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HAGERSTOWN, MD-The price reflects rising valuations in the hotel asset class that are affecting even secondary market trades.
WASHINGTON, DC-The fund pays $80 million for the asset three-and-a-half years ago, according to the broker.
BETHESDA, MD-Located in Atlanta and Austin, both of the hotels are in growing submarkets of these cities.
BETHESDA, MD-The partnership plans to complete $1 million in capital improvements and hopes to lease the buildings only remaining floor soon after that.
WASHINGTON, DC-The REIT pays $42 million for the three office/flex assets, only one of which is 100% leased.
WASHINGTON, DC-The Feds have transferred more than 200 acres of prime waterfront real estate to the city.
WASHINGTON, DC-The asking rate for the space was $48.50 to $49.75, slightly higher than the average rate for class A space in that part of town.
RICHMOND, VA-With one new acquisition under its belt, BH Properties is likely to make at least one more in this market next year.