Mid-Atlantic
COPT Prepares to Begin Office Project Near Expanding Military Base in Northern Virginia
The Columbia, Md.-based REIT plans to begin the project, which can be developed up to 980,000 square feet, with the construction of a 240,000-square-foot office building that will accommodate impending demand from consequences of the U.S. Department of Defense’s 2005 Base Realignment and Closure process.
$190M Mixed-Use Residential Project to Be Tallest Building in Newark, N.J.
In an effort to further the revitalization of downtown Newark, N.J., a partnership involving Dranoff Properties, the New Jersey Performing Arts Center (NJPAC) and the city of Newark have revealed plans for the development of One Theater Square, a $190 million mixed-use residential project.
Perkins+Will Tapped as Master Planner for Walter Reed Campus
Global interdisciplinary design firm Perkins+Will has been selected as the master planner for the 62-acre Walter Reed Army Medical Center Campus.
With Receiver at the Helm, Construction Resumes on $180M D.C. Office Project
Less than a year after Rockville, Md.-based developer Opus East L.L.C’s bankruptcy filing put the brakes on construction of the 400,000-square-foot office building at 1015 Half Street in Washington, D.C., San Diego-headquartered court-appointed receiver Douglas Wilson Companies (DWC) has gotten the approximately $180 million project million project back on track.
Former Legg Mason Tower in Baltimore Gets New 94,200-SF Tenant
Law firm Ober|Kaler has just committed to 94,000 square feet at Legg Mason’s onetime home at 100 Light Street, soaking up a noteworthy chunk of the available space at the 520,000-square-foot, Class A office tower.
First Potomac Lands Tenant for Entire 93,000-SF Suburban D.C. Office Building
Under a new 12-year agreement, Vocus will relocate its corporate headquarters to an entire building at First Potomac’s 313,000-square-foot Ammendale Business Park in Beltsville, Md.
Healthcare Trust Completes $29M Triad Technology Center Acquisition
Real estate investment trust Healthcare Trust of America, Inc. has wrapped up yet another acquisition – this time of the 101,400 square-foot Triad Technology Center in Baltimore. The purchase price was approximately $29.3 million.
Premier Suburban D.C. Office Building Finds a New Owner in $122M Deal
AEW Capital Management L.P., acting on behalf of its open-end core fund AEW Core Property Trust (U.S.), has acquired Three Ballston Plaza, a premier 304,200-square-foot office property in Arlington, Va., just outside of Washington, D.C.
New Legislation Sparks Plan for $300M Hard Rock Casino in Atlantic City
Forming a strategic alliance with New York-based private equity fund Och-Ziff Real Estate, Orlando-headquartered Hard Rock International is making a move to get in on the ground floor of new gaming opportunities that may ultimately arise from the introduction of new legislation in New Jersey this week.
Rock Creek Takes Leasing In-House, Hires Mangum to Lead Effort
Washington, DC and Rockville, Md.-based commercial real estate investment firm Rock Creek Property Group is taking leasing internal with the appointment of Tricia Mangum as in-house leasing manager.