Maryland
Transwestern Tapped to Lease 122K-SF Medical Office Property in Rockville
Transwestern has been tapped to lease the Shady Grove Medical Pavilion, a 122,000-square-foot medical office property in Rockville, MD. Ken… Read more
Microsoft Signs 400K-SF Lease at Reston Town Center in Metro D.C.
Tech giant Microsoft has signed a 400,000-square-foot office lease at Two Freedom Drive in Reston. The new office will have… Read more
Berkadia Lines Up $661M in Freddie Mac Debt on 4-State Portfolio
Berkadia recently closed on a $661-million financing for a 22-property, 4,670-unit apartment portfolio on behalf of Pennsylvania-based Morgan Properties. TJ Piper… Read more
Dwight Capital Provides $102M Refinancing for Maryland MF Portfolio
Dwight Capital has provided $102.2 million in HUD 223(a)(7) loans for a portfolio of four market-rate apartment complexes in Maryland.… Read more
Enterprise Community Partners Launches Covid-19 Response Program
Columbia, MD.-based affordable housing nonprofit Enterprise Community Partners has launched a Covid-19 response program to provide relief funding and assistance… Read more
Merritt Properties Acquires Two Maryland Office Buildings
Merritt Properties has acquired Lyndwood Executive Center, a two-building, 98% leased, office complex in Howard County, MD. The sales price… Read more
GSA Aims to Lease 126K-SF in Suburban Maryland
A federal agency may be looking to relocate from downtown Bethesda to another office building in suburban Maryland. On May… Read more
Triple-Net Portfolio Sells to Family Trust
Coldwell Banker Commercial’s Faraz Cheema represented the buyer in the acquisition of three fully- leased commercial properties across Maryland. The properties collectively sold for $18.95… Read more
E-Commerce Tenant Pays $91M for Baltimore Portfolio
Cushman & Wakefield completed the $90,500,000 sale of Techwood Business Center, a six-building, 648,173-square-foot portfolio within the Baltimore Commons Business… Read more
Berkadia Lines Up Nearly $200M in Refi, Acquisition Debt
Berkadia recently completed deals totaling nearly $195 million for five multifamily properties, including four in the Washington, D.C. metro area. A… Read more
Holland Properties Breaks Ground on MXU in Columbia, MD
Holland Properties broke ground Monday on Lakeside Center in Columbia, MD. The center will offer 85,000 square feet of new development, including… Read more
Global Medical REIT Acquires MOB in Northern VA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of Dumfries Health Center, a 99,718-square-foot medical office building in Dumfries,… Read more
Nordstrom Permanently Closing 16 Full-Line Stores in Nine States
Seattle-based Nordstrom, Inc. outlined plans to increase flexibility and agility in serving customers and position the business for the long-term… Read more
Baltimore-D.C. Corridor Sees Its Largest Single-Asset Industrial Deal
The Mid-Atlantic Commerce Center, an 853,520-square-foot Class A industrial building at 7600 Assateague Dr. in Jessup, MD, has traded to… Read more
JBG Smith Positioned to Weather “Prolonged Recession”
JBG Smith Properties CEO Matt Kelly said the Bethesda, MD-based REIT is in a strong positi0n coming into the pandemic-driven downturn, thanks to… Read more
Transwestern Brokers Value-Add Deal in Langley Park
Transwestern Real Estate Services brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, MD’s Langley… Read more
Edge Hires Senior Director for Northern VA Capital Markets
Edge has hired Cristine Kleine as senior director with the capital markets group. Previously a director for Metropolis Capital Advisors,… Read more
Federal Realty Launches Contactless Exchange for Retailers
Ahead of a phased re-opening for shopping center tenants in the coming weeks, Federal Realty Investment Trust (NYSE: FRT) is launching The Pick-Up, a… Read more
Builders on Maryland’s $2B Light Rail Project Plan to Quit
Purple Line Transit Constructors (PLTC), the group building Maryland’s $2-billion Purple Line light rail project through Prince George’s County, said… Read more