SAN DIEGO—The spread between value-and stabilized property returns is abnormally high, which is why this 10-year-old firm looks to add value for higher cap rates, its principals tell GlobeSt.com in this <b>EXCLUSIVE</b> story.

GERMANTOWN, MD—Matan Cos. invested $3 million in the 133,140-square foot building's renovation.

WASHINGTON, DC—The TIAA-CREF, Norges JV is acquiring the building from The Republic Family of Cos., a source tells GlobeSt.com.

NEW YORK CITY—Ashkenazy Corp. has picked up a site with a vacant building and enough air rights for significantly more space in the Throgs Neck section of the borough.