Mid-Atlantic
Armada Hoffler Properties Snaps Up Shopping Center in Colonial Heights, Va.
The 220,000-square-foot Southgate Square sits 23 miles south of downtown Richmond and was 100 percent occupied at the time of purchase.
Yardi Matrix: Will This Be Baltimore’s Year?
Baltimore’s multifamily market has lagged national growth in recent years, but positive signs are providing hope.
Avison Young Appoints Industry Vet to Run U.S. Capital Markets
In addition to becoming a principal with the CRE services firm, John Kevill will also serve as managing director of U.S. Capital Markets.
Capella Washington, D.C., Hotel Sells for $65M, Gets New Brand, Management
Now rebranded as the Rosewood Washington, D.C., the 49-key ultra-luxury Georgetown hotel will be managed by Rosewood Hotels & Resorts.
DoubleTree near Dupont Circle Commands $65M
REIT Xenia Hotels & Resorts said the sale price represents a 5.5 percent cap rate on 2015 NOI and a 15.7 multiple of the asset’s EBITDA.
Airbus’ Ashburn, Va. Facility Expands, Adds Employees
The aircraft manufacturer pledged to invest an additional $1 million in the facility, turning the Loudoun County location into the company’s largest material distribution center by customer volume.
HFF Arranges Sale, Financing for 5-Property Self-Storage Portfolio
In a $35 million deal closed by HFF, Self Storage Capital Partners acquired five assets totaling more than 310,200 rentable square feet in Harrisburg, Pa.
Top 10 NYC Commercial Property Sales Recorded in March 2016
Check out the ten most expensive commercial real estate deals recorded in NYC! The March 2016 data shows a substantial demand for development sites and mixed-use buildings. 1. 163 Front Street, Manhattan & 80-83 South Street, Manhattan Sale Price: $390,000,000 Buyer: Oceanwide Center NY LLC Seller: 80 South, LLC This two-building deal encompasses 163 Front Street and 80-83 South Street in Manhattan’s Financial District. YIMBY reports the newest flip of this development site property as a package deal with 820,000 square feet. The seller, Howard Hughes Corp., bought the South Street site for $100M in 2014. A plan for…
CBRE|Richmond Promotes New Director of Research
Meet Andrew Cook, CBRE’s first director of research for the Richmond area.
California REIT to Acquire $371M Worth of Assets from Mindful Storage
In a $371 million deal, Strategic Storage Trust II has agreed to purchase a portfolio of 27 facilities totaling more than 1.5 million square feet in North Carolina, Florida and Maryland.
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