Mid-Atlantic
ezStorage Opens 1st Alexandria, VA, Location
The company has opened its first self-storage asset in the D.C.-area city, after completing construction in one year using a $12 million loan. The three-story facility totals 132,423 square feet.
MD MOB Breaks Ground
Construction of the 595,744-square-foot health care facility is underway. Located at the Capital Center in Largo, Md., the project is expected to be completed by 2020.
Kimco to Build $110M Shopping Center in Baltimore Area
The company will erect the 575,000-square-foot Mill Station on the land that had been home to the now-demolished Owings Mills Mall.
Divaris Completes 6 VA Leasing Transactions
The company renewed contracts for five clients, in addition to a new tenant. The office and retail spaces are all located near major transit routes and shopping centers.
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.
CBRE Taps New Executive Managing Director
Following John Germano’s retirement in December, Kyle Schoppmann will take up the executive role, bringing more than 20 years of experience in sales strategy, training and professional development.
Lingerfelt Acquires Norfolk Waterside Marriott
The company purchased the 405-key hotel and plans on implementing a $25 million renovation program. CommonWealth Lodging Management, Lingerfelt’s hotel management affiliate, will operate the hotel.
Baltimore’s Tradepoint Atlantic Lands 1st Retail Tenant
Royal Farms has signed a long-term lease for a 3.7-acre stand-alone pad and is expected to start operations in late-2018.
JV Grabs Suburban MD Flex/Office Assets
RREEF has sold the properties—part of the Oakland Ridge Center in Columbia, Md.—to a partnership between Feldman Bergin Development and Fortified Property Group.
Rubenstein, Northpoint Embark on NoVa Mixed-Use Renovation
The revamps of Carlyle Tower and the Shops at Carlyle Tower include elevator, HVAC and common area upgrades as well as an additional 7,500 square feet of new space.