Mid-Atlantic
MCR Buys $18M DC-Area SpringHill Suites
Located in Fairfax, Va., the 140-key hotel underwent $1.4 million worth of renovations last year. The six-story building dates back to 2009.
DC-Area Hyatt Regency Changes Hands for $47M
Situated near Dulles International Airport, the 316-key, 13-story hotel includes a 29,000-square-foot Executive Meeting Center, built in 2014. HFF arranged acquisition financing for the new owner.
NKF Capital Markets Arranges Sale of MD Hilton
The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.
Record-Setting Skylight Rings a Bell
The nation’s largest such solar installation crowns a reinvented New Jersey landmark.
Lee & Associates Hires New Investment VP
Working out of the company’s Columbia, Md. office, Brian Streilein will focus on mid-market commercial office, industrial and flex office investment property sales.
Warfield Cos. Buys, Rebrands Historic Complex
The property comprises 12 buildings, three of which have been renovated and leased. The new owner will add a strong residential component and rename the complex Warfield at Historic Sykesville.
Go Store It Acquires Richmond-Area Asset
The firm expanded its portfolio with a 348-unit self-storage property located in Moseley, Va., roughly 23 miles from downtown Richmond.
FRP Outlines Development Strategy Following Industrial Asset Sale
The company sold 40 warehouse properties and three land parcels to Blackstone Real Estate Partners for more than $300 million in May and is now focusing on mixed-use and value-add deals.
Interstate Hotels to Manage DC Luxury Asset
Junson Capital picked up the recently renovated, 15-story, 319-key Westin Alexandria in January for $76.5 million from Chartres Lodging Group.
Calkain Arranges $6M Sale of VA Shopping Center
Sycolin Corner Strip Center in Leesburg comprises 13,837 square feet and is anchored by a 9,300-square-foot Kiddie Academy. Other tenants include Sandy Nails & Spa, Hunan Cafe and Sycolin Cleaners.