Mid-Atlantic
MD Hotel Commands $42M
Hersha Hospitality Trust acquired the 150-room Annapolis Waterfront Hotel, which features 15,000 square feet of function space and an 8,500-square-foot patio.
DC-Area Hyatt Hotel Lands $47M Financing
Mission Capital Advisors secured bridge financing for the 168-key Hyatt Place Arlington. Completed in 2016, the property is a 12-minute drive from downtown Washington, D.C.
STIHL Expands Virginia Beach Corporate HQ
The new 80,000-square-foot addition to STIHL’s corporate headquarters and manufacturing campus will include office space, a museum and a customer welcome center.
Monday Properties Nabs Two NoVa Office Buildings
The acquisition includes Dulles Metro Center in Herndon and Cameron Run Office Park in Alexandria, totaling more than 370,200 square feet.
JBG Sells VA Office Property for $95M
Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.
NoVa Office Complex Lands Two Leases of 60 KSF
The four-building, Class A office ensemble traded last September for $53.5 million. Worldgate Metro Plaza will soon undergo $10 million of capital improvements.
Financial Services Firm Inks New DC-Area HQ Lease
The company’s new headquarters will occupy more than 20,000 square feet in a newly renovated office building in Rockville, Md.
Blackstone Snaps Up Industrial Portfolio for $359M
FRP Holdings Inc. has agreed to sell 41 properties and two adjacent parcels in the Mid-Atlantic region to an affiliate of Blackstone Real Estate Partners VIII LP.
WeWork to Open 11th DC Location
The space will house more than 900 desks and operate in addition to the firm’s Chinatown office at 718 Seventh St. N.W.
WPC Begins $7M Renovation of VA Office Asset
The renovation of the 12,000-square-foot property at 3160 Fairview Park Drive, within the 220-acre Fairview Park complex, is scheduled for completion in June.