Subject: Mid-Atlantic Regional Digest (MADIG)
Baltimore Hotel Sold for $18.5Mln; Apartment Conversion Planned
Baltimore Business Journal A group led by Byrnes & Associates Inc. has purchased the 129-room Hotel RL Baltimore in downtown Baltimore for $18.5 million, with plans to redevelop the property into 130 apartment units. Byrnes, of Baltimore, is partnering on ...
Construction Begins on 850,000-SF Industrial Project in North Fayette, Pa.
REBusiness Online Ashford Properties has started work on the North Fayette Industrial Park, a 850,000 square-foot property in the Pittsburgh suburb of North Fayette, Pa. The real estate developer is building the nine-building property on a 164-acre site. Ashford is ...
Venture Buys 859,900-SF Industrial Property in Aberdeen, Md.
REBusiness Online A venture of investment firms MCB Real Estate LLC and Artemis Real Estate Partners has acquired the 859,900-square-foot industrial property at 1225 South Philadelphia Road in Aberdeen, Md., about 36 miles north of Baltimore. The property was purchased ...
H.I.G. Realty Venture Pays $110Mln for 4 Va. Shopping Centers
REBusiness Online A venture led by H.I.G. Realty Partners has paid $110 million for a portfolio of four retail centers with 592,000 square feet in the Richmond, Va., area. The Miami investment manager partnered on the purchase with Rosenthal Properties ...
Construction Begins on 206,826-SF Warehouse in Elmwood Park, N.J.
Real Estate Weekly Crow Holdings Development has started building a 206,826-square-foot warehouse on the site of a former Marcal Paper factory in Elmwood Park, N.J., about 22 miles northwest of Manhattan The industrial property is being built on 11.87 acres ...
$273.7Mln CMBS Loan Against Club Quarters Hotel Portfolio Headed to Foreclosure
Philadelphia Business Journal The $273.7 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure. The loan is securitized through BX Trust, 2017-CQHP, and is senior ...
St. John Properties to Develop 110,000-SF Mixed-Use Property in Hunt Valley, Md.
REBusiness Online St. John Properties has purchased a 17-acre parcel in Hunt Valley, Md., with plans to build 110,000 square feet of research and development and retail space on it. The site is at the corner of York Road and ...
LCOR Begins Leasing 267-Unit Apartment Property in Philadelphia
REBusiness Online LCOR has begun leasing The Ryland, a 267-unit apartment property in the Society Hill of neighborhood of Philadelphia. The 31-story property, at 1 Dock St., has 44 studios, 154 one-bedroom units, 44 two-bedroom apartments and 25 penthouse suites with ...
JBG Smith Plans 370-Unit Apartment Property in Arlington, Va.
ConnectCRE JBG Smith Properties Inc. has submitted plans to construct a 370-unit apartment property with street-level retail space on Crystal Drive in the National Landing section of Arlington, Va. The property would have seven floors.
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 ...
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