Virginia
$95.5M Financing Arranged for Alexandria, VA MF
A joint venture involving Lincoln Property Company secured $95.5 million in acquisition financing for Meridian at Carlyle, a 16-story, 403-unit… Read more
Harbor Group Claims Orlando MF for $64M, Berkadia Arranges $42M Loan
Berkadia arranged $41.92 million in acquisition financing for Alexan Crossroads, a 314-unit, Class A-plus garden style community located in Orlando,… Read more
North Carolina Investor Nabs First DC-Area Asset
Grubb Properties acquired Argon Plaza, a nearly 275,000-square-foot office building in Fairfax, VA, from C-III Asset Management for $38.8 million.… Read more
Software Developer Selects Tysons’s Valo Park for HQ
Appian selected Valo Park at 7950 Jones Branch Dr. in Tysons, VA as the new location for its 200,000-square-foot headquarters. The global innovator in enterprise… Read more
Gramercy Completes $537M Portfolio Transaction
New York-based Gramercy Property Trust completed the acquisition of four of the assets identified in the initial portfolio transaction for… Read more
Wood Partners Divests NC MF for $42M
Altera North Pointe, a 320-unit, garden-style apartment community in Durham, NC, traded hands for $42.1 million. HFF advised the seller,… Read more
WPC Breaks Ground on Stone Ridge Medical Center in Dulles, VA
Washington Property Company (WPC) commenced construction on the $21-million Stone Ridge Medical Center, a new 67,000 square foot state-of-the-art medical… Read more
Silicon Valley Sees Second Highest Year-Over-Year Data Center Inventory Growth
Silicon Valley, historically constrained by limited wholesale data center inventory, saw that scarcity begin to alleviate with the delivery of… Read more
U.S. Customs and Border Protection Taking 445K SF in Ashburn, VA
American Real Estate Partners (AREP) and Loudoun County finalized a 445,000-square-foot lease agreement with the GSA to bring the headquarters… Read more
Blackstone Buying 41-Property Portfolio from FRP for $359M
An affiliate of Blackstone Real Estate Partners VIII, L.P. is acquiring 41 industrial warehouses and two adjacent lots from Jacksonville-based… Read more
ASB Sells Three Remaining Data Centers to IPI Partners
Bethesda, MD-based ASB Real Estate Investments (ASB) completed the all-cash sale of its three remaining data centers and their operations… Read more
520-Unit MXU Community Launched in Virginia
Perseus TDC, an affiliate of Transwestern Development Co., and its partner Four Points LLC commenced construction on the conversion of… Read more
Hersha Trades Financial District Hotel to First-Time NYC Buyer
Hersha Hospitality Trust has sold the 81-key Hampton Inn Financial District for $32.4 million. The Philadelphia-based hotel REIT didn’t identify the… Read more
JLL Explains What’s Driving Investor Appetite for Grocery-Anchored Retail
By Dennis Kaiser Grocery expansions slowed in 2017, as brands took a step back to examine existing footprints and reevaluate… Read more
Coveted 1.1M-SF Northern VA Last Mile Zone Portfolio Hits Market
MRP Realty and institutional investors, advised by J.P. Morgan Asset Management, are divesting a portfolio of 19 urban industrial buildings… Read more
Toys ‘R’ Us Reportedly Preparing for Liquidation
Toys ‘R’ Us is reportedly prepping to close all of its U.S. stores. The liquidation rumors began circulating as attempts… Read more
Apple and Facebook’s Big Data Centers Change Cowtown Culture
According to a 2017 CBRE report, the most active areas for data center construction in the U.S. were Chicago, Detroit,… Read more
$94M Cancer Center Planned in Norfolk
Sentara Healthcare plans to commence a multi-year, $93.5-million construction project to build a cancer center on the campus of Sentara Leigh Hospital… Read more
Venture Commercial Spearheads Northern Tool Expansion
Dallas-based Venture Capital Real Estate completed several leases and land transactions on behalf of Northern Tool + Equipment. Specifically, the… Read more