Mid-Atlantic Regional Digest (4/12/02): DC Office Market Shines in New Report

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...

Baltimore Business Journal Scannell Properties is planning to build a 436,000-square-foot distribution center at 9115 Pulaski Highway in the Baltimore suburb of Middle River, Md The Indianapolis developer will construct the three-building complex on...

Washington Business Journal Amazoncom Inc is opening a 200,000-square-foot distribution center in Fredericksburg, Va, later this month The property, at 25 Strategy Drive, is about 55 miles southwest of Washington, DC The online retail giant...

Real Estate NJ John Hancock Life Insurance Co is offering for sale the 300,000-square-foot West Windsor Commons office property in West Windsor, NJ The company has hired JLL to market the two-building property, which it had bought in 2012 for $95...

Philadelphia Business Journal A venture of Greystar Real Estate Partners and Mesirow Financial plans on constructing a 399-unit apartment property at 123 South 12th St in Philadelphia Greystar recently acquired the project’s development site...

Washington Business Journal Skanska plans on breaking ground this month on a 201,000-square-foot office project in Arlington, Va The nine-story building, at 3901 Fairfax Drive, will also have 10,000 sf of retail space Skanska plans on completing the...

Washington Business Journal Finmarc Management Inc has sold a 76,000-square-foot retail property in Springfield, Va, for $398 million, or $52368/sf Pegasus Investments represented the buyer, an undisclosed Los Angeles investment group, while...

Real Estate NJ Shamah Properties has paid $704 million, or $460,131/unit, for the 153-unit Copperwood Apartments in Princeton, NJ The Edison, NJ, company bought the property from developer J Robert Hillier The five-building complex, at 300 Bunn...

Bisnow A group of high net-worth investors is offering for sale the development site at 1109 Congress St NE in Washington, DC Avison Young has been tapped to market the site, which the city’s Zoning Commission has approved for a 62-unit...