Adrian Maties
$36M Mixed-Use Facility to Replace Plumber’s Building in Brentwood
Prince George’s County Executive Rushern L. Baker, III and other local and municipal officials were present in Brentwood, on Wednesday, February 18, for the demolition of the Plumber’s Building. The old facility at 3807 Rhode Island Avenue will make way for a new, mixed use building, with housing, retail and work space for artists.
Sanders Kicks Off Work on $17M Rehab Center
The Cincinnati area is about to get another hospital. On Monday, February 23, The Sanders Trust announced it has started work on the Reliant Norwood Rehabilitation Hospital. Construction is expected to take about 11 months, with the new facility scheduled to open in February 2016.
AK Steel Plans $36M R&D Facility in Middletown
AK Steel plans to build a new, world-class Research and Innovation Center in the city of Middletown. The West Chester-based steel company announced the project on Monday, February 23. It is expected to cost $36 million.
Next Role for 1929 UC Building: High-Tech Hub
The University of Cincinnati’s Campus Services Building is about to get a makeover. On February 24, the university’s Board of Trustees approved $16 million in funding to renovate the old facility at 2900 Reading Road. It will be transformed into a hub of entrepreneurial innovation, a future home for startup companies born of UC-developed technologies.
Construction Starts on D.C.’s $400M Museum of the Bible
Construction of the massive Museum of the Bible, D.C.’s newest museum, started this month with the surgical demolition of a 1982 addition to the historical building at 400 Fourth St. SW. The more than $400 million project is expected to be completed in the fall of 2017.
New Clay House to Get $12M Makeover
Richmond’s New Clay House is about to get a makeover. On Monday, February 23, the Richmond City Council and Planning Commission approved a project that will renovate and expand the permanent housing facility for the homeless.
Terreno Realty Corporation Pays $10.4M for Another Industrial Property in Annapolis Junction
Terreno Realty Corporation has acquired another industrial property in the Baltimore/Washington Corridor. The San Francisco-based company paid approximately $10.4 million to buy the property at 9070 Junction Drive, in Annapolis Junction. The deal closed on February 19.
Southern Lifestyle To Build $325M Mixed-Use Development on Former Cattle Ranch
A Lafayette-based developer plans to start work on a massive, mixed-use development in the Baton Rouge metro area. The $325 million project will replace a former cattle ranch with retail stores, apartments and homes.
Baltimore-Washington Corridor Office Building Sells for $9.35M
A Greater Baltimore office property has recently changed hands. The Dorsey Business Center, in Elkridge, was acquired by a joint venture of CSG Partners and Blue Vista Capital, for $9.35 million.
Transwestern Lists Two Large Prince George’s County Apartment Communities
Two large multifamily properties in the Washington, D.C. metropolitan area are now for sale. The Donaldson Group has hired Transwestern’s Bethesda-based Mid-Atlantic Multifamily Group to market Andrews Ridge, in Suitland, and Regency Pointe, in Forestville. The two properties offer a total of 1,091 apartment units.