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.
HALETHORPE, MD-A 400,000-sf industrial building located on a 40-acre parcel in Suburban Baltimore gets snapped up in a recent $13.9-million transaction. Formerly the home of Washington Quality Foods' flour mixing plant, the property will be expanded to 550,000 sf by the new owner.
NORTH BETHESDA, MD-Capital Gateway II and IV sell for an aggregate sum of $180 million. The two-building office complex, which accounts for a total of 574,000 sf, is home to the likes of IBM and the National Institutes of Health.
NORTH BETHESDA, MD-Capital Gateway II and IV sell for an aggregate sum of $180 million. The two-building office complex, which accounts for a total of 574,000 sf, is home to the likes of IBM and the National Institutes of Health.
WASHINGTON, DC-President George W. Bush's FY06 budget proposal takes a bite out of HUD's funding, reducing the housing entity's budget to $28.5 billion from last year's allotment of $32.4 billion. Low-income housing advocates say the sizeable cut will do more harm than good.
GLEN BURNIE, MD-A 221,600-sf warehouse building changes hands for $12 million, marking the first Tenant-in-Common transaction executed in the Baltimore area's industrial market. The property is home to convenience store goods distributor Eby-Brown, which occupies the space under a long-term lease.
ARLINGTON, VA-The three-year-old apartment building formerly known as the Atherton and most recently referred to as Korman Communities Arlington, comes under new ownership as Federal Capital Partners acquires the 123-unit property from Korman Communities in a $40-million deal.
ARLINGTON, VA-The three-year-old apartment building formerly known as the Atherton and most recently referred to as Korman Communities Arlington, comes under new ownership as Federal Capital Partners acquires the 123-unit property from Korman Communities in a $40 million deal.
ANNAPOLIS, MD-Tapped by new owner Highland Hospitality Corp, Crestline Hotels & Resorts Inc. takes on the role of manager for the 196-room Sheraton Annapolis hotel. Highland's decision comes on the heels of the announcement of the closing of its purchase of the hotel for $18 million.
ALEXANDRIA, VA-The 111,300-sf office building at 1001 N. Fairfax St. finds a new owner in Federal Capital Partners. The Washington, DC-based real estate company is buying the property from Pentagon Federal Credit Union, which will remain at the property under a lease agreement until the organization's new headquarters is ready for occupancy.