Adrian Maties
Verris Capital, Next Realty Grab Neighboring Retail Assets
Last week I wrote about the sale of Richmond’s Regency Square Mall to Thalhimer Realty Partners Inc. and the Rebkee Co. Now, news has surfaced that another retail property in the area has recently changed hands.
LCOR/CALSTRS Breaks Ground on 2,000-Apartment Complex in McLean
LCOR/CALSTRS is building more than 2,000 units in McLean. The company broke ground last week on the first phase of a seven-phase project expected to help fulfill the need for residential housing in the Tysons Corner area.
Marriott International to Open AC Hotel Washington, D.C. at National Harbor
Marriott International, Inc.’s is getting ready to open its third AC Hotels branded property in the United States. The AC Hotel Washington, D.C. at National Harbor will welcome its first guests next month. It will be the first AC Hotel in the Northeast.
Schupp Cos. Constructs World’s Only LEED Gold Hyatt Place
Greater D.C. is getting a new hotel. The Schupp Cos. broke ground last week on a new Hyatt Place hotel. According to the developer, not only will it be the first LEED Gold hotel in the Arlington area, it will also be the only LEED Gold Hyatt Place in the world.
JBG Sells Reston International Center to American Real Estate-Square Mile JV
The 15-story office tower known as the Reston International Center is now under new ownership. American Real Estate Partners purchased the property in a joint venture with funds managed by New York-based Square Mile Capital Management LLC. The sale price was $35 million.
Emergent BioSolutions to Expand Baltimore Manufacturing Facility, Create 158 New Jobs
Emergent BioSolutions is expanding one of its two Baltimore manufacturing facilities. And the state of Maryland is helping the biopharmaceutical company with a $2 million conditional loan from the Department of Business and Economic Development’s Maryland Economic Development Assistance Authority and Fund.
Boston Properties, Home Properties Reduce D.C.-Area Apartment Portfolios
Investors continue to show a lot of interest in the Washington, D.C. apartment market. Last week, it was revealed that three more apartment communities in the area have changed hands this winter or are under contract to change hands.
Old School Gets New Life as Affordable Housing
A former school in Cincinnati’s West End is getting a new chance at life. The old George E. Sands School will be renovated and redeveloped into affordable housing for seniors.
Dayton Scores High for Lifestyle, Affordability: Study
The city of Dayton is one of the best affordable places to live in the United States. Livability.com has placed the Gem City at number two on its recently released list of Best Affordable Places to Live. Only Round Rock, in Texas, is ranked higher.