Mid-Atlantic
Hersha Sells 2 Suburban Hotels in MD, NY
The hotels are located on the outskirts of New York City and Washington, D.C. Hyatt House in Gaithersburg, Md. and Holiday Inn Express in Chester, N.Y. traded for a total of $27.4 million.
Verizon Leases 61 KSF at Annapolis Junction TOD
The four-story office building is part of St. John Properties’ upcoming mixed-use development located in the Washington, D.C.-Baltimore corridor.
Hilton Homewood Suites Arlington Opens
With its easy access to downtown Washington, D.C., the 168-key Homewood Suites by Hilton Arlington Rosslyn Key Bridge provides a free shuttle service to Rosslyn Metrorail station.
VA Office Asset Trades, Awaits Conversion
Avison Young brokered the sale of a recently rezoned property in Tysons, Va., which will serve as a self-storage facility.
Normandy Lands $46M Loan for DC Office Asset
Natixis arranged the financing on behalf of Normandy, which acquired the building in 2015 through a joint venture with NTT Urban Development Corp.
Sports Venues Spark Revitalization
In a new report highlighting the impact of Nationals Park in Washington, D.C., RCLCO points to a trend in stadium-inspired community transformations.
Construction Begins on Cambria Hotel Ocean City
The new waterfront Cambria Hotel in Ocean City, Md. will feature 133 keys, occupying the former site of the George Cropper Concrete Plant.
Berkeley Partners Buys $14M DC-Area Asset
Previous ownership acquired a completely vacant building in 2013 and invested more than $4 million in renovations and various upgrades.
JV Purchases 4th Baltimore-Area Asset for $7M
The fully occupied flex/industrial building is located in Howard County, within 20 and 25 miles of central Baltimore and D.C., respectively.
JV Buys $26M Land for DC-Area Mixed-Use Project
The 1.8-acre parcel is part of The View, a 3-million-square-foot mixed-use development located in the Arts and Entertainment District of Tysons, Va., next to the Spring Hill Metro Station.