MCLEAN, VA-JER Partners plans to acquire Jameson Inns Inc. for $371 million. Jameson will be operated as a privately held independent company by Longhouse Hospitality.
WASHINGTON, DC-In one possible scenario, several million sf of commercial development would include a few higher-end Big-Box retailers. The Anacostia Waterfront Corp. is considering two possibilities for the neighborhood near the stadium project.
HAGERSTOWN, MD-Rust-Oleum takes 100,000 sf of industrial space at Hagerstown Distribution Center. BPG Properties acquired the previously vacant property last January.
ARLINGTON, VA-The Dallas-based hospitality REIT expects the hotel to benefit from increasing demand in the DC market. Ashford plans to invest $13 million over the next year renovating all of the guestrooms
ARLINGTON, VA-The Dallas-based hospitality REIT expects the hotel to benefit from increasing demand in the DC market. Ashford plans to invest $13 million over the next year renovating all of the guestrooms
WASHINGTON, DC-According to the Mortgage Bankers Association, $345 billion in commercial/multifamily loans closed in 2005. That represents a 49.9% increase over the previous year.
GREENBELT, MD-A joint venture of the Bozzuto Group and Fannie Mae buys a multifamily portfolio for $98 million. It is the eleventh joint venture acquisition the pair has completed.
ROCKVILLE, MD-WRIT takes title to a pair of neighborhood shopping centers here. The REIT plans to renovate the mixed-use properties to improve occupancy.
ROCKVILLE, MD-The mixed-use community, which has received $100 million in government funding, is a model public-private partnership, say participants. And more lease activity is on the way.