Washington, DC

The project is a 551,000-square foot mixed-use residential and retail development.

Ballston has been battered a bit by relocations out of the submarket.

The cash-and-stock deal is expected to close next week.

The apartment complex is part of a portfolio that KBS Legacy Partners put up for sale last year.

WASHINGTON, DC--MD--TIER REIT has completed its sale of 500 East Pratt in Baltimore and a JV between Feldman Bergin Properties and Fortified Property Group has made its second acquisition in Howard County.

BETHESDA, MD--This week RLJ Lodging appointed Robert J. McCarthy, former chief operations officer and group president at Marriott International as a trustee.

“There is diminishing supply here for this kind of product but demand from local businesses is still strong.”

“Obviously after today there is no look back which is why it makes sense after February 2018 to have 100%, but what about the rest of the data?”