Adrian Maties
Donald Trump Breaks Ground on $200M Trump International Hotel Washington, D.C.
Donald Trump and The Trump Organization have finally broken ground last week on the redevelopment of The Old Post Office, in Washington, D.C. The $200 million project will transform the iconic Pennsylvania Avenue landmark into the new Trump International Hotel.
Stepan Co. to Build $60M-$70M Plant, Yuhuang Chemical to Invest $1.85B for Manufacturing Complex
July has been a great month for the city of Baton Rouge and the state of Louisiana. Two chemical manufacturing companies have announced their plans to invest in the area and create hundreds of new jobs.
Mayor Rawlings-Blake Opens Baltimore’s First New Recreation Center Built in the Last 10 Years
A new recreation center has opened in Baltimore this week. Called the Morrell Park Community Center, it is the first new recreation center built in the city in the last 10 years.
StyleCraft Plans 95-Home Neighborhood in Richmond
StyleCraft Homes is planning to build a new neighborhood in Richmond. The home builder announced on Friday, July 25, it will start work in the following months on a new community of villa style homes at Huguenot and Old Gun Roads.
Baltimore’s Historic Union Trust Building is Back On the Market
Baltimore’s historic Union Trust Building is again on the market. Rialto Capital, the owner, has retained Hunter Hotel Advisors as the exclusive representative in the sale of the old property. The asking price for the building was not announced.
All Pro Freight Systems Expands in Lorain County with 118,000-SF Industrial Lease
All Pro Freight Systems, Inc. is expanding its presence in Lorain County. The Avon-based transportation and logistics company has recently leased 118,000 square feet of space at the former Accutech/Cleveland Plastic Films facility, in Elyria.
Metro Cincinnati’s Fourth Homewood Suites by Hilton Opens In Mason
Homewood Suites by Hilton has recently opened its newest hotel. Homewood Suites by Hilton Cincinnati Mason, OH is the fourth Homewood Suites by Hilton in the Greater Cincinnati area. It features 115 suites.
AEW and Redgate to Break Ground on a 285,000 Sq. Ft. Industrial Facility in the Baltimore-Washington Corridor
A new industrial distribution facility is coming to the Baltimore-Washington Corridor. AEW Capital Management and Redgate Capital Partners, two Boston-based companies, plan to take advantage of the hot Baltimore-area industrial market and start construction on a 285,000-square-foot building in the fourth quarter of the year.
Principal Pays $75M For New M-F Asset in Petworth
Principal Real Estate Investors is expanding its portfolio of properties on the East Cost. The Des Moines-based company paid $75 million to acquire The Swift Apartments, a new Class A multifamily community in Washington, D.C.’s Petworth neighborhood.
Carr, Invesco and JOSS Buy Capital-Area Office Properties
The Washington, D.C, office market continues to heat up. At the start of the month, First Potomac Realty Trust paid $41 million for the Class A office building at 1775 Wiehle Ave., in Reston. Just days later, Finmarc Management Inc. announced the $31.5 million acquisition of a two-building office portfolio in Alexandria. Now, three more office properties in the Washington, D.C. area have changed hands.