WASHINGTON, DC-Fannie Mae announced plans to redeem 11 securities with a total value of $630 million on June 29, before their respective maturation dates. Redemptions are for principal value plus interest.
MCLEAN, VA-Chip Ryan, a 20-year real estate industry veteran, comes to Cushman & Wakefield after nine years at Insignia/ESG, where he served as executive director of the company's McLean office.
WASHINGTON, DC-Hospitality Properties Trust purchased the four hotels, located in Hawaii, California and Washington State. Marriott International will continue to operate the hotels under a long-term management agreement.
WASHINGTON, DC-Columbia General Corp., in partnership with the IBUS Co., recently paid $10.45 million for a 95% interest in Channel Square, a 203-unit apartment building located at 325 P. St., SW.
RICHMOND, VA-Hilton will continue to manage the stay Homewood Suites hotels. Apple Suites Realty Income Trust now owns 15 of extended-stay properties with Hilton serving as manager.
RESTON, VA-The niche, upscale grocer plans to open a freestanding 11,000-sf grocery store in October, located at the corner of Bennington Woods Road and Stevenage Road in the Reston Town Center District.
OWINGS MILLS, MD-The CyberCity@Owings Mills, aimed at boosting regional tech businesses, is part of plans for the $300 million Town Center at the Owings Mills Metro Station being developed by LCOR.
WASHINGTON, DC-With Mark Winkler Co.'s recent $44-million purchase of the former MCI Communications headquarters, Cushman & Wakefield will lease the space in the 13-story office building, which had been vacant for the past few months.
WASHINGTON, DC-Four companies have renewed leases for office space in properties owned by Boston Properties. Three of the firms are located in DC while the other is located in Richmond, VA.
WASHINGTON, DC-Under-performing markets were Orlando, Phoenix and Atlanta, while Washington, DC, Austin and San Francisco were placed on the "watch" list, according to an analyst during a NAREIT presentation.