Washington D.C.
Property Group Partners Closes Air Rights Purchase for $1.3B M-U Project in DC
The largest contiguous undeveloped site in Washington, D.C., is now well on its way to being transformed into the 2.2 million-square-foot Capitol Crossing mixed-use destination.
Laurel Apartment Complex Sells for $28M
The Westgate of Laurel, a renovated apartment complex in the heart of the Baltimore-Washington corridor, was recently sold to Westgate DNB Associates, a subsidiary of Geller Associates Inc. of Roseland, N.J.
KBR Building Group to Construct The Acadia in Arlington
Multi-family developer Kettler has selected the Charlotte, N.C.-based KBR Building Group to construct The Acadia at Metropolitan Park, a 411-unit mixed-use, residential building in Arlington, Va.
Ground Broken on Apartments in Fair Lakes
Balfour Beatty Construction, a leader in the U.S. commercial construction industry and part of the London-based Balfour Beatty plc, has started work on a new residential project in Fairfax for The Bainbridge Cos. and Chesapeake Realty Partners.
Vornado to Sell Three Reston Office Buildings for $126 Million
Vornado Realty Trust (VNO) continues to trim its portfolio. The New York-based real estate investment trust announced on October 29 that it has entered into an agreement to sell three office buildings located in suburban Fairfax County, VA.
George Washington University to Build New 850-Bed Residence Hall
The George Washington University, the largest institution of higher education in the District of Columbia, plans to build a new, $130 million residence hall to meet the rising demand from students looking to live on the Foggy Bottom campus.
Northwestern Mutual Provides Cathedral Commons with $91M in Financing
A joint venture between Giant of Maryland and the Bozzuto Group has managed to secure $91 million in construction and permanent financing for Cathedral Commons, a mixed-use development in Northwest Washington, D.C.
ULI Special Report: Emerging Trends Respondents Optimistic About Recovery
Optimism permeated the Emerging Trends in Real Estate results this year, with respondents finding a marked improvement over last year. Researchers gave reporters a sneak peak Wednesday during the ULI Fall Meeting.
140-unit Cambria Suites Hotel Coming to Downtown Rockville
Rockville Town Square, in downtown Rockville, has added an ice-skating rink, a public library, 180,000 square feet of shops, restaurants and a grocery store in recent years.
Apartments Break Ground in Hyattsville; Continental Realty Buys Sterling Apartment Building
Grady Management Inc., a full-service residential, commercial and real estate consulting firm, started construction last month on a new luxury apartment building in Hyattsville, Md.