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Volkswagen has struck a deal that will have Tradepoint Atlantic build a 166,000-square-foot import processing facility on 115 acres for Volkswagen Group of America.
College officials stressed that the planned move of the college's graduate programs and the Alliance Theological Seminary to its Manhattan campus at 2 Washington St. in Lower Manhattan will proceed as originally planned for the fall 2019 semester.
Transwestern Commercial also announced today its Mid-Atlantic Multifamily Group has been named the exclusive agent for the sale of Ashton Heights, a 283-unit, high-rise apartment community at 3901 Suitland Road in Suitland, MD.
Globest.com recently asked Philippe Houdard, co-founder of Pipeline Workspaces, to discuss the forces behind the growth in flex space in the Sunshine State and what it means for the future of co-working space here.
The Deutsche Finance America-Bilgili Holding and SHVO joint venture purchased the property in an all cash transaction in partnership with a number of Germany's largest institutions, including Bayerische Versorgungskammer—Germany's largest public pension fund manager.
The second tranche of the purchase involves an unidentified property that is currently under construction. When the purchase of that property closes, the deal will bring the total five-property portfolio to change hands at 531 units and the total purchase price at $130 million.