Virginia
Joe’s Crab Shack Locations Suddenly Shuttering
Days after the announced acquisition by Houston-based Landry’s Inc. of Ignite Restaurant Group Inc.’s assets, Joe’s Crab Shack restaurants are… Read more
Rockefeller Joins Meridian on $250M D.C.-Area Office Development
New York-based Rockefeller Group joined The Meridian Group to co-develop the $250-million Boro Tower, a 20-story, 437,000-square-foot trophy office building… Read more
PCCP, Panattoni JV Plan 1.13M-SF in Spec Developments
PCCP, LLC formed two joint ventures with Panattoni Development Company, Inc. for speculative industrial developments in Buford, GA and Richmond,… Read more
Baywood Hotels Will Open 100th Hotel . . . in San Antonio
Baywood Hotels, a Maryland-based hotel development and investment firm, will be opening the Hilton Garden Inn Downtown Riverwalk at 408… Read more
NY Investor Bolsters N VA Portfolio with $115M Buy
Chatsworth Park, a 576-unit apartment community in Manassas, VA, was acquired by Panco Strategic Real Estate Fund III, an affiliate… Read more
USDA Takes 131K-SF at WashREIT’s Braddock Metro Center
Washington Real Estate Investment Trust signed a 131,000-square-foot lease at Braddock Metro Center with the GSA that will bring roughly… Read more
Equus Portfolio in VA Goes for $100M to Value-Add Investor
Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.… Read more
La Mesa Institutional-Quality, Value-Add MOB Sold
Save the date for Connect Healthcare on November 8 – a national event at the Andaz Scottsdale Resort & Spa.… Read more
State Department Remains in Rosslyn in $200M, 343K-SF Deal
The State Department is staying in Rosslyn, VA after the General Services Administration signed a 343,000-square-foot lease valued at $200.6… Read more
CMBS Disposition Volume Surges
CMBS disposition volume surged to $1.4 billion in June, according to Trepp, following a 12-month low in May. Deal activity… Read more
Aimco Acquires Trio of Assets for $452M
Denver-based Apartment Investment and Management Company (Aimco) acquired a 47% interest in the Palazzo joint venture owned by institutional investors… Read more
Virginia Investor Pays $52M to Enter Market
Lingerfelt CommonWealth Partners LLC (LCP), a Richmond, VA-based commercial real estate investment firm, acquired the Class A, 1700 West Loop… Read more
Orlando-Area Sheraton Trades for $31M
The Sheraton Orlando North Hotel, a 389-room, full-service hotel in the Orlando-area community of Maitland, FL, was acquired by Cambridge… Read more
525-Unit Multifamily Conversion Planned in Alexandria
Washington, D.C.-based Perseus Realty plans to convert a former 610,000-square-foot office building into a 525-unit residential building in Alexandria, VA’s… Read more
Pair of Student Housing Properties Sold for More Than $146M
Two West Coast student housing properties traded hands for a combined total of more than $146 million. The assets included… Read more
Monday Properties Shifts to Buyer in Alexandria Portfolio Deal
New York-based Monday Properties acquired Beauregard Office Park, a five-property 300,000-square-foot office portfolio in Alexandria, VA from special servicing for… Read more
Mortgage Rates Inch Up After Extended Decline
McLean, VA-based Freddie Mac reported average mortgage rates are increasing across the board for the first time in over a… Read more
West Coast Ports Experience Import Slowdown
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. Import growth at the dominant West… Read more
Regency, Toll Brothers Plan Chantilly MXU
Jacksonville, FL-based Regency Centers and Horsham, PA-based Toll Brothers are teaming up on a 36.6-acre mixed-use development at Commonwealth Centre… Read more