Globest Sectors

Acacia Capital purchases Madrid Apartment Homes, a 230-unit luxury rental community here, which could generate greater returns through a future renovation program.

The new building—Corporate Commons Three at the Teleport—will complement the Nicotra Group-owned existing fully-leased Corporate Commons One (120,000 square feet) and Corporate Commons Two (180,000 square feet) properties at the campus.

Xenia also reported on Wednesday it had purchased The Ritz-Carlton Pentagon City, a 365-room luxury hotel in Arlington, VA for $105 million, or approximately $287,670 per key.

There has been a number of trades in the Washington DC area in recent weeks as the year is winding to a close.

Investors are looking for strategic bets. Could areas around ports be a prime spot for industrial developers?

For a while the REIT had been selling off its Washington DC-Baltimore area properties.

Duke will pay more than $500 million for a national portfolio developed by Bridge, which has even more space ready to sell.

Although it has seen a great deal of construction in the past few years, users still demand more space in this hot distribution center.