Adrian Maties
USAA to Leave Norfolk, Move 500 Employees to Chesapeake
USAA plans to move over 500 employees from Norfolk to Chesapeake by the end of the year. The San Antonio-based financial services company will move from its mid-Atlantic regional office at 5800 Northampton Blvd.
Phillips Edison-ARC Shopping Center REIT Buys 40th Grocery-Anchored Shopping Center
Phillips Edison–ARC Shopping Center REIT Inc. acquired another shopping center on April 23. The Cincinnati-based public non-traded REIT paid $7.3 million for the Hartville Center in the Greater Akron Metropolitan Area
Wright State Breaks Ground on $37M Neuroscience Engineering Collaboration Building
Wright State University broke ground on Thursday, April 25, on a new, state-of-the-art facility within the biomedical and engineering research hub on the Wright State campus. The Fairborn-based public research university is developing the project in partnership with Premier Health Partners, the largest health care network in Dayton.
Normandy Hotel Sells in Washington
Modus Hotels, a Washington, D.C.-based owner and operator of lifestyle hotels, has partnered with Alex. Brown Realty (ABR), a real estate manager based in Baltimore, to purchase the Normandy Hotel in Washington, D.C.’s Dupont Circle. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the venture.
St. John Properties, Inc. Reveals Plans for $100M Greenleigh at Crossroads Project in White Marsh
St. John Properties, Inc. and Somerset Construction Company unveiled plans on April 24 for a $100 million mixed-use development in Eastern Baltimore County, the next phase of Baltimore Crossroads.
Messer Construction Tapped for $370M OSU Project; Review Shaves Budget by $26M
The Ohio State University announced last week it has selected Messer Construction to lead the team of construction and design firms that will work on the construction and renovation of the North Residential District. The project is now expected to cost $370 million.
Weston Offers 93,000 SF of Industrial Space for Lease in Twinsburg
The Cleveland industrial market has had a good start to 2013. This is why Weston Inc., a commercial real estate company and one of Northeast Ohio’s largest privately held industrial building owners and managers, is offering 93,000 square feet of industrial space at its new facility in Cleveland’s Southeast Submarket.
Florence’s Village at the Mall Sold to Private Investor
The Village at the Mall, a retail center in the Cincinnati/Northern Kentucky metropolitan area, was sold to a private investor this month. The terms of the deal were not disclosed.
Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg
Tanger Factory Outlet Centers Inc., a publicly-traded REIT headquartered in Greensboro, North Carolina, and The Peterson Cos., one of the largest privately-owned real estate development companies in the Washington, D.C. region, have joined forces to bring a new, upscale outlet center to the Washington, D.C. metro area.
Kaiser Permanente Opens The South Baltimore County Corner Medical Center in Halethorpe
Kaiser Permanente of the Mid-Atlantic States, an award-winning not-for-profit health plan and care provider, has opened a new, state-of-the-art medical center this month, in Halethorpe, Maryland. Called the South Baltimore County Corner Medical Center, it will offer ”a broad array of services including specialty and primary care.”