Mid-Atlantic
New Supply Keeps Rent Growth Tepid in Baltimore
Thanks to the revival of its core and the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
TierPoint to Develop 2nd Baltimore-Area Data Center
Located at the BWI Technology Park, the 35,000-square-foot project is slotted for completion in the spring of 2018.
Skanska Tops Out DC Office Development
99M will consist of nearly 220,000 square feet of office space, and about 11,000 square feet of retail and restaurant space on the ground floor.
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.
PA Launches Green Tower Expansion
The Pennsylvania Housing Finance Agency’s 40,000-square-foot expansion in Harrisburg is incorporating Passive House principles to target net-zero energy consumption and LEED Platinum certification.
Skanska Tapped for VA’s Tysons Corner Project
The company will build a 20-story, 468,000-square-foot Class A office property and 108,000-square-foot theater. The development is scheduled for completion in October of 2018.
Chesapeake Inks 165 KSF MD Industrial Lease
Johns Hopkins Health System will occupy 40 percent of the 413,000-square-foot building currently rising within Baltimore’s Port 95 Industrial Park.
Pair of DC Office Buildings Receive $165M Financing
KeyBank Real Estate Capital has secured a seven-year loan for two refurbished Class A office assets in Washington, D.C.
Transwestern Tapped for Leasing, PM Services of MD Asset
Owned by DSC Partners, 77 Upper Rock is completely vacant and immediately available for occupancy. An upcoming renovation will soon add a fitness center and conference rooms, among other amenities.
Rare MD Industrial Asset Up for Sale
The seven-building portfolio is situated in Hanover, seven miles from BWI Marshall Airport, offering approximately 500,000 square feet of space in a heavily supply-constrained market.