Mid-Atlantic
Bayonne Medical Center to Get New 50,000 SF Building
Slated to break ground in 2011, the building is touted as transforming unused land into revenue-generating space. It will house a surgery center, nursing school, hospital pharmacy, and doctors’ offices.
Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal
For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.
In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building
TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.
BASF Takes 325,000 SF at The Green at Florham Park
The $100 million new building, on which construction will begin in July, will be home to BASF’s headquarters. Occupancy is expected by mid-2012, and Rockefeller is angling to qualify for LEED certification.
Ground Broken on $85M Film Studio in Suburban Philly
The 130,000-square-foot film and television production facility in Chester Township, Pa., will create 390 permanent jobs by its third year of operation and will serve as a new tourist destination as well.
1,000-Room Lodging Project at Fort Lee in Virginia Moves Forward with Selection of Builder
The military branch’s Morale, Welfare and Recreation Command has tapped The Korte Company to spearhead design-build responsibilities for a $120 million temporary lodging facility at Fort Lee, about 30 miles south of Richmond, Va.
WRIT Snaps Up Two Fully Leased Office Buildings near Quantico Marine Base for $68M
The Rockville, Md.-headquartered REIT acquired the fully leased assets, encompassing an aggregate 271,000 square feet of Class A space, from the developer of the business park, Fredericksburg, Va.-based Silver Cos.
D.C. Health Department Leases 150,000 SF at Premier Office Complex
The lease transaction paves the way for DOH’s consolidation of a handful of area offices.
Marina Properties Recession-Proof? CNL Lifestyle Thinks So, and Picks Up Two Chesapeake Bay-Area Assets
The Orlando-based REIT has just increased its assets in the sector with the recent acquisition of Bohemia Vista Yacht Basin and Hack’s Point Marina in Maryland’s coveted Chesapeake Bay area.