Mid-Atlantic
KLNB Appoints New COO
Real estate veteran Marc Menick will step up as the firm’s president & chief operations officer, following Andrew Georgelakos’ retirement.
Metro DC Office Park on the Market Again
Avison Young was tapped once more to market the sale of Calverton Office Park in Beltsville, Md. The 313,810-square-foot complex comprises three office buildings and a daycare center.
Fitness-Focused Community Opens in VA
The 282-unit community features top-tier professional-quality health and wellness amenities. Greystar is the manager of the luxury residential asset that includes 34 affordable units.
Home2 Suites by Hilton Debuts in Roanoke, VA
Kalyan Hospitality is the owner and manager of the 121-key hotel located close to the Roanoke-Blacksburg Regional Airport. The property anchors the Blue Ridge Parkway, one of the most visited sites in the National Park System.
DC-Area Assets Land $90M in Financing
Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.
Defense Contractor Changes Base in Maryland
ELTA North America is tripling its footprint from the 7,500 square feet it occupied in Fulton, Md., less than 10 miles away from the new headquarters.
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.