Adrian Maties
First Potomac Realty Trust Buys Iconic Art-Deco Office Building
A twelve-story office building in the heart of downtown Washington, D.C. now has a new owner. First Potomac Realty Trust bought the Tower Building from Guardian Realty Investors LLC for $58 million. The Bethesda-based real estate investment trust announced the acquisition on April 8.
CyrusOne Breaks Ground on Its First East Coast Data Center
CyrusOne, a global data center services provider based in Carrollton, Texas, broke ground on Tuesday, April 8, on its first East Coast data center. About 75 people attended the groundbreaking ceremony. Among them, representatives from Loudoun County, Dominion Virginia Power, and CyrusOne.
$2.8M Renovation of Fairfax’s WillowWood Plaza Nears Completion
The four-year renovation of the WillowWood Plaza is nearing its end. Liberty Property Trust will finish the $2.8 million project this spring and will deliver an updated Class A office park, with Energy Star certification.
Lincoln Property, NVRetail Celebrate Groundbreaking of The Reserve at Tinner Hill
Government officials met with representatives from the Lincoln Property Company and NVRetail on Tuesday, April 8, to celebrate the groundbreaking of The Reserve at Tinner Hill. This upscale apartment and retail development is located at the intersection of South Maple Avenue and Washington Street, right in the heart of Falls Church, one of the most affluent regions in the Washington, D.C. Metropolitan Area.
D.C. Area Not Lacking in Apartments
In a report released at the end of March, the U.S. Census Bureau said that, between July 1, 2012, and July 1, 2013, the population of the Washington, D.C. metro area increased by 87,265, placing the region at number 5 on the list of Top 10 Metro Areas with the Largest Numeric Increase. The Washington, D.C. metro area was also ranked as the seventh largest metro area in the United States, by population, with almost 6 million people living here.
KEYW Leases Space in a New Building to Be Developed by COPT in Hanover
At the end of 2013, the Baltimore Sun named the KEYW Corporation one of Baltimore’s Top 100 Workplaces. Since then, the cyber security services provider has continued to grow and, recently, has announced its plans to expand.
University of Maryland’s $115M Hotel and Conference Center Project Moves Forward
A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.
Akron Children’s Hospital Celebrates Topping Out of New Critical Care Tower
Akron Children’s Hospital first announced its plans to build a $200 million expansion of its downtown Akron campus in the summer of 2012. Called Building on the Promise, the project broke ground some months later, on May 30, 2013. Just a few days ago it reached another important milestone.
Luxury Home Sales Rise in Metro Cincinnati: Comey & Shepherd
2013 has been an excellent year for luxury home sales in Greater Cincinnati and Northern Kentucky, according to Comey & Shepherd Realtors, a full service real estate agency with over 60 years of experience in the area. In its recently released annual report, the Cincinnati-based company said the luxury market has not seen such levels of performance since before 2009.
New Construction Codes to Help D.C. Become Global Sustainability Leader
Washington, D.C. is committed to becoming the greenest and most livable city in the nation, as well as a global leader in sustainability. On Friday, March 28, the city adopted the 2013 D.C. Construction Code. It features some of the most modern, sustainable, and energy- and water-efficient building practices.