This year, for GlobeSt.com's ADAPT awards, we considered a wide array of commercial projects throughout the county. The 2019 winner for best commercial project repurpose is Waikiki Village Motel.

MidAtlantic Realty Partners and Taylor Adams Associates are The Solstice II's developers.

The joint venture partners state their total investment in the properties, including the purchase price and planned capital improvements, will exceed $100 million.

Would further interest-rate cuts lower the cap-rate spread throughout the remainder of the year? That depends on when the cuts occur, and how much they change.