Adrian Maties
New VRE Rail Station to Open in Potomac Shores Master-Planned Community in 2017
Northern Virginia is getting a new rail station. Virginia Governor Terry McAuliffe was present on July 31 in Prince William County, together with many other federal, state, local and railroad officials, to celebrate the groundbreaking for the new Virginia Railway Express (VRE) station. The new station will be part of the Potomac Shores master-planned community and is scheduled to open in 2017.
INTERNATIONAL: Carlson Rezidor to Open Two New Hotels in Poland in 2016
Carlson Rezidor, one of the largest hotel companies in the world, is scheduled to open the Radisson Blu Resort, Świnoujscie and and the Radisson Blu Hotel & Residences, Zakopane in the fourth quarter of 2016.
MRP Realty-Rockpoint JV Buys Office Property in D.C.’s East End
Local real estate company MRP Realty has formed a joint venture with Rockpoint Group, LLC, a real estate private equity firm based in Boston, to purchase an office property in the East End submarket of Washington, D.C. The two companies announced on Monday, August 4, the acquisition of 1333 H Street from Miller Global Properties, LLC. The seller was represented by HFF.
The Baton Rouge Area Is The Fourth Best In The Nation For Construction Jobs Gain
The large number of construction projects in the Baton Rouge area are doing more than just changing the face of the region, they’re also adding jobs. And, according to data from the Associated General Contractors of America, they’re adding quite a large number of jobs.
Armada Hoffler To Buy Dimmock Square Retail Center in Colonial Heights
By Adrian Maties, Associate Editor Armada Hoffler Properties Inc. is looking to add another retail power center to its portfolio. On Monday, Aug. 4, the diversified Virginia Beach-based company announced that it is under contract to buy Dimmock Square Shopping Center in Colonial Heights. The deal is expected to close in the third quarter. Armada […]
Developers Break Ground on the Little Patuxent Square Mixed-Use Project in Downtown Columbia
Howard County Executive Ken Ulman was present in Columbia on Tuesday, July 29, to help break ground on a new, major commercial and residential development. Called Little Patuxent Square, the project represents the first new commercial building constructed in the city’s downtown since 2001.
Metro Silver Line, Phase I of Expanded Tysons Corner Center Expected to Help Local Economy
Residents of Northern Virginia are celebrating. Last week, they witnessed the opening of two important developments expected to transform the area: the first phase of Macerich’s expansion at Tysons Corner Center, and the Silver Line.
InterContinental Hotels Group Opens Cleveland’s First Hotel Indigo
The city of Cleveland is welcoming a new hotel brand. InterContinental Hotels Group has opened the first Hotel Indigo in the area. Located in Beachwood, the new hotel is designed to reflect the history and culture of the surrounding neighborhood. It also celebrates the Cleveland Metroparks system, a beautiful and diverse network of green spaces dedicated to conservation, education and recreation and referred to by the locals as the “Emerald Necklace.”
LaSalle Investment Management Buys Phase I of Tysons West Mixed-Use Development
The JBG Companies and JBGR Retail have sold phase one of the Tysons West mixed-use development. LaSalle Investment Management acquired the property on behalf of a separate account client. Eastdil Secured brokered the sale but the price of the transaction was not disclosed.
Company Expansions to Bring 450 New Jobs Clark, Butler Counties
Southwest Ohio is about to get over 450 new jobs. Two companies have recently announced their plans to expand in the area.