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WASHINGTON, DC—Marriott is making good on its promise to have one million rooms open or in development, with its latest acquisition. Meanwhile, Fried Frank represents Carr Properties in the Fannie Mae deal.
HERNDON, VA—Government information technology software reseller DLT Solutions will be relocating its corporate headquarters this August to 2411 Dulles Corner Park here.
EDGEWATER, NJ—Two residents of the Avalon at Edgewater luxury apartment complex have filed a federal class action lawsuit in connection with the devastating five alarm fire last month that destroyed more than half of the units there.
PARAMUS, NJ—Bergen County Executive James Tedesco remains committed to not selling the county-owned Bergen Regional Medical Center here and plans to establish a committee to make recommendations on the hospital's future.
TUCSON—Tucson's Retail big box space has had a healthy year of absorption with the bulk of the leasing happening in the core of the city while the peripheral areas of town continue to see big boxes remain vacant. As we've seen in the last several quarters since the slowdown of new housing construction, Tucson is definitely a Tale of Two Cities.
NEW YORK CITY—The outsourcing agreement for about $46 billion in assets under administration puts BNY Mellon into the ranks of the largest real estate fund administrators in the global market.