ARLINGTON, VA-Refinancing to the tune of $107 million closes for a four-property portfolio in Northern Virginia and Suburban Maryland. The loan allows the borrower to take advantage of low interest rates, and to finance the conversion of an apartment community here into a condominium property.
GREENBELT, MD-IT services provider the Presidio Corp. doubles its occupancy level at Commerce Center II, taking on an additional 27,000 sf to bring its total office space up to 53,000 sf. The company's new lease agreement comes just a year-and-a-half after it moved to the 130,000-sf office building.
TEMPLE HILLS, MD-Arbor View Apartments finds a new owner in Federal Capital Partners, which recently acquired the 450-unit multifamily property in a $29 million transaction from a partnership led by California-based real estate investor Richard Friedland.
HERNDON, VA-Monument I goes from completely vacant to fully occupied as technology products and services provider ITT Industries commits to consolidating two departments into the 167,300-sf office building at the four-structure Worldgate Center complex. ITT will call the building home at least through 2019.
HERNDON, VA-Monument I goes from completely vacant to fully occupied as technology products and services provider ITT Industries commits to consolidating two departments into the 167,300-sf office building at the four-structure Worldgate Center complex. ITT will call the building home at least through 2019.
BETHESDA, MD-The Donohoe Cos. Inc. and TIAA-CREF join forces to develop a new Hilton Garden Inn at the Air Rights Center, a 700,000-sf office and retail property. The 216-room hotel will cost an estimated $40 million to complete.
ANNAPOLIS JUNCTION, MD-The National Business Park, a 175-acre class A project spearheaded by Corporate Office Properties Trust, is turning out to be a popular destination, as yet another tenant signs on for an entire office facility currently being built as part of Phase II of the development.
MERRIFIELD, VA-Metro Place II, a 234,500-sf office structure with a six-level parking facility, sells in a recent transaction valued at $71.7 million. Glenborough Realty Trust takes over ownership of the fully leased class A property from Opus, making use of funds from a recent Rockville, MD disposition.
MERRIFIELD, VA-Metro Place II, a 234,500-sf office structure with a six-level parking facility, sells in a recent transaction valued at $71.7 million. Glenborough Realty Trust takes over ownership of the fully leased class A property from Opus, making use of funds from a recent Rockville, MD disposition.
LAUREL, MD-The Fairfield Inn Laurel comes under new ownership as Hersha Hospitality Trust acquires the 109-room property from the Bernstein Cos. Hersha is planning to upgrade the 17-year old hotel.