Mid-Atlantic Regional Digest (7/6/01): Prime REIT looking to sell 6 malls

Bisnow Community Three Development has filed plans to build a 130-unit residential condominium property at 950 Third St NW in Washington, DC The Washington developer plans on breaking ground on the project in the second or third quarter of next year...

Real Estate NJ TopPop has signed a lease to fully occupy the 63,347-square-foot warehouse at 6901 North Crescent Blvd in the Philadelphia suburb of Pennsauken, NJ The packaging company, which specializes in frozen alcoholic beverages, expects to...

Washington Business Journal Target Corp plans on adding 499,230 square feet to the 730,978-sf warehouse at 15900 Leland Road in Upper Marlboro, Md The Minneapolis retailer bought the property from Albertsons Cos It is looking to add 109,180 sf to...

Washington Business Journal Georgetown University has agreed to acquire the 266,288-square-foot office building at 111 Massachusetts Ave NW in Washington, DC Douglas Development Corp of Washington is selling the property in a deal that could close...

Bisnow Steuart Investment Co has filed plans to build a 451-unit apartment property in Washington, DC The building, at the intersection of Half and R streets SW, would also have 16,000 square feet of retail space and 300 underground parking spaces...

Commercial Observer Friedman Capital has paid $37 million, or $649,123/room, for the 57-room Graham Hotel in Washington, DC The Washington real estate investor bought the property from Legacy Hotel Group of Fort Smith, Ark, which had acquired it in...

Commercial Observer A venture of Jair Lynch Real Estate Partners and Nuveen Real Estate has paid $725 million, or about $156,587/unit, for the 463-unit Phoenix Apartments in Bladensburg, Md, about seven miles northeast of Washington Florida Value...

Commercial Observer A venture of Maplewood Senior Living and Omega Healthcare Investors has paid $581 million, or $224,324/room, for the 259-room Fairfax at Embassy Row hotel in Washington, DC Westbrook Partners sold the property in a deal brokered...

Bisnow Lincoln Westmoreland Housing plans on constructing a 101-unit affordable-housing building in Washington, DC The property, at 2911 Rhode Island Ave NE, will have one-, two- and three-bedroom units Lincoln Westmoreland, a Washington nonprofit...

Bisnow A venture of Jefferson Apartment Group and Invesco Real Estate has paid $65 million, or $342,105/unit, for the 190-unit J Harbor Park at North Point apartment property in Reston, Va The Bozzuto Group sold the property, which it had developed...