Mid-Atlantic
Suburban DC Mixed-Use Development Lands Refi
The refinancing of Westphalia Town Center—a mixed-use development in Prince George’s County—allows the company to continue developing the project and preparing land for commercial and retail uses.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.
Medical Company Relocates HQ From NoVa to Baltimore
The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm’s new base is owned by Bernstein Management.
CRC Taps Commercial Management Pro
The company has appointed JD Brakefield as director of commercial property management. He holds almost two decades of industry experience, having served The Rappaport Cos., PREIT and Elysian Partners.
Vornado Speeds Up JBG Smith Spin-Off
Common shares of the new REIT—which will trade on the New York Stock Exchange under the symbol JBGS—will be available starting July 18.
FiscalNote Relocates DC Headquarters
The company will occupy an entire floor, totaling 38,000 square feet, in the Heurich Building. The D.C. Mayor’s office granted FiscalNote a $750,000 incentive to remain in the area.
Transwestern to Handle Sale of DC-Area Office Asset
The 174,000-square-foot property is located within Prince George’s County Metro Center Complex, which consists of 1.3 million square feet of office space, 120,000 square feet of retail space, 134 residential condos and 910 multifamily/student housing units.
Suburban Philly Office Buildings Sell for $36M
The seven assets are located in Exton, West Chester and Newtown Square, Pa., and total more than 229,000 square feet of office/flex space. The properties changed hands through like-kind exchanges.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
Divaris Completes 5 Transactions in Virginia
The company worked on behalf of DDREG LLC to arrange the acquisition of a medical office building, and represented Dollar Tree Stores, LaBelle Cottage, Extreme Pizza and Mango in their lease negotiations.