Washington Business Journal The NHP Foundation has paid $53.7 million, or $246,330/unit, for Hadley Germantown, a 218‑unit affordable-housing complex in Germantown, Md., about 25 miles northwest of downtown Washington, D.C. The New York nonprofit acquired the apartment property from Elme ...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020. The 484,994-square-foot retail property ...
Baltimore Business Journal Macerich Co. has acquired the 1.5 million‑square‑foot Annapolis Mall in Annapolis, Md., for $260 million, or $173.33/sf. The Santa Monica, Calif., REIT bought the enclosed mall from a venture led by Centennial, a unit of Lincoln Property ...
Baltimore Business Journal Amazon Data Services has paid $15.2 million, or $136.94/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, which is ...
The North Bethesda, Md., REIT acquired the property, at 1501-1519 Rockville Pike, from Cohen Siegel Investors of Rockville. The property is 90% occupied and anchored by an Aldi grocery store, which is in 32,749 sf under a lease that runs ...
Bisnow BXP Inc. has sold its 50% stake in the 734,000-square-foot office property at 7750 Wisconsin Ave. in Bethesda, Md., to its partner, Bernstein Cos. of Washington, D.C., in a deal that values the four-year-old building at $430 million. BXP, ...
Commercial Real Estate Direct Staff Report GSK PLC's pending departure from the 635,058-square-foot life-sciences property at 14200 Shady Grove Road in Rockville, Md., has resulted in the $138 million CMBS loan against the property being transferred to special servicer Rialto ...
Commercial Real Estate Direct Staff Report AH Realty Trust, the former Armada Hoffler Properties Inc., has struck a deal to sell 11 of its 14 apartment properties in Virginia, Maryland, Georgia, and North Carolina for $562 million in cash to ...
Federal Realty Investment Trust has paid $72.3 million, or $410.80/sf, for the 176,000-square-foot Congressional North Shopping Center in the Washington, D.C., suburb of Rockville, Md. The North Bethesda, Md., REIT acquired the property, at 1501-1519 Rockville Pike, from Cohen Siegel ...
Commercial Observer GEICO has increased its footprint by 21,000 square feet to 121,000 sf at the 7272 Wisconsin Ave. office property in Bethesda, Md. The 348,000-sf building is owned by Carr Properties of Washington, D.C. CBRE represented Geico, while JLL ...
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