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WESTFIELDS, VA-The $12.6 million office complex Liberty Center at Westfields is able to welcome its government subcontractor tenant earlier than expected as contractor Bovis Lend Lease completes construction of the 165,000-sf build-to-suit four months ahead of schedule.
ROANOKE, VA-The 133,600-sf manufacturing plant at 7702 Plantation Road has been sold in a $3.2 million sale-leaseback arrangement between owner and occupant Atlanta, GA-based BSC Ventures LLC, and buyer Autumn Investments. BSC will leaseback the space for its Double Envelope and Convertagraphics subsidiaries.
RICHMOND, VA-A $10 million loan is secured for the redevelopment of the historic structure at 15th and Dock streets. John B. Levy & Company facilitated the financing package for the 112,000-sf, class A office structure, which is currently only 30% pre-leased.
RICHMOND, VA-Multifamily REIT United Dominion Realty Trust Inc. announces a debt offering of as much as $228 million. The company is offering to purchase back outstanding debt securities from two series of notes scheduled to mature in 2006 and 2024.
ARLINGTON, VA-The Hudson, a 293-unit apartment complex to debut next summer, secures a $51.25-million financing package from Chicago-based Corus Bank. The project will consist of an archway-linked high-rise structure and a condominium-style building.
DANNVILLE, VA-Universal Leaf Tobacco Company Inc. makes room for 38 more employees with a planned $28 million makeover of its Pittsylvania County plant. Virginia beat out North Carolina as the location for the upgrade, which will allow Universal to substantially expand its processing capabilities.
WASHINGTON, DC-The once-popular but recently closed Hogates Seafood Restaurant gets snapped up by the National Capital Revitalization Corp. in a $5.5 million leasehold deal. NCRC will sublease the property before redeveloping it and surrounding acquisitions as part of the Anacostia Waterfront Initiative.
JESSUP, MD-Giant Food Inc. breaks ground on a new 370,000-sf distribution center that will cost a reported $45 million to develop. The new 73-acre perishables facility will replace the company's aging Landover, MD center, and will ultimately employ 550 workers.
ROCKVILLE, MD-Telenor Satellite Services has committed to move its new headquarters to a 38,000-sf space in the class A Tower Building on the sprawling Tower Oaks mixed-use campus. Space in the 10-story, 260,000-sf, environmentally and technology friendly structure leases for $32.50 to $34.00 per sf.
GLEN BURNIE, MD-Ownership of Glen Burnie Mall changes with local real estate company Petrie Ventures' recent acquisition of the 410,000-sf shopping center from Simon Property Group in a $20 million deal. Petrie plans a two-year renovation that will include a new Target store.
From Placer.ai
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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.
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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 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 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