BETHESDA, MD-Expansion is the name of the game as City Hotels SA announces plans to increase its hotel management and ownership mix during the next three years.
BALTIMORE-Prime Retail, based here, hopes to raise $150 million net proceeds in several transactions and a financing arrangement. The company is looking to an affiliate of Fortress Investment Fund LLC for stabilization.
WASHINGTON, DC-Politicians in city government here are working fast and furiously to construct proposals on regulations to present to Planning and Zoning in the next 22 days, in time for the scheduled meeting.
BETHESDA, MD-Host Marriott Corp. has not owned the lease rights to its own portfolio of hotels, but is in the middle of a deal now to buy them, according to company officials.
RICHMOND, VA-Funding from strategic investors will be used to finance an expansion plan, one that company officials describe as being aggressive. The primary investor is a Maryland-based private equity firm.
SILVER SPRINGS, MD-Construction has begun Downtown on a half million sf high-tech office complex that will house almost 2,000 employees and be headquarters for the cable television management firm.
ANNAPOLIS, MD-The new guide analyzes the factors involved in investing, determining the potential of the industry. It examines attributes and flaws of individual companies and demand and supply within the market.
WASHINGTON, DC-Participants in the National Association of Industrial and Office Properties conference here report real estate is still a solid investment and the future of the market will remain positive for at least another year.
FAIRFAX, VA-Great Oak LLC is the new owner of an office property that J.P. Morgan has owned for the last 11 years. This is one of many deals GE expects to make before the year ends.
WASHINGTON, DC-Ocean Properties may become the new owner of the Hilton Garden Inn next year for a purchase price estimated at $48 million. The property just opened this past February.