Virginia
Greensboro Shopping Center Trades for $15M
Virginia-based real estate investment trust Medalist Diversified REIT has acquired Ashley Plaza, a 160,356-square-foot regional shopping center in Greensboro for… Read more
Hamilton Zanze Acquires 248-Unit Metro D.C. Apartment Community
National real estate investment firm Hamilton Zanze has acquired Abbotts Run apartments in Alexandria, VA. The sales price was undisclosed.… Read more
MBRE Healthcare Snags 147K-SF Charlotte Office Building
Chicago-based MBRE Healthcare has acquired One South Park Center, a 147,141-square-foot office building in Charlotte’s SouthPark submarket. The sales price… Read more
WNC Closes $210M for Development, Renovation of 1,900 Affordable Housing Units
Irvine, CA-based WNC closed two institutional low-income housing tax credit (LIHTC) funds, WNC Institutional Tax Credit Fund 47, L.P. and… Read more
ACR Acquires 199K-SF Shopping Center in Virginia
American Commercial Realty Corp. has acquired Chesapeake Commons, a 198,741-square-foot shopping center in Chesapeake, VA. The sales price and seller… Read more
Aimbridge Hospitality Announces Merger with Interstate Hotels
Aimbridge Hospitality, headquartered in Plano, TX, entered into a definitive agreement to merge with Interstate Hotels & Resorts of Arlington,… Read more
JV Snags Northern Virginia Office Property for $93M
Privately owned global real estate investment firm Hines and Oaktree Capital Management have acquired Two Liberty Center, a 178,700-square-foot office… Read more
Sears Hometown Sells Outlet Business for $133M
Sears Hometown and Outlet Stores, which spun off from Sears Holdings prior to the parent company’s bankruptcy, is selling its… Read more
Amenities That Are No Longer — Amenities
Plenty has been written about the so-called “amenity wars.” Apartment developers and owners are doing what they can to offer… Read more
No Relief in Sight for Higher Rents
“The Rent is Too Damn High — and It’s Going to Stay That Way,” reads a title in Reason Magazine’s… Read more
Washington REIT Snags Apartment Community in Alexandria for $70M
Washington REIT has acquired Cascade at Landmark Apartments, a 277-unit multifamily community in Alexandria, VA. The sales price was reported… Read more
IDA Breaks Ground on 370K-SF HQ Building in Alexandria
The Institute for Defense Analyses, a nonprofit corporation running three federally-funded research and development centers, has officially broken ground on… Read more
Sale of Detroit Hotel Comes in Near Market’s Historic Highs
In one of the highest recorded transactions per key in Detroit history, GFI Hospitality has sold the 198-key Hilton Garden… Read more
Minkoff Acquires Five-Building Metro D.C. Office Portfolio for $43M
Maryland-based developer Minkoff Development acquired a five-building office portfolio inside the Avion Business Park in Chantilly, VA for $43 million.… Read more
Berkadia Secures $93M Financing for MF Property in Metro D.C.
Berkadia secured a $92.7-million loan to refinance Woodbridge Station, a garden-style multifamily community in Woodbridge, VA. Woodbridge is approximately 22… Read more
Bellwether Provides $10M Financing for Affordable Housing Community in Virginia
Bellwether Enterprise Real Estate Capital provided $10.1 million in financing for the acquisition and renovation of Willow View Townhomes, an… Read more
First Washington Realty Claims Metro D.C. Retail Portfolio for $485M
Real estate investment firm First Washington Realty acquired a five-property retail portfolio in the Washington, DC metro area for $485… Read more
Amazon Signs 270K-SF Office Lease in D.C. Metro
Griffin Capital Essential Asset REIT has secured a 270,000-square-foot, full-building office lease in Herndon, VA. The tenant was reported by… Read more
Avison Young Hires Meltzer, Katz and Martin as Principals in D.C.
Avison Young’s Washington D.C. office has announced the hiring of Glenn Meltzer, Robert Katz and Eugene Martin. The trio will… Read more