Philadelphia Business Journal The $2737 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure The loan is securitized through BX Trust, 2017-CQHP, and is senior...
REBusiness Online St John Properties has purchased a 17-acre parcel in Hunt Valley, Md, with plans to build 110,000 square feet of research and development and retail space on it The site is at the corner of York Road and Wight Avenue, about 18...
REBusiness Online LCOR has begun leasing The Ryland, a 267-unit apartment property in the Society Hill of neighborhood of Philadelphia The 31-story property, at 1 Dock St, has 44 studios, 154 one-bedroom units, 44 two-bedroom apartments and 25...
ConnectCRE JBG Smith Properties Inc has submitted plans to construct a 370-unit apartment property with street-level retail space on Crystal Drive in the National Landing section of Arlington, Va The property would have seven...
BisNow Amazoncom Inc has completed work on the first phase of its HQ2 headquarters complex in Arlington, Va The pair of 22-story buildings, at 1770 Crystal Drive, have 21 million square feet of office space Employees will move into the property in...
REBusiness Online Westrum Development has completed work on the 211-unit Luxor Lifestyle Apartments Lansdale in the Philadelphia suburb of Lansdale, Pa The property at 117 South Broad St has a mix of studio, one- and two-bedroom units with monthly...
REBusiness Online DH Property Holdings has begun construction on a two-building industrial property at 5000 Richmond St in Philadelphia’s Bridesburg area The two buildings will total 759,210 square feet and are expected to be completed by the...
REBusiness Online Sterling Equities has sold the 155,663-square-foot Foster Plaza Nine office building in Pittsburgh’s Parkway West area The buyer and purchase price could not be learned Newmark brokered the deal on behalf of the seller The...
REBusiness Online Park Avenue Lifestyle is planning a seniors-housing property on a site it has purchased at the James Run mixed-use development in Bel Air, Md The Winter Park, Fla, company, which owns and operates nine seniors-housing properties,...
BisNow JBG Smith Properties Inc has sold an 80 percent stake in its 291,000-square-foot headquarters at 4747 Bethesda Ave in Bethesda, Md, for $196 million The buyer of the stake could not be learned The company had developed the 15-story building...
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