February 6, 2018
Westin Hotel, 400 Courthouse Square, Alexandria, VA Barings, a Charlotte-based asset management firm, has sold seven U.S. hotels to Hong Kong-based Junson Capital for $650 million ($318,471/room). Junson Capital is retaining Barings, which acted on…
Read MoreFebruary 5, 2018
A pair of loans provided by PCCP, LLC and U.S. Bank have paved the way for local multifamily owner, developer and builder Erkiletian Development Co. to start development on a new 360-unit luxury apartment complex in the Potomac Yard area of Arlington, …
Read MoreFebruary 5, 2018
The Bascom Group and Spirit Investment Partners have closed on a collection of 198 luxury apartment units in suburban Maryland that are part of a converted condo development. Irvine, CA-based Bascom and its Stamford, CT-based partner Spirit paid $41…
Read MoreFebruary 4, 2018
The Tenant Agency and Montview TSC Realty Advisors have signed a definitive agreement to merge and create a tenant representation firm that will service Washington, D.C. and the surrounding area. The new company will operate under The Tenant Agency…
Read MoreFebruary 2, 2018
The commercial real estate industry is reacting with shock to the sudden passing of Joe Stettinius, a major force behind the mergers that created the latest iteration of Cushman & Wakefield. A stalwart of commercial real estate in the Washington, D….
Read MoreFebruary 1, 2018
Sky Zone, an indoor family entertainment center, signed a lease for 43,334 square feet at the Cascades Marketplace at 20950-21070 Southbank St. in Sterling, VA. The three-property retail center totals 1,296,780 square feet. Sky Zone will move into …
Read MoreFebruary 1, 2018
Leidos Holdings (NYSE: LDOS) has reached a deal to fully occupy a proposed 18-story, 287,000-square-foot office tower in Reston, VA for its corporate headquarters. The American defense company and leading government contractor will relocate its corp…
Read MoreJanuary 31, 2018
Dubai’s Safanad Limited has closed on a suburban Maryland student housing complex that fell into foreclosure during the recession. Safanad paid LNR Partners, the Miami Beach-based special servicer, $69.5 million, or $285,000 per unit, for the 244-un…
Read MoreJanuary 31, 2018
Dubai’s Safanad Limited has closed on a suburban Maryland student housing complex that fell into foreclosure during the recession. Safanad paid LNR Partners, the Miami Beach-based special servicer, $69.5 million, or $285,000 per unit, for the 244-un…
Read MoreJanuary 31, 2018
Invesco Real Estate, the global real estate team at Invesco Ltd. (NYSE: IVZ), has participated in $252 million of total financings, originating and closing five loans as part of its $1.6 billion origination goal for 2018. The originations include: A…
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