Washington D.C.
Metro DC Office Park on the Market Again
Avison Young was tapped once more to market the sale of Calverton Office Park in Beltsville, Md. The 313,810-square-foot complex comprises three office buildings and a daycare center.
Fitness-Focused Community Opens in VA
The 282-unit community features top-tier professional-quality health and wellness amenities. Greystar is the manager of the luxury residential asset that includes 34 affordable units.
DC-Area Assets Land $90M in Financing
Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
Cannabis Cultivation Facility Coming to Maryland
Innovative Industrial Properties has agreed to acquire a 72,000-square-foot building in Capitol Heights, Md., which will be leased and operated by Holistic Industries.
Record-Breaking Year for DC Multifamily
The capital is experiencing strong fundamentals, including robust employment, healthy population gains and cycle-high rental rates, per-unit prices and median home values.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
DC Hotel Joins Hilton’s Curio Collection
Seven other properties around the globe, including the H Hotel Los Angeles, The Marquette in Minneapolis and The Statler Dallas, will be joining the collection soon.
Meet CPE’s 2017 Stars to Watch: Mark Witschorik, Columbia Property Trust
“Mark is one of the most multi-dimensional, well-rounded real estate guys in the market,” a colleague says of this Washington, D.C.-based REIT executive.
Two DC Office Buildings Sell for $259M
Westbrook Partners and TIER REIT sold the two buildings to UNIZO Holdings after completing significant repositionings of the buildings. The transaction reflects TIER REIT’s continuing strategy of exiting non-target markets.