CHESAPEAKE, VA-A new JCPenney is now the fourth anchor at the 890,000-sf shopping center, occupying a nearly 105,300-sf space that formerly housed the Dillard's store.
ANNAPOLIS, MD-Natural and organic foods chain Whole Foods will relocate its current store here from the Annapolis Harbour Center to the Annapolis Towne Center at Parole, a new $400 million mixed-use development currently in the works.
BALTIMORE-In a deal valued at $191 million, a three-property apartment portfolio in the Baltimore area gets snapped up by Federal Capital Partners. A joint venture involving Lubert-Adler Real Estate Fund III and Sawyer Realty Holdings is letting go of the portfolio after having acquired it in 2002 for $97.9 million.
BALTIMORE-In a deal valued at $191 million, a three-property apartment portfolio in the Baltimore area gets snapped up by Federal Capital Partners. A joint venture involving Lubert-Adler Real Estate Fund III and Sawyer Realty Holdings is letting go of the portfolio after having acquired it in 2002 for $97.9 million.
CHANTILLY, VA-Ownership of the four-structure flex park known as Enterprise Center is about to change hands with First Potomac Realty Trust's signing of a definitive agreement to buy the 189,100-sf property for $29.5 million. The deal will include the assumption of $17.9 million in debt.
GAITHERSBURG, MD-A new real estate services firm is put in place to oversee leasing activities at Montgomery Executive Center, a 116,000-sf office facility in Montgomery County's I-270 Corridor. Property owner Glenborough Realty Trust Inc. chooses Transwestern Commercial Services for the job.
WASHINGTON, DC-A 900,000-sf office portfolio involving Washington, DC and suburban Maryland is in line to come under new ownership, courtesy of Toronto-based Brascan Real Estate Opportunity Fund's recent commitment to acquire the group of six properties from Douglas Development Corp.
WASHINGTON, DC-A 900,000-sf office portfolio involving Washington, DC and suburban Maryland is in line to come under new ownership, courtesy of Toronto-based Brascan Real Estate Opportunity Fund's recent commitment to acquire the group of six properties from Douglas Development Corp.
BETHESDA, MD-A new financing company, ARK Realty Capital LLC, comes to town. The young company, which focuses on highly structured debt financing, already has $190 million in transactions under its belt.
WASHINGTON, DC-The Residence Inn by Marriott Capitol, a 233-suite hotel near the new National Museum of the American Indian, opens its doors two years after its groundbreaking. Four Fires, a partnership of four Native American organizations, the Donohoe Cos. and Hospitality Partners are behind the $43 million project.