Mid-Atlantic
Extended-Stay Hilton Opens Close to Baltimore-Washington International Airport
Situated between the Baltimore-Washington Parkway and I-95, the hotel offers quick access to Charm City, D.C., and all locations along the connecting corridor, including Ford Meade.
Armada Hoffler Continues Virginia Beach Town Center Development
Part of a 17-block 3P project initiated in 2000, the new development will add street-level retail, restaurant space and upscale apartment homes.
Hilton’s Latest Brand to Join D.C.’s Pike & Rose Development
The Canopy by Hilton Washington, D.C. Bethesda North is the latest brand to join Federal Realty’s mixed-use development.
Top 10 NYC Commercial Property Sales Recorded in April 2016
While no multi-billion dollar commercial property deals were recorded in April 2016, the data shows NYC real estate going strong. Savvy investors and developers are continuing to buy, and find substantial financing. Most notable this month was the almost exclusive domination by office properties, with lots of action in FiDi and Midtown. 1. 850 3rd Avenue, Manhattan Sale Price: $463,000,000 Buyer: 850 Third Avenue Holding LLC Seller: Sri Nine 850 LLC A collaboration between MHP Real Estate Services and HNA acquired this notable 21-story, wedding cake shaped office building. Tenants reportedly include Chase Bank, NYPD, and FDNY. 2….
AvalonBay, Regency Centers Buy Arlington Mixed-Use Development for $406M
The joint venture acquired Market Common Clarendon in metro D.C., with plans for property enhancements.
Lingerfelt CommonWealth Nabs Upscale Retail Center in Hampton Roads
The 76,827-square-foot Towne Place at Greenbrier was constructed in 2007 and is 94.7 percent leased.
Interstate Hotels & Resorts Taps New SVP of Operations
Veteran Michael Miner will work directly with Interstate COO Ted Knighton and will focus his efforts on the New York region and other select markets.
Major B’more REIT Completes CEO Succession
Following the May 2016 COPT annual meeting of shareholders, Stephen Budorick officially became the REIT’s president & CEO, as announced three months prior.
New Future for Former Washington Post Site
Carr Properties broke ground last week on a $650 million mixed-use development that will house Fannie Mae’s new headquarters.
Second Homewood Suites by Hilton Opens in Washington, D.C.
The 160-key property is located just one mile away from Hilton’s other Homewood D.C. asset, the Homewood Suites by Hilton Washington D.C. Downtown.
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