Government Agency Relocating D.C. Offices, Taking Less Space
April 25, 2024
400,000-SF Industrial Project Planned for Silver Spring, Md.
April 25, 2024
City: Annapolis
Ground to Break on Annapolis, Md., Apartment Project
Baltimore Business Journal Aventon Cos. plans to break ground soon on the 250-unit Aventon Annapolis apartment property in Annapolis, Md. The Raleigh, N.C., developer expects to complete the project, at 2555 River Road, in 2023. It will demolish an office ...
Berkadia Funds $30Mln Bridge Loan for Annapolis, Md., Apartments
Berkadia has funded a $30 million bridge loan against the 144-unit Woodside Gardens apartment property in Annapolis, Md. The loan allowed the property's owner, Fairstead of New York, to refinance a $21.3 million Freddie Mac loan and to fund an ...
116 Defense Highway
The property was 70 percent occupied as of July. The property serves as collateral for $11.6 million of debt that's securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2007-CIBC18. THe loan went into default more than four years ago.
175 Admiral Cochrane Drive
fully leased.
Annapolis Science Center
Douglas plans to invest $10 million towards upgrades.
Annapolis Commerce East
99 percent leased. First Potomac assumed the $9 million of mortgage debt that encumbers the property. The debt is securitized via Bear Stearns Commercial Mortgage Securities Inc., 2004-PWR5. It carries a fixed-rate of 5.71 percent and matures in 2014.
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