Hotels

The new building—Corporate Commons Three at the Teleport—will complement the Nicotra Group-owned existing fully-leased Corporate Commons One (120,000 square feet) and Corporate Commons Two (180,000 square feet) properties at the campus.

Xenia also reported on Wednesday it had purchased The Ritz-Carlton Pentagon City, a 365-room luxury hotel in Arlington, VA for $105 million, or approximately $287,670 per key.

There has been a number of trades in the Washington DC area in recent weeks as the year is winding to a close.

For a while the REIT had been selling off its Washington DC-Baltimore area properties.

A roundup of recent deals, leases, executive moves, and other news from the past week.

Among other things, the firm will design a rooftop deck for Westin Anaheim Resort where guests can enjoy Disneyland and California Adventure park views and nightly fireworks shows.

Progress is being made, as evident from the stats from local research companies which provide an update and recap of the damage to commercial real estate properties in the area.

Although the results vary among the five major sectors, “there is no denying the overall softening of commercial real estate pricing,” says Peter Muoio at Ten-X.