News

February 6, 2018

Barings Sells Hotel Package to Chinese Investors for $650 Million

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…

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February 6, 2018

Barings Sells Hotel Package to Chinese Investors for $650 Million

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…

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February 5, 2018

360-Unit The Sur Now Underway in Arlington

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, …

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February 5, 2018

Bascom-Spirit JV Closes on MD Apartments

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…

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February 4, 2018

The Tenant Agency, Montview TSC Realty Advisors Announce Merger

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…

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February 2, 2018

Cushman & Wakefield, Commercial Real Estate Lose Industry Leader

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….

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February 1, 2018

Sky Zone Leases 43,334 SF in Sterling

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 …

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February 1, 2018

Leidos Fully Leases Proposed 18-Story Office Tower in Reston for HQ

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…

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January 31, 2018

Dubai’s Safanad Scoops Up 910-Bed Student Housing Complex Near UMD Campus

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…

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January 31, 2018

Dubai’s Safanad Scoops Up 910-Bed Student Housing Complex Near UMD Campus

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…

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