Mid-Atlantic
Initial Phase of Amazon HQ2 Completed
BisNow Amazon.com Inc. has completed work on the first phase of its HQ2 headquarters complex in Arlington, Va. The pair of 22-story buildings, at 1770 Crystal Drive, have 2.1 million square feet of office space. Employees will move into the...
211-Unit Apartment Property Opens in Lansdale, Pa.
REBusiness Online Westrum Development has completed work on the 211-unit Luxor Lifestyle Apartments Lansdale in the Philadelphia suburb of Lansdale, Pa. The property at 117 South Broad St. has a mix of studio, one- and two-bedroom units with monthly rents...
Work Begins on 759,210-SF Industrial Project in Philadelphia
REBusiness Online DH Property Holdings has begun construction on a two-building industrial property at 5000 Richmond St. in Philadelphia's Bridesburg area. The two buildings will total 759,210 square feet and are expected to be completed by the end of next...
155,663-SF Office Building in Pittsburgh Sold
REBusiness Online Sterling Equities has sold the 155,663-square-foot Foster Plaza Nine office building in Pittsburgh's Parkway West area. The buyer and purchase price could not be learned. Newmark brokered the deal on behalf of the seller. The building, at 750...
Seniors Housing Proposed for Bel Air, Md., Mixed-Use Development
REBusiness Online Park Avenue Lifestyle is planning a seniors-housing property on a site it has purchased at the James Run mixed-use development in Bel Air, Md. The Winter Park, Fla., company, which owns and operates nine seniors-housing properties, bought the...
JBG Smith Sells 80 Percent Stake in Bethesda, Md., Headquarters
BisNow JBG Smith Properties Inc. has sold an 80 percent stake in its 291,000-square-foot headquarters at 4747 Bethesda Ave. in Bethesda, Md., for $196 million. The buyer of the stake could not be learned. The company had developed the 15-story building...
Faropoint Pays $13Mln for Light Industrial Building in Swedesboro, N.J.
ConnectCRE Faropoint has bought a 119,000-square-foot light industrial building in Swedesboro, N.J., for $13 million, or about $109.24/sf. Newvine Corp. sold the property, which sits on 12 acres at 1654 High Hill Road, in a deal brokered by CBRE. The...
Work Wraps Up on 201-Unit Apartment Property in Chester, Va.
ConnectCRE Breeden Construction has completed the Station at Chester, a 201-unit apartment property in Chester, Va. Work on the $27.5 million development began in March 2021. Station at Chester, at 4101 Runner Loop, spans five buildings and houses 65 one-bedroom,...
CyrusOne Leases 265,000-SF Data Center in Ashburn, Va.
ConnectCRE Data center operator CyrusOne Inc. has signed a 30-year lease for the ABX-1 data center, with 265,000 square feet in Ashburn, Va. The property, at 21529 Beaumeade Circle, is being developed by Powerhouse Data Centers, a venture between American...
Furnished ‘Co-Living’ Apartment Property Opens in Washington D.C.
REBusiness Online A venture of Urban Atlantic, Triden Development, Hines and Bridge Investment Group has opened Common Clover, a 248-unit apartment property on the grounds of the former Walter Reed Army Medical Center in Washington, D.C. The property is a...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
