McLean
Target Will Backfill Former Sears at Macerich’s Danbury Fair
Macerich is bringing a new Target store to Danbury Fair, in Connecticut’s Fairfield County. The 126,000-square-foot, two-level Target store will… Read more
Federal Realty Springs $200M for Kingstowne Towne Center in NoVa
Bethesda, MD-based Federal Realty Investment Trust is acquiring Kingstowne Towne Center in Kingstowne, VA for $200 million. The property is… Read more
$500M Senior Living Development Starts Vertical Construction in McLean
Senior living provider Mather has begun construction at The Mather, a continuum-of-care development in the Tysons neighborhood of McLean, VA.… Read more
Colliers Names Chaise Smith to SVP Role in Tysons Corner
Colliers has appointed Chaise Schmidt as SVP in the firm’s Tysons Corner, VA office. In her role, Schmidt will focus… Read more
Capital One Provides $30M Fannie Mae Loan to Refi Annapolis Affordable Community
McLean, VA-based Capital One has provided a $29.5-million Fannie Mae fixed-rate loan to refinance Bay Ridge Gardens, a 198-unit affordable… Read more
Ares Management Pays $3.8B to Acquire McLean-HQed Capital Automotive
McLean, VA-based Capital Automotive, LLC, (CARS) has been acquired for $3.8 billion by funds managed by Ares Management Corporation’s Alternative… Read more
CIM Group Provides $148M Refi for 461K-SF Office Campus in Tysons Corner
A CIM Group-managed fund has closed a $148 million loan to a joint venture between Westbrook Partners and American Real… Read more
Federal Realty Scores Fairfax Grocery-Anchored Center in Off-Market Deal
Federal Realty Investment Trust said Monday it had acquired a 100% interest in Twinbrooke Shopping Centre, a 110,000-square-foot grocery anchored neighborhood shopping center in Fairfax, VA. The REIT sourced… Read more
Indoor Squash Facility to Open in Columbia
Squash entrepreneur Jay Naseem has announced plans to open a new six-court indoor facility at 9315 Snowden River Parkway in… Read more
KLNB Brokers $32M Sale of Shopping Center in Virginia
KLNB has brokered the $32.1 million sale of Chesterbrook Shopping Center, an 89,625-square-foot shopping center in McLean, VA. Located at… Read more
Walker Webcast: Booz Allen CEO Horacio Rozanski on Staying a Step Ahead
About two-thirds of Booz Allen Hamilton’s 27,000-member workforce has federal security clearance. The century-old management and information technology consulting firm… Read more
Single-Tenant Distribution Facility Trades Above List
Stan Johnson Company (SJC) finalized the sale of a 180,000-square-foot distribution center fully leased to American Plastics at 2040 Production… Read more
Hilton’s Nassetta Expects “Dramatic Impact” from Pandemic on Q2 Results
Hilton Worldwide Holdings’ RevPAR decreased 22.6% in the first quarter and 57% for the month of March, while net income… Read more
Hotels Up Their Game on Cleaning Protocols
By Paul Bubny Arguably the hardest-hit commercial property sector in terms of economic fallout from the COVID-19 pandemic—only brick-and-mortar retail… Read more
Hilton, American Express Donate 1M Room Nights to Healthcare Workers
Hilton and American Express have partnered with Hilton’s ownership community to donate up to one million hotel room nights across… Read more
Gladstone Commercial Acquires 211K-SF Industrial in Sale-Leaseback Deal
Gladstone Commercial Corp. struck a deal with Texas Hydraulics to acquire a two-building, 211,000-square-foot industrial asset in Temple, TX. Texas… Read more
Booz Allen Hamilton to Expand S.A. Workforce by 250
Booz Allen Hamilton Holding Corp. unveiled plans to expand its San Antonio employee base by hiring 250 additional workers over… Read more
PenFed Targets Site Location in Far North San Antonio
Less than two months after Pentagon Federal Credit Union (PenFed) announced it would open a new regional financial center in… Read more
CBRE Heads Freddie Mac’s Top 2018 Multifamily Lenders
Freddie Mac Multifamily leads the industry with $78 billion in total production last year, financing roughly 860,000 rental units, and… Read more