Washington Business Journal Crown Properties has paid $28 million, or $14508/sf, for Monument III, a 193,000‑square‑foot office building in Herndon, Va The New York investor purchased the 13‑story property from Santander Bank, which took...
Baltimore Business Journal Macerich Co has acquired the 15 million‑square‑foot Annapolis Mall in Annapolis, Md, for $260 million, or $17333/sf The Santa Monica, Calif, REIT bought the enclosed mall from a venture led by Centennial, a unit of...
Commercial Real Estate Direct Staff Report Vornado Realty Trust’s plans to redevelop its 585,000-square-foot office building at 350 Park Ave in Midtown Manhattan into a 17 million-sf structure that would house Citadel Enterprises...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish They’ve got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022 But...
Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va The...
Washington Business Journal An affiliate of Broadshore Capital Partners has put One Union Center, a 190,200‑square‑foot office building in Washington, DC, on the sales market JLL has the listing for the 11‑story property, at 810 First St NE,...
Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc’s portfolio to 877% in the first quarter from 917% a year...
Pittsburgh Business Times An affiliate of Roadside Development has paid $1523 million, or $9120/sf, for the Galleria of Mt Lebanon, a multi‑level retail property totaling a little more than 167,000 square feet in the Pittsburgh suburb of Mt...
Baltimore Business Journal Amazon Data Services has paid $152 million, or $13694/sf, for the 111,000-square-foot Stone Manor office building in Owings Mills, Md, a suburb of Baltimore The tech giant purchased the building from T Rowe Price Group,...
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