Mid-Atlantic
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
Office Tower Set to Rise at UD STAR Campus
JLL has been selected to lead leasing and marketing efforts for the 120,000-square-foot building, which is scheduled for completion by next year. The tower is estimated to cost about $40 million.
Howard Hughes Adds Retail to Downtown Columbia Mid-Rise
Cured and Eighteenth & Twenty First, two creations of local restaurateur Steve Wecker, are scheduled to open this winter on the ground floor of the company’s 200,000-square-foot office building.
Cannabis Cultivation Facility Coming to Maryland
Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.
Cambria Hotel Philadelphia Tops Off
The 15-story, 223-key hotel will open in the first quarter of 2018. Built by Pearl Properties, the building was designed by DAS Architects Inc. and will be managed by Concord Hospitality Enterprises Co.
Record-Breaking Year for DC Multifamily
The capital is experiencing strong fundamentals, including robust employment, healthy population gains and cycle-high rental rates, per-unit prices and median home values.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
DC Hotel Joins Hilton’s Curio Collection
Seven other properties around the globe, including the H Hotel Los Angeles, The Marquette in Minneapolis and The Statler Dallas, will be joining the collection soon.
RMR Group Nabs $57M Hampton Roads Asset
The Boston-area trust acquired the 288,000-square-foot office building from local developer Buddy Gadams. The property houses ADP, a New Jersey-based human resources firm.
Lee & Associates Facilitates 35 KSF Lease to Well-Known Car Dealer
Maryland’s largest independent car dealership, Carbiz, leased 35,000 square feet at 8751 Freestate Drive in Laurel, Md. for its second business location.