Adrian Maties
Office Tower In Baltimore’s CBD Is Now For Sale
A Baltimore skyscraper located right in the heart of the city’s Central Business District is looking for new owners. The 22-story building at 2 Hopkins Plaza is up for sale. Transwestern is marketing the Class B office tower together with the 3-story pavilion building at 10 Hopkins Plaza.
Richmond’s Short Pump Submarket Gears Up for Robust 2014
By Adrian Maties, Associate Editor Cushman & Wakefield | Thalhimer projects that 2014 will be a good year for the Richmond retail market. As retailers and restaurants plan to grow and expand, a trend that started in 2013 and is expected to continue in 2014, the market will see stepped-up activity. It ended 2013 with […]
Suntex Buys Portsmouth’s Tidewater Yacht Marina
Suntex Ventures LLC, a real estate investment and marina operations company, has recently purchased its second marina property in the Hampton Roads area. After acquiring the the 325-slip York River Yacht Haven in Gloucester Point last year, the Dallas-based company bought Portsmouth’s Tidewater Yacht Marina.
Victory Center Prepares to Receive Tenants in Health-Tech Corridor
Garson Victory LLC, a partnership led by real estate broker Scott Garson, purchased the old, vacant building at 7012 Euclid Avenue in late 2010 for $2.7 million. Soon after the acquisition, it started work on a redevelopment project to transform the property into the Victory Center, a mixed-use complex with offices, labs and research facilities. With all construction now finished, the new building is ready to welcome tenants.
Octal Leases 130,000 SF of Industrial Space in West Chester, Opens First Plant in North America
OCTAL, a world leader in polyethylene terephthalate (PET) resin and integrated PET sheet manufacturing, is expanding its operations with the opening of its first plant in North America. The Muscat, Oman-based company has recently signed a lease for 130,720 square feet of space in the Greater Cincinnati area.
Greenberg Gibbons and Vanguard to Finally Break Ground This Year on $140M Foundry Row Project in Owings Mills
In 2012, Greenberg Gibbons and Vanguard Commercial Property Development announced their plans to start work on the $140 million Foundry Row development in Owings Mills. They immediately encountered opposition from neighboring developers, also working on important projects in the area. And, after years of fighting, they finally won.
Finmarc Management Sells Library of Congress-Occupied Property
Finmarc Management, Inc. has been very busy in the Washington D.C. area this February. The Bethesda-based commercial real estate firm started the month with an over $30 million acquisition and ended it with an over $30 million sale.
Beachwood’s Four Seasons Enters Final Stretch of Campus Expansion Project
The Four Seasons is a luxury gated apartment community in Beachwood. It is owned by Cleveland’s Goldberg Companies, Inc., and is currently undergoing an expansion project that will provide several state-of-the-art amenities to current and future residents. The project is scheduled for completion this spring.
URS Capital Partners Sells Two Cincinnati-Area Apartments
URS Capital Partners, a real estate investment company based in Huntington, New York, has completed the sale of two multifamily properties in the Cincinnati area, at the end of January. The two properties are the Westshore Apartments, in Covington, and the Incline Apartments in Cincinnati’s Incline District.
Modus Hotels Relaunches Brookshire Suites in Baltimore
At the end of 2012, Modus Hotels announced the purchase of the Brookshire Suites in Baltimore’s famous Inner Harbor. The Washington, D.C.-based full service hotel development and management company paid $7.85 million for the property, according to PropertyShark. In the weeks that followed the announcement, it started work on a multi-million dollar renovation project, to breathe new life into the old building, originally constructed in 1958.