NORFOLK, VA-A new condominium project, the Spectrum at Willoughby Pointe, is scheduled to grace the gateway to Norfolk at the Hampton Roads Bridge-Tunnel. The $125 million development will sit on a 15 acre-lot that is currently home to a hotel and restaurant.
NORFOLK, VA-A new condominium project, the Spectrum at Willoughby Pointe, is scheduled to grace the gateway to Norfolk at the Hampton Roads Bridge-Tunnel. The $125 million development will sit on a 15 acre-lot that is currently home to a hotel and restaurant.
HYATTSVILLE, MD-Two businesses--Loews Cineplex and Safeway grocery store--sign on for a total of 123,000 sf of retail space at University Town Center, a 1.4 million-sf office compound that is currently being redeveloped into a major mixed-use destination. Ultimately, the property will feature 242,000 sf of retail, as well as residential offerings.
SILVER SPRING, MD-Ownership of TecHill I& II, two office buildings totaling 142,800 sf on Plum Orchard Dr., changes hands in a recent $33.6 million deal. The two-building complex is presently leased to maximum capacity, with SoftMed Systems Inc. occupying one entire building.
WASHINGTON, DC-The city's CFO estimates that the total price tag for DC's new baseball stadium will be $581 million. That figure greatly exceeds the first projected cost for the project, which was estimated to be $434.7 million back in September.
WASHINGTON, DC-The city's CFO estimates that the total price tag for DC's new baseball stadium will be $581 million. That figure greatly exceeds the first projected cost for the project, which was estimated to be $434.7 million back in September.
BOWIE, MD-Free State Mall continues to grow with the solidification of plans for Phase II of the redevelopment of the 281,000-sf shopping center under the guidance of property owner JBG Rosenfeld Retail. The second phase will consist of a new 73,000-sf segment for Giant Food and a 10,000-sf pad building.
GERMANTOWN, MD-Transwestern Commercial Services becomes the new leasing and management firm for the 36.5-acre Milestone Business Park. The 316,000-sf dual-structure office campus with developable pad sites of up to 500,000 sf of space was recently snapped up for $60.5 million by Multi-Employer Property Trust.
WASHINGTON, DC-Ruben Capital Management LLC is parting with Lincoln Square, a 404,000-sf property with an assessed value of $161 million, in a deal with investor Ralph Dweck.
FREDERICK, MD-The Frederick Crossing Shopping Center finds itself in the hands of a new owner as Washington Real Estate Investment Trust snaps up the 294,700-sf retail destination in a $45.1-million transaction. The property is leased to maximum capacity.