Adrian Maties
More Affordable Housing Coming to D.C.
The District is determined to create more affordable housing for its residents. Last month, Mayor Muriel Bowser attended several events that highlighted the city’s commitment to this initiative.
McCormick to Build New Headquarters in Hunt Valley
McCormick & Company, Incorporated is not leaving Baltimore County and the state of Maryland. At the end of April, the company announced that it has selected the site for its new headquarters. The facility will be located at 99 Shawan Road in Hunt Valley.
DTZ Arranges Financing For Baker’s New Portfolio
Earlier this year, First Potomac Realty Trust sold its last remaining properties in the Richmond region for $60.3 million. At that time, the company did not reveal the name of the buyer. However, it has now come to light that Baker Properties LP, a division of the White Plains, N.Y.-based Baker Companies, specializing in commercial real estate development and acquisitions of warehouse and flex buildings, acquired the six-business park portfolio.
Castle Lanterra Unveils New Details for its 222 Saratoga Apartment Project In Baltimore
At the start of the year, Castle Lanterra Properties entered the Baltimore market with the purchase of the apartment building at 222 E. Saratoga Street from RWN Development Inc., for $13.5 million. At that time, the New York-based company said it planned to improve the property. Now, it has revealed more details about the project.
U.S. Lacrosse Breaks Ground on $15M Headquarters in Sparks
U.S. Lacrosse has finally started work this month on its new national headquarters complex. The project is being developed in Sparks, a community in Baltimore County. It will cost $15 million.
Redbrick, David Werner Buy 2,175-Unit Apartment Portfolio in Fairfax County
After registering several important transactions in April, the Greater Washington apartment market ended the month in full force, with the sale of a 2,175-unit multifamily portfolio in Fairfax County.
Cabela’s to Build 81,000 SF Store in Avon
By Adrian Maties, Associate Editor Cabela’s Inc. plans to open another store in the state of Ohio. This time, it will be located it the Greater Cleveland area. Construction on the Avon store is expected to start later this year, with an opening set for the fall of 2016. The cost of the project was […]
Ameritas Marks Completions in Forest Park
On Thursday, April 30, Ameritas, a Nebraska-based financial services firm, held a ribbon cutting ceremony to celebrate the completion of two building projects at its Forest Park campus. Together, the office buildings at 1876 Waycross Road and 1880 Waycross Road offer more than 270,000 square feet of space.
Joint Venture Buys D.C.’s Envoy Apartment Community for $27M
CBRE has recently announced the sale of another apartment property in the Washington, D.C. area. The Envoy, located at 2144 California Street, NW, is the third multi-family property to change hands this month in the region, following the sales of the 727-unit Cooper’s Crossing and the 399-unit Gramercy at Metropolitan Park.
MCR Development Completes another Hotel Renovation in Greater Baltimore
MCR Development, one of the largest hotel owner-operators in the country, has completed the renovation of a Greater Baltimore area hotel in April. The TownePlace Suites by Marriott Arundel Mills BWI Airport is now ready to receive guests.