Mid-Atlantic
Sotherly Buys $81M Hyatt Centric in VA
Berkadia’s Hotels and Hospitality Group facilitated the sale and arranged financing for the acquisition of the 318-key Hyatt Centric Arlington.
Land Services USA Expands New Maryland Office Team
Shawn Goldfaden brings extensive title and finance experience, while Christina Frankenberg has more than a decade of real estate transactions expertise.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
JPMorgan Chase Buys DC Building for Regional HQ
JBG Smith sold the 231,000-square-foot Class A office asset in the city’s CBD for $140 million. The global financial services giant is expected to move in by 2021.
Baltimore-Area Storage Facility Breaks Ground
The new YourSpace Storage, located in Notthingam, Md., will feature 939 units. The storage space is expected to open by late fall 2018.
New MD SpringHill Suites by Marriott Opens
The four-story, 120-key SpringHill Suites Baltimore White Marsh/Middle River is 25 miles from the Baltimore Washington Airport and offers amenities such as a fitness center, meeting space and swimming pool.
La-Z-Boy Signs 221 KSF Full-Building Lease in MD
The building is located within the 3.2 million-square-foot Collington Trade Center in Upper Marlboro. The manufacturing company is planning to transfer its distribution and logistics operation into the facility by fall 2018.
C&W Arranges $70M Loan for Baltimore Office Property
Acting on behalf of Banyan Street Capital, the commercial real estate services firm orchestrated financing for One East Pratt, a 355,000-square-foot downtown building.
MCR Acquires $11M VA SpringHill Suites
The four-story, 136-key SpringHill Suites by Marriott Richmond North Glen Allen is situated at the intersection of interstates 295 and 95, a five-minute drive from major distribution centers and office parks.
Marcus & Millichap Appoints New DC Regional Manager
Matthew Drane will be in charge of expanding the firm’s investment services, working closely with agents and investors. He has been with the firm since 2012, serving most recently as associate regional manager.