Mid-Atlantic
Meridian Group JV Buys Downtown DC Office
In a partnership with WeWork Property Advisors affiliates, the company plans to renovate 1333 New Hampshire Ave., a building where WeWork intends to lease 100,000 square feet.
DC Hotel Changes Hands for $128M
The 300-key Hilton Garden Inn in downtown Washington, D.C., sold for approximately $427,000 per guestroom. The seller was Xenia Hotels & Resorts.
Debt Markets Poised for Strong 2019
Matt Weber, Avison Young’s newest addition to the firm’s Washington, D.C., office, discusses the challenges of deploying capital at this stage in the cycle and where the best opportunities lie.
JV Sells Pair of DC-Area Research Facilities
The properties were built for the National Institutes of Health in 2004. The agency continues to fully occupy the 229,905 square feet of Class A space.
Broe Real Estate Sells Metro DC Medical Pavilion
The 18-year-old property is situated in the city of Rockville, Md., and in the four years that the firm owned it, the building’s occupancy went from zero to 72.5 percent.
Excel Group Buys DE Marriott Hotel
The hotel opened at the beginning of this year and is located near downtown Wilmington offering convenient access to Philadelphia International Airport.
Divaris Expands Retail Leasing Portfolio in VA
The management company added five shopping centers totaling more than 300,000 square feet to its collection of properties in Hampton Roads.
Berkadia Secures $112M Loan for DC Portfolio
The company arranged construction financing for developer Foulger-Pratt for a self storage property in the NoMa neighborhood and a mixed-use development near Capitol Hill.
Rosenthal Properties Buys Suburban MD Warehouse
The 110,000-square-foot property in Frederick, Md., faces Interstate 70 and is fully occupied by Colonial Sash & Door, United Refrigeration Inc. and other companies.