Mid-Atlantic
Eastern Union Funding Arranges Financing for MD Storage
Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.
Avison Young to Lease DC Office Asset
The RMR Group has scheduled an extensive 2019 renovation program for the Class A property known as 11 Dupont Circle.
Cerberus JV to Repurpose Former Discovery Communications HQ
The partners bought One Discovery Place in downtown Silver Spring, Md., with plans to reposition the property once the building’s sole tenant relocates to New York City.
Clarion Partners Inks 51 KSF Lease at DC Mixed-Use
Cushman & Wakefield represented the owner in its lease negotiations with coworking firm AdvantEdge Workspaces, which will occupy space at Chevy Chase Pavilion.
St. John Properties Breaks Ground on 3 Buildings in MD
The structures will house a total of 200,000 square feet of flex, R&D, bulk and warehouse space. All three facilities will be completed in the summer of 2019.
COPT Builds 2 Data Centers in Prince William County’s Opportunity Zone
The REIT will develop two new facilities in Innovation Park, one of the leading data center locations in the nation, taking advantage of the area’s strong infrastructure.
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.