Washington D.C.

LidlNeckarsulm, Germany-based Lidl, one of the fastest growing retailers in Europe, is getting ready to expand into the United States. Governor Terry McAuliffe announced this month that the company plans to invest a massive $202 million to establish its U.S. corporate headquarters and to open a regional headquarters and a distribution center in Virginia.

St. Gregory Hotel & SuitesHersha Hospitality Trust is expanding its presence in the Washington, D.C. area. The REIT has recently announced it has entered into a purchase agreement for a hotel in the city’s central business district. It will be Hersha’s third hotel in the CBD.

The Turner Multifamily Impact Fund, a real estate investment fund managed by Los Angeles-based Turner Impact Capital, has recently announced the closing of its first acquisition. Its newly purchased asset is a large, garden-style housing community in the Washington, D.C. metropolitan area.

Investors have snatched up another Washington, D.C. apartment community. Urban Investment Partners, in partnership with the Tilden Hall Tenants Association, has acquired the Tilden Hall Apartments, in the District’s Cleveland Park Neighborhood. Now, the new owners plan to start work on a major renovation of the historic building.

The Greater Washington office market has registered two transactions this month. The properties are located in the Ballston section of Arlington and in downtown Bethesda.

Matan Companies has added another industrial building to its Washington, D.C.-area portfolio. The Maryland-based company’s new acquisition is located at 7721 Polk St. in Landover.

ECHO Realty has expanded its portfolio of retail properties in the Washington, D.C. metro area. Last month, the Pittsburgh-based company entered the Virginia market with the acquisition of a grocery-anchored retail center in Loudoun County, for an undisclosed price.

The Cathedral Commons mixed-use project in Washington, D.C. is now officially open. Representatives from The Bozzuto Group were present on Wisconsin Avenue, on May 27, to celebrate the development’s grand opening.

Boston Properties is selling another property in the District. The Boston-based real estate investment trust has hired DTZ to market the trophy office building at 500 8th St. NW.

The District is about to get even more affordable apartments. This month, developers started work on the Channing E. Phillips Homes, an eight-story building which will bring 56 much needed affordable apartments to the historic Shaw neighborhood.