Adrian Maties
GCS-SIGAL Starts Work on $82M Duke Ellington School of the Arts Modernization Project
The team of GCS-SIGAL, LLC, a joint-venture partnership between GCS, Inc. and SIGAL Construction Corporation, broke ground on December 19 on the Duke Ellington School for the Arts Modernization Project. Former Mayor Vincent Gray and many other school and local officials were present at the groundbreaking ceremony.
Castle Lanterra Buys Apartment Asset in Baltimore’s CBD
RWN Development Inc., a Maryland-based company, has sold the apartment building at 222 Saratoga E. Saratoga Street, in the Central Business District, to Castle Lanterra. It is the New York-based company’s first acquisition in the Baltimore market.
Monument Realty will Convert Baltimore Office Building into Apartments
Before the end of 2014, Monument Realty purchased the office building at 225 North Calvert Street, in Baltimore. The D.C.-based company plans to turn the 400,000-square-foot property into Class A apartments.
Wampold Cos. to Demolish, Rebuild on 5.5-Acre Apartment Site
Baton Rouge is getting a new luxury apartment complex. The Wampold Companies has finally started work on the Bayonne at Southshore, a new, luxury, rental community on Stanford Avenue.
Harbor Group Taps CBRE to Lease Downtown Norfolk Tower
The Harbor Group Management Company is looking to add new tenants to its office building at 555 East Main Street in Norfolk. The company has recently hired CBRE|Hampton as the exclusive leasing agent for the property.
MedStar Health to Build New Ambulatory Care Campus in D.C.
MedStar Health announced last week it has signed a long-term lease agreement with Beacon Capital Partners, LLC, and is getting ready to start work on a new ambulatory care campus at Lafayette Centre, in northwest Washington, D.C. The cost of the project is $26 million.
Columbia Property Trust Buys Reston Office Building
Columbia Property Trust, Inc. has added another office property to its Washington, D.C. portfolio. The publicly traded REIT has recently acquired the building at 1881 Campus Commons Drive, in Reston.
MRP Realty, Florida Rock Properties Break Ground on Phase One of Capitol Riverfront
On Tuesday, December 9, MRP Realty and Florida Rock Properties celebrated the official groundreaking of Phase One of the mixed-use Riverfront development. D.C. Mayor-elect Muriel Bowser was attended the ceremony together with Fred Rothmeijer, founding principal of MRP Realty, David H. deVilliers, president of FRP Development Group, and other government officials.
St. Elizabeth Plans 75 KSF Medical Office Building
Elizabeth Healthcare and St. Elizabeth Physicians announced last month their plan to open a new medical office building in Greendale, Indiana. The facility will be a multi-specialty center as well as an expanded primary care office for SEP’s Hidden Valley physicians.
Gaslight Properties Plans Upscale $17M M-F Project in Clifton
Gaslight Properties is keeping busy in Clifton. At the start of last month, the company purchased the 151-unit Overlook at Clifton, but that was not all. Just days after the acquisition, it was revealed that Gaslight plans to construct a new upscale apartment community in the area.