Subject: Mid-Atlantic Regional Digest (MADIG)

Washington Business Journal Sekisui House REIT Inc. has paid $299 million, or $879,411/unit, for the 340-unit Crescendo apartment towers at 20 Ridge Square NW in northwest Washington, D.C. The company, affiliated with Japan's largest homebuilder, bought the property—the remaining multifamily ...

Bisnow Shorenstein Properties has paid $84.3 million, or $384.93/sf, for the 219,000-square-foot office building at 901 K St. NW in Washington, D.C. The San Francisco investor acquired it from Carr Properties of Washington. Shorenstein lined up a $74.3 million loan ...

Virginia Business Macerich Co. is planning a major redevelopment of its Tysons Corner Center shopping mall in suburban Washington, D.C. The Santa Monica, Calif., REIT, which owns the property through a venture with the Alaska Permanent Fund Corp., will redevelop ...

Philadelphia Business Journal Performance Team has leased the entire 1.2 million-square-foot Box Park Logistics Center in the Philadelphia suburb of Cinnaminson, N.J. The industrial property, at 995 Taylors Lane, is owned by Logistics Property Co. of Chicago, which was represented ...

Washington Business Journal JBG Smith Properties has paid $42.3 million, or $84.60/sf, for the 489,239-square-foot Tysons Dulles Plaza office complex in the Washington, D.C., suburb of McLean, Va. The Bethesda, Md., REIT bought the three-building property, at 1410-1430 Spring Hill ...

More than 31,000 square feet of leases have been signed at the Westlakes office complex in the Philadelphia suburb of Berwyn, Pa., bringing the 447,546-square-foot property to 80% occupancy. The four-building property, at 1000, 1055, 1205, and 1235 Westlakes Drive, ...

Washington Business Journal Morning Calm Management has tapped JLL to market for sale the 175,000-square-foot office building at 1945 Old Gallows Road in Tysons, Va. The Boca Raton, Fla., investor bought the property in 2019, when it was 55% leased, ...

Bisnow Artemis Real Estate Partners has provided $186 million of mortgage financing against the 640-unit Rigby and Market House Apartments in the NoMa section of Washington, D.C. The property, at 1240 Third St. NE, is owned by a venture of ...

Bisnow ING Capital and Münchener Hypothekenbank have filed to foreclose against the $190.9 million loan on the 405,000-square-foot office property at 1625 Eye St. NW in downtown Washington, D.C. The building is owned by a venture of American Real Estate ...

Commercial Observer Kennedy Wilson and Pearlmark have provided $195 million of financing for the development of the 356-unit Portals IV apartment project at 1301 Maryland Ave. SW in Washington, D.C. Kennedy Wilson, a Beverly Hills, Calif., investment manager, took down ...