PERRYVILLE, MD-Swedish home furniture company IKEA begins construction of a new 1.7 million-sf distribution center in the Cecil County town. The project will cost an estimated $50 million and will bring as many as 350 jobs to the area.
BALTIMORE, MD-Seven community partnerships have received grants totaling $1.6 million to build affordable housing from the Federal Home Loan Bank of Atlanta. About 302 area families will eventually benefit from the award.
RANDALLSTOWN, MD-The Carriage Hill Apartments will continue to undergo its rejuvenation process with the assistance of a $36 million refinancing loan from Arbor Commercial Mortgage. Owner Sawyer Realty Holdings take on the 10-year loan at a rate of 7.11%
RANDALLSTOWN, MD-The Carriage Hill Apartments will continue to undergo its rejuvenation process with the assistance of a $36 million refinancing loan from Arbor Commercial Mortgage. Owner Sawyer Realty Holdings take on the 10-year loan at a rate of 7.11%
MECHANICSVILLE, VA-Membership warehouse store BJ's Wholesale Club takes on 16 acres at the Hanover Square South Shopping Center, where it will build its first Richmond, VA-area outlet. BJ's hands over $33.65 million for the property, and will spend $3.8 million to build the store.
COLUMBIA, MD-Suburban Howard County's Overlook Center goes on the auction block Feb. 20. Tranzon Fox will handle the auction of the 68,887-sf office building, which is 86% occupied and less than two decades old.
ALEXANDRIA, VA-AvalonBay moves forward with plan to concentrate on its core markets by disposing of three of its apartment complexes in the Boston and Los Angeles areas for $64.2 million.
WASHINGTON, DC-The National Multi Housing Council (NMHC) and the National Apartment Association put together a brochure dispelling commonly held negative beliefs about apartment buildings.
CHEVY CHASE, MD-Clark Construction completes the $33-million Chase Tower on behalf of owners Chase Tower Associates, a joint venture of the JBG Companies and JER Partners. The 250,000-sf Class A structure offers office space over ground-level retail.
FAIRFAX, VA-La-Z-Boy opens a new 17,000-sf furniture outlet just down the street from its former location on Lee Highway. Real estate firm Recycland, LLC is behind the construction of the $1.8 million project, and as owners, leases the space to Monroe, MI-based La-Z-Boy.