MANASSAS, VA-Berwyn, PA-based LCOR acquires the Ravens Crest Apartments for $61 million. The 444-unit garden-style apartment property last traded in 1999 in a deal valued at about $31 million.
BALTIMORE-The Harbor Court Complex, a mixed-use property at the Inner Harbor, sells in a deal valued at $78 million. The property centers on the 195-room Harbor Court Hotel and features a 72,000-sf office building and a 530-space parking facility.
GAITHERSBURG, MD-Two Washingtonian Center finds a new owner in a $117-million transaction. This marks its second change in ownership in about one year. The 287,800-sf office property, which includes a 1,100-vehicle parking facility, features Marriott International as its lead tenant.
GAITHERSBURG, MD-Two Washingtonian Center finds a new owner in a $117-million transaction. This marks its second change in ownership in about one year. The 287,800-sf office property, which includes a 1,100-vehicle parking facility, features Marriott International as its lead tenant.
ARLINGTON, VA-Retail property developer the Mills Corp. begins the year with changes, revealing a new strategy focusing on its core operations and development prospects. It also calls for changes to internal accounting operations and a trimming of the management team.
SILVER SPRING, MD-Home Properties takes title to neighboring apartment properties Peppertree Farm and Cinnamon Run for $172 million. The 1970s era multifamily communities, which account for an aggregate 1,392 units, will both undergo renovations.
SILVER SPRING, MD-Home Properties takes title to neighboring apartment properties Peppertree Farm and Cinnamon Run for $172 million. The 1970s era multifamily communities, which account for an aggregate 1,392 units, will both undergo renovations.
JESSUP, MD-GraphTec makes plans for relocation from Annapolis Junction with the signing of a lease at 8620 Dorsey Run Rd. The digital printing concern will occupy 46,200 sf of relet space in the 85,100-sf industrial facility.
ANNAPOLIS, MD-The conversion of the former Parole Plaza into the Annapolis Towne Centre at Parole is under way. The scheduled completion date is 2008. The $400-million endeavor will result in a new shopping mall, as well as office and residential offerings.