Mid-Atlantic Regional Digest (9/20/00): Injunction halts demolition of 100-year-old office buildings

Commercial Observer Ernst Equities has paid $1605 million, or $170,745/unit for the 94-unit Queens Park Plaza apartment property in Hyattsville, Md The Washington, DC, developer bought the property, at 2500 Queens Chapel Road, six miles from the...

ConnectCRE JL Land Holdings has paid $57 million, or about $154/sf, for the 369,443-square-foot Gainesville Business Park in Gainesville, Va Chalmers Property Co sold the property and was represented in the deal by CBRE Gainesville Business Park, at...

Wall Street Journal Amazoncom Inc has halted construction of the second phase of its HQ2 complex in Arlington, Va The e-commerce giant is nearing completion of the massive project’s first phase, which involved the construction of two office...

REBusiness Online Blackfin Real Estate has paid $55 million, or $146,277/unit, for the 376-unit Waterford Apartments at 5500 Shore Drive in Virginia Beach, Va The sale was arranged by Colliers The fully occupied property’s units have walk-in...

Newmark has secured $504 million of financing against a portfolio of seven medical office buildings totaling 200,000 square feet in Pennsylvania, Illinois and Florida The brokerage arranged the financing on behalf of the portfolio’s owner,...

REBusiness Online Saxum Real Estate has secured $775 million of financing for the construction of a 466-unit apartment property at 81-95 Fairmount Ave in Philadelphia’s Northern Liberties section JLL Capital Markets arranged the loan through...

Philadelphia Business Journal A venture of Abrams Realty & Development and Lazgor Co has sold the View at Marlton, a 91,000-square-foot retail property in the Philadelphia suburb of Marlton, NJ, for $365 million, or about $401/sf Paramount...

Multi-Housing News Bainbridge Cos has broken ground on Bainbridge Midlothian, a 310-unit apartment property in the Richmond, Va, suburb of Midlothian, Va The property, at 12400 Dutton Road, will have one-, two- and three-bedroom units that range...

Commercial Observer AC DataCom Digital Infrastructure Investments has lined up a $438 million loan from Valley National Bank against its 100,000-square-foot data center in Harrisonburg, Va The property, at 1175 North Main St, is fully leased to...

Multi-Housing News Crescent Communities has started construction on Novel 14th Street, a 197-unit apartment property in Washington, DC The property, at 2601 14th St NW, will have studio, one- and two-bedroom units and will include a fitness center,...