Mid-Atlantic
HFF Brokers Sale of 191-Key VA Hotel
Westin Reston Heights, which opened in 2008, is within walking distance of the upcoming Reston Town Center Metrorail Station, while Dulles International Airport is a 10-minute drive away.
Delta Hotels by Marriott Comes to Chesapeake Bay
The recently transacted hotel, situated on the Chesapeake Bay beach, will undergo a $25 million renovation program in the fourth quarter of 2018.
NoVa Mixed-Use Changes Hands
Westport Capital and Galaxy Investments teamed up on the purchase of Tavern Square and revealed plans to revitalize the 50-year-old building in Old Town Alexandria.
Carlyle Group Grows DC Presence With HQ Expansion
The global private equity firm will occupy four stories of the 804,100-square-foot trophy office building. JLL negotiated the deal on behalf of the tenant, while Cushman & Wakefield represented the owner.
Newly Renovated DoubleTree by Hilton Opens in Ocean City
Owned by Harrison Group Hotels, the new DoubleTree-branded hotel features several pools, a 24-hour fitness center, along with a variety of meeting and event spaces.
Infomart Adds Capacity to NoVa Data Center
The 180,000-square-foot facility is set to feature nine suites for a variety of clients, from cloud providers to federal agencies.
Finmarc Continues Suburban MD Shopping Spree
The company acquired a 110,000-square-foot flex/office portfolio in Columbia, Md., shortly after purchasing another 116,000-square-foot portfolio from the same seller at the end of last year.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.
PS Business Parks Grows Mid-Atlantic Industrial Footprint
The REIT purchased a group of 19 assets from MRP Realty and institutional investors advised by J.P. Morgan Asset Management, adding 1.1 million square feet to its holdings.
Bechtel Consolidates HQ in VA
The firm will move its Houston and San Francisco offices to One Reston Overlook, where it has been a tenant since 2011.