Mid-Atlantic
Dimension Expands DC Management Portfolio
With the addition of the 220-key hotel The Westin Crystal City, the company’s portfolio achieved a historic milestone, peaking at 10,000 guest rooms.
Brandywine Realty Relocates HQ to Urban Philly
The company will keep its suburban Radnor offices, but will consolidate its corporate operations to FMC Tower at Cira Centre South in the University City area.
Divaris Grows VA Portfolio With 1.3 MSF
The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.
Cush & Wake Completes Sale of Roanoke’s Franklin Plaza
Franklin Plaza is a five-story 136,455-square-foot office property located in downtown Roanoke, Va. The property traded for $6.4 million after being purchased by an affiliate of Times Equities Inc.
St. John Properties Closes 100 KSF in B’More-Area Leases
The seven companies inked for space within Greenleigh at Crossroads, a phase of the 1,000-acre development Baltimore Crossroads @ 95.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Skanska Names New President
Robert Ward will oversee commercial and multifamily development operations, succeeding Shawn Hurley, who was with the company for seven years.
NoVa Office Tower Lands $250M Refi
The transaction includes a future funding facility of up to $70 million that Monday Properties can use to lease and upgrade the 580,000-square-foot building.
Avison Young Adds VP to Its DC Team
Georgiana Condoiu has been working in commercial real estate for a decade and in her new role she will contribute to the expansion of Avison’s capital markets platform across the country.
S. Korean Investment Firm Buys NASA HQ in DC
Two Independence Square, the largest asset in Piedmont Office Realty’s portfolio, sold for $360 million, or $593 per square foot.