adriancpe
Piedmont Exits Cleveland
Piedmont Office Realty Trust has left Cleveland and the Northeast Ohio market. The Atlanta-based REIT sold its last two remaining properties in the area in a transaction which closed on July 28.
Q&A With BECO Management’s Levi Cohen
The BECO Towers office complex in Owings Mills has so far this year been one of the Greater Baltimore office market’s success stories. Since this January, BECO Management, Inc. has leased more than 52,000 square feet of space at the 330,000-square-foot property, located just off of I-795, reducing the total vacancy by 50 percent.
A&R, City Housing Authority Break Ground On $120M Project
A&R Development and the D.C. Housing Authority broke ground last week on the $120 million Capitol Gateway Marketplace. The mixed-use project will bring retail options to a place which some have until now called ”a food and retail desert.”
P&G Distribution Center in Union Nears Opening
Procter & Gamble is getting ready to open its massive, new distribution center in Union’s Global Logistics Airpark. The $89 million project is bringing 800 new jobs to the Dayton area.
Executive Insights: Jeff Sussman, Property Group Partners
The $1.3 billion Capitol Crossing mixed-use development is one of the most ambitious projects currently under construction in Washington, D.C. It’s developed by Property Group Partners and it calls for the construction of a 2.2 million-square-foot mixed-use destination above a portion of I-395. Once complete, it will feature four office towers, a 150-unit apartment building, retail and many other amenities.
Hilton Worldwide to Launch New Canopy Hotel Brand at Rockville’s Pike & Rose
Hilton Worldwide recently announced its plans to launch a new brand of lifestyle hotels, called the Canopy. In the next few years, the company will open eleven such hotel in the United States and England.
Bozzuto, H&S Properties Development Announce Plans For $100M Apartment Tower In Baltimore’s Harbor East
Two developers plan to bring almost 300 new apartment units to Baltimore’s Harbor East. The Bozzuto Group and H&S Properties Development Corp. have now joined forces and are looking to add another high-rise to the city’s skyline.
Hines, Qatari Diar to Build 370-Room Conrad Hotel
Starting 2018, Washington, D.C., will be the home of a new luxury hotel. The developers of CityCenterDC, Hines, a privately owned real estate firm, and Qatari Diar, the real estate development entity of the Qatar Investment Authority, have recently reached an agreement with D.C. Mayor Vincent C. Gray to design and build the 370-room Conrad Washington, D.C., the newest property in the Conrad Hotels & Resorts luxury brand portfolio operated by Hilton Worldwide.
CyrusOne Buys Downtown Cincinnati Building; Flaherty & Collins Snaps Up Oakley Site
CyrusOne Inc., the wholly owned subsidiary that owns and operates Cincinnati Bell Inc.’s data center business, has acquired its parent company’s downtown Cincinnati building.
Clark Awarded $215M Inova Women’s Hospital & Children’s Hospital Construction Contract
By Adrian Maties, Associate Editor The Clark Construction Group recently announced its selection by Inova Health System to build the 665,000-square-foot Inova Women’s Hospital & Children’s Hospital, the largest phase of its capital improvement program. Clark is currently the top-ranked general contractor in Modern Healthcare’s Construction & Design Survey, with more than $1 billion in […]