Adrian Maties
KBS, Lionstone-Penzance JV Buy Northern Virginia Office Properties
Two Northern Virginia office buildings have changed hands this month. They are Reston Square, in Reston, and 4040 N. Fairfax Drive, in Ballston.
Marriott Debuts its First New Downtown Richmond Hotels in 20 Years
On Monday, December 8, Marriott International, Inc. opened the first new Marriott hotels in downtown Richmond in 20 years. The new Courtyard Richmond Downtown and the new Residence Inn Downtown Richmond are connected and share an open lobby and entry.
Oxlean to Invest $2.1M to Expand Steel Fabrication Facility in Walker
Oxlean Manufacturing LLC announced this month it plans to invest $2.1 million, to expand and modernize its steel fabrication facility in Walker. The project will create 73 new jobs.
Watergate Hotel to Open Next Summer
In just a few months, Washington, D.C.’s iconic Watergate Hotel will once again be ready to receive guests. Euro Capital Properties, an international real estate developer based in New York and the property’s current owner, has recently announced that the hotel is scheduled to open in summer 2015, following an extensive $125 million renovation.
Chesapeake Realty Partners’ ‘Industrial Chic’ Apartments Coming to South Baltimore
The south end of Charles Street, in Baltimore, was once an unattractive industrial area. But that all changed in the last few years. It all started in 2012, with the opening of 1901 South Charles and its 193 luxury apartments, and more apartments are on their way.
David Tufaro’s Whitehall Mill Mixed-Use Project to Break Ground Early Next Year
A new mixed-use project is coming to Baltimore. David Tufaro and his company, Terra Nova Ventures, plan to break ground early next year on a retail, office and apartment complex on Clipper Mill Road. It will be known as Whitehall Mill.
Red Lion Hotels Corporation Buys Historic Baltimore Property, Plans to Reopen it As New Hotel RL
Red Lion Hotels Corporation has recently acquired Baltimore’s historic Keyser Building, for $15.7 million. The Spokane, Washington-based hospitality company plans to reopen the property as a Hotel RL, a new brand, which it launched this fall.
Kent State to Invest More Than $142M in Construction, Renovation Projects
On Wednesday, December 3, Kent State University announced it will spend more than $142 million for the construction and renovation of several buildings on its campus.
Finmarc Buys Laurel Commerce Center for $6M
Finmarc Management, Inc. has recently announced the acquisition of another commercial property in the Greater Washington, D.C. area. The Bethesda-based commercial real estate firm has purchased the Laurel Commerce Center for $6 million.
Artspace Hamilton Lofts Signs 3 Retail Tenants
Artspace Hamilton Lofts is a $11.8 million mixed-use project, currently under development in downtown Hamilton. It is scheduled to open next spring. Recently, its developers announced the signing of three tenants for the retail portion of the project.