Mid-Atlantic
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.
D.C. Law Firm Renews 335,240 SF Lease
The Washington Business Journal is reporting that law firm Wiley Rein LLP has renewed its 335,240 square-foot lease in Washington, D.C. It is the largest transaction thus far in 2010.
Interstate Hotels Goes Private in $307M Merger
The closing of a $307 million transaction has taken Interstate Hotels & Resorts to the private sector.
Investment Team of Cruz, O’Hearn Joins HFF New Jersey
With 32 years of commercial real estate experience between them, Jose Cruz and Kevin O’Hearn bring a bulwark of industry knowledge to Holliday Fenoglio Fowler New Jersey. The two join HFF from Cushman & Wakefield’s New Jersey investment sales group.
MGM Mirage to Bid Adieu to Atlantic City with Borgata Hotel & Casino Settlement
Atlantic City has not escaped the negative financial ramifications of the recession, but that has nothing to do with MGM Mirage’s plans to make its exit from the famous gaming town.