its debut in July of next year.
WASHINGTON, DC-Results of the National Multi Housing Council's third quarter Survey of Apartment Conditions reveals that while sales volume is on the rise, market tightness is taking a hit. The numbers, industry officials say, are reflective of the current economic climate.
ALEXANDRIA, VA-Construction of Avalon at Arlington Square II--the 332-unit, final phase of a two-part development project--has come to an end. The $42.6-million luxury community of apartment homes is already 63% leased, and came in under schedule and under budget.
PORTSMOUTH, VA-APM Terminals Virginia Inc.'s plans for a $385 million marine terminal are now official with the company's recent submission of a proposal to the US Army Corps of Engineers for approval.
BALTIMORE, MD-Development of the Reginald F. Lewis Museum of Maryland African American History and Culture gets going courtesy of a $21.3 million cash infusion for construction from the Maryland Board of Public Works.
From 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.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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 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 TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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