Mid-Atlantic
Metro DC Hotel Receives $26M Refi
HFF arranged the loan for the 316-key Hyatt Regency Fairfax, which is part of the 650-acre Fair Lakes master-planned community.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
Liberty Property Trust Sells DC Asset for $62M
Cushman & Wakefield facilitated the sale of a 147,000-square-foot, 12-story office property. The building recently underwent renovations that yielded a new lobby, conference room and fitness center.
Data Center Demand Continues to Soar Globally
According to JLL’s new forecast, the call for space grows louder, bolstered by increased cloud activity, which developers rush to accommodate with expanding construction pipelines.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Pebblebrook Sells DC Hotel for $142M
After acquiring LaSalle Hotel Properties in November, the REIT embarked upon a disposition program that so far has included eight properties and is expected to continue over the next 18 months.
Yext Signs 43 KSF Lease in Northern VA
The digital knowledge management platform will house its new Washington, D.C.-area regional headquarters at 1101 Wilson Blvd., a Class A office tower in Arlington’s Rosslyn submarket.
FCP Relocates MD HQ
The company will occupy 13,914 square feet in JBG Smith’s Chase Tower in Chevy Chase, Md., alongside Berkadia, Alliance Partners and Spaces.
JV Completes DC Office Transformation
Akridge and Stars REI partnered on the 102,000-square-foot boutique office building, which replaces two Brutalist-style properties originally built in the 1970s.
Solar Projects Light Up Penn State
The 70-megawatt project will match the size of Pennsylvania’s largest current solar installation when completed in 2020.