Mid-Atlantic
Skanska Tops Out Innovative DC Office Development
The $126 million project at 2112 Pennsylvania Ave., just five blocks from the White House, goes beyond the standard LEED Gold requirements to create a healthy work environment.
LTD Debuts Newest Holiday Inn Express in VA
LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.
Pennsylvania Offices Trade for $23M
Brookwood Financial Partners LLC disposed of three office buildings totaling 150,000 square feet located in suburban Philadelphia and the Lehigh Valley area. The properties are part of a 29-asset portfolio that the firm purchased in 2015.
Finmarc Nabs VA Shopping Center
Festival at Manassas, an 117,000-square-foot shopping center in Manassas, Va., traded for $20 million. Bill Kent of CBRE represented the seller, Katz Properties.
B’More Self-Storage Project Lands Financing
The 993-unit self-storage project will be a conversion of a former textiles office and warehouse facility and is expected to be completed in the second quarter of 2018.
DC Area Office Park Lands New Leases
CliftonLarsonAllen and the Transit Employees Federal Credit Union inked two leases totaling 22,000 square feet of office space at the six-building Capital Office Park in Greenbelt, Md.
Tysons’ 2000 Corporate Ridge Fetches $39M Financing
PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.
Transwestern Appoints New EVP
George Vogelei will step up as the firm’s executive vice president of agency leasing, after spending more than three years at NKF.
Natixis Scores $39M Loan for Hyatt Acquisition
The Excel Group received a $39 million loan for the acquisition of 200-key Hyatt Place Washington DC/US Capitol, located in the NoMa neighborhood of Washington, D.C.
ASB Names New VP
Brian Chen joined the company in 2014 and holds more than nine years of commercial real estate experience under his belt. Prior to joining the company, he worked at Tishman Speyer and Booz Allen Hamilton.