Mid-Atlantic

Philadelphia Business Journal Velocity Venture Partners has paid $33 million, or about $50/sf, for the 667,019-square-foot industrial building at 2750 Morris Road in the Philadelphia suburb of Lansdale, Pa. The Philadelphia company bought the property from Advance Realty and the...

Bisnow Akelius has paid $40.2 million, or $193,269/unit, for the 208-unit Rittenhouse Apartments in Washington, D.C. The Swedish investor bought the property from Nuveen Real Estate, which had assumed it seven years ago through its acquisition of Henderson Global Investors. Henderson...

Washington Business Journal Boston Properties Inc. is considering selling a portfolio of three data-center and flex-office buildings with a combined 245,578 square feet in Springfield, Va. The properties that the Boston REIT may sell are: - 7374 Boston Blvd., with...

Washington Business Journal S.C. Herman & Associates is marketing for sale the 273,000-square-foot office building at 1125 15th St. in Washington, D.C. The Washington firm has hired Stream Realty Partners to market the vacant property, which has been assessed at...

Washington Business Journal WeWork has filed a lawsuit in Washington, D.C., Superior Court against the Meridian Group, claiming the Bethesda, Md., investment manager did not reimburse nearly $6.8 million in tenant-improvement costs at 700 K St. NW in Washington, D.C....

Philadelphia Business Journal Ensemble Real Estate Investments has paid $83 million, or $223/sf, for three office and laboratory buildings with 372,000 square feet in Philadelphia's Navy Yard. The Long Beach, Calif., company bought the 140,000-sf building at 400 Rouse Blvd.,...

Baltimore Business Journal A 168-room Canopy by Hilton hotel is opening on Oct. 15 at 1201 Wills St. in Baltimore. The property's opening was set for March, but was delayed as a result of the coronavirus pandemic. A venture of...

BizNow The Social Security Administration is planning to reduce its office footprint in the Washington, D.C., area. It is looking to consolidate three leases with a combined 430,000 square feet to one building with 205,000 sf. The proposal requires Congressional...

Philadelphia Inquirer The board of the Delaware River Waterfront Corp. has chosen the Durst Organization to redevelop a 3.5-acre site along Penn's Landing in Philadelphia. Durst, of New York, plans on investing $2.2 billion in the 3.5 million-square-foot project, which...

Bisnow Silverstone Senior Living has filed plans for a seniors-housing building at the intersection of Westpark and Greensboro drives in Tysons, Va. The building will have a continuing-care facility with 200 units and an additional 53,000 square feet for memory-care...