Adrian Maties
Two New Hotels Open in Akron
On Friday, November 14, Homewood Suites by Hilton announced the opening of its newest property in the state of Ohio. Called the Homewood Suites by Hilton Akron Fairlawn, OH, it is the brand’s first hotel in the Akron area and its fifteenth in the state.
Smithsonian Unveils Plans for $2B South Mall Campus Renovation
By Adrian Maties, Associate Editor The Smithsoninan plans to renovate its South Mall campus. Last week, the institution unveiled a $2 billion master plan to revitalize the museums and gardens along Independence Avenue S.W., from Seventh to 12th streets. Denmark-based Bjarke Ingels Group, a noted international architectural firm, was hired to design the plan. It […]
Capital Investment Breaks Ground on $80M Project in Newport
Cincinnati-based Capital Investment Group Inc. broke ground last week on the $80 million expansion of Newport on the Levee. Called Aqua on the Levee, it will bring apartments, retail, parking spaces and the region’s first Aloft hotel.
Hampshire Properties Buys The Seasons At Bel Air Apartments For $80M
Another Greater Baltimore area apartment complex has recently changed hands. CBRE Capital Markets announced last week that Hampshire Properties paid $80 million to buy the Seasons at Bel Air garden community.
UIP, Criterion Buy Two Apartment Communities Near Fort George G. Meade for $39.3M
Urban Investment Partners and Criterion Holdings have recently acquired two apartment communities located near Fort George G. Meade for a total of $39,340,000. Together, the two Baltimore/Washington Corridor properties have 385 units.
Terreno Realty Corporation Buys Annapolis Junction Industrial Property for $13.8M
By Adrian Maties, Associate Editor Terreno Realty Corporation is expanding its Mid-Atlantic portfolio. On Monday, November 17, the San Francisco-based company purchased an industrial property located in Annapolis Junction. The price of the transaction was approximately $13.8 million. The property is located on 6.3 acres of land, at 9020 Junction Drive, right in the center […]
Executive Insights: Bryan Keller, RubinBrown
Bryan Keller, partner in charge of RubinBrown’s Real Estate Services Group, offers insight from the consulting firm’s recently released multi-family report.
Interbake’s Old Factory Finds New Life as Upscale Lofts
By Adrian Maties, Associate Editor A venerable Richmond factory where Girl Scout Cookies were once baked is finding a second life as an apartment complex. Following a $24 million makeover, the FFV Interbake Building officially reopened Nov. 15 as the Cookie Factory Lofts. From 1927 to 2006, the six-story factory served as the headquarters and […]
M-F Development Thrives Across Cincinnati Region
Multifamily development is on the rise in Cincinnati. Thanks to the improved employment growth, rising household incomes and strong apartment operations, many developers are building or looking to build apartments in the Cincinnati area.
Federal Realty Investment Trust to Start Work on Phase II of Pike & Rose
Federal Realty Investment Trust announced at the end of October its plans to soon start work on Phase II of Pike & Rose, a new, pedestrian-oriented, mixed-use neighborhood in Montgomery County. On Tuesday, November 18, the company will hold a ribbon cutting ceremony to celebrate the official grand opening of Phase I and to mark the start of Phase II.