WASHINGTON, DC-A deal is in place for Westbrook Partners to acquire the Hotel Washington from its long-time owner Gal-Tex, sources tell GlobeSt.com. The 341-room hotel will sell for a figure in the $120-million range.
ARLINGTON, VA-David Bruce, newly elected president of Corfac International, tells GlobeSt.com that the commercial real estate services organization's new national initiatives include expanding its members' reach across the country. Corfac is eyeing a few places including New York City and Chicago.
BALTIMORE-The sale of the Town & Country Trust officially closes with the joint venture involving Morgan Stanley Real Estate, Onex Real Estate and Sawyer Realty Holdings LLC paying $1.5 billion for the multifamily REIT.
GAITHERSBURG, MD-An $11.2-million first mortgage loan wraps up for the Washingtonian Waterfront retail project, an expansion of the 460,000-sf Washingtonian Center. The funds replace construction financing for the 29,600-sf endeavor.
GAITHERSBURG, MD-An $11.2-million first mortgage loan wraps up for the Washingtonian Waterfront retail project, an expansion of the 460,000-sf Washingtonian Center. The funds replace construction financing for the 29,600-sf endeavor.
JESSUP, MD-Bechtel Corp. commits to 26,600 sf of space at 8280 Stayton Dr., bringing the 57,300-sf industrial building up to full occupancy. The new lease marks an expansion for Bechtel in Maryland.
ARLINGTON COUNTY, VA-The Arlington County Board gives its approval for KSI Services Inc. to move forward with the second phase of the $900-million, mixed-use Metropolitan Park, which calls for the development of an upscale 300-unit apartment tower with ground-level retail.
ARLINGTON COUNTY, VA-The Arlington County Board gives its approval for KSI Services Inc. to move forward with the second phase of the $900-million, mixed-use Metropolitan Park, which calls for the development of an upscale 300-unit apartment tower with ground-level retail.
BETHESDA, MD-DiamondRock Hospitality announces pricing of $13 per share of its follow-on public offering of 16.8 million shares of common stock. The offering is scheduled to close on April 4.