Adrian Maties

MGM Resorts International Hires Whiting-Turner as General Contractor for $1B MGM National Harbor Project

MGM Resorts International is one of the world’s leading global hospitality companies and the developer of the MGM National Harbor, a nearly $1 billion gaming resort located in National Harbor, the waterfront development on the shores of the Potomac River. On June 24, the company announced it has hired Whiting-Turner as Prime General Contractor for the project. With this final hurdle out of the way, construction is expected to start within weeks.

Erickson Living Starts Work on New Construction Projects at Ashby Ponds

By Adrian Maties, Associate Editor Erickson Living is expanding its Ashby Ponds retirement community in Ashburn, Va. On June 24, the company announced the start of construction on a new independent living residential building and a new clubhouse. The total cost of the expansion project is more than $22 million. The new residential building will […]

$442M Horseshoe Casino to Open in Baltimore This August

Maryland is getting ready to welcome its newest casino. Executives of Horseshoe Casino Baltimore announced last week that the grand opening of the $442 million entertainment facility is scheduled for August 26, pending regulatory approval.

Ten Northeast Ohio Rehabilitation Projects Receive More Than $20M In Historic Tax Credits

Round 12 of the Ohio Historic Preservation Tax Credit program has brought good news to 35 rehabilitation projects in 13 communities across the state of Ohio. They will receive a total of $37.7 million in tax credits. According to the Ohio Development Services Agency, these 35 projects are expected to leverage nearly $ 250 million in private investments.

JV Pays $70M for Historic South Cathedral Mansions Apartments, with Plans to Start Renovation This Fall

South Cathedral Mansions is a landmark apartment building located 2900 Connecticut Avenue, NW, in D.C.’s Woodley Park neighborhood. It was constructed in 1922 by the iconic team of Harry Wardman and Mihran Mesrobian and is currently included in both the National Register of Historic Places and the D.C. Inventory of Historic Sites. During its almost one hundred years of existence, South Cathedral Mansions only changed hands four times, the last sale taking place recently.

CBRE, Maastricht University Rank Washington, D.C., as 10th Greenest U.S. City

Washington, D.C. is working hard to become one of the greenest cities in the United States and in the world. And its efforts seem to be paying off. Recently, CBRE Group, Inc. and Maastricht University, a public university in Maastricht, the Netherlands, have released the 2014 Green Building Adoption Index, a study which ranks the top 30 U.S. cities with the highest percentage of green commercial space. Washington, D.C. occupies tenth place on the list.

Liberty Property Trust Starts $8.3M Distribution Facility at Eastport Business Center

Richmond’s industrial market continues to improve into 2014. As vacancies keep dropping and rents keep rising to new highs, the time is right for speculative development. And Liberty Property Trust is doing just that.

TIAA-CREF Closes Second Deal with JBG This Month, Buying The Woodley

The JBG Companies and TIAA-CREF are doing business again. At the start of the month, JBG sold the The Louis at 14th/U, a residential and retail development located in the heart of the U Street Corridor-Logan Circle neighborhood, to the financial services firm. Now, the Chevy Chase-based company has closed the sale of The Woodley, a new residential development in Washington, D.C.’s desirable Woodley Park neighborhood. The price of the transaction was not disclosed. HFF arranged the sale between JBG and TIAA-CREF.

Downtown D.C. Housing Market Continues Strong Performance in May

Downtown Washington, D.C. is one of the ”brightest spots in the country for home sales and appreciation rates.” This is how Donna Evers, president and broker of Evers & Co. Real Estate describes the region. Her company is the largest independent, woman-owned real estate firm in the Washington, D.C. metropolitan area. It has recently analyzed statistics from the Metropolitan Regional Information System and has reported that the Downtown Washington, D.C. housing market has enjoyed a merry month of May.

ASLA’s Chinatown Green Streets Demonstration Project to Help D.C. Become Nation’s Greenest City

The American Society of Landscape Architects is greening the District’s streets. Well, not all of them, just the ones surrounding its headquarters, in Chinatown. ASLA is working on the Chinatown Green Streets Demonstration Project, a project meant to help the District become one of the greenest cities on the planet.