Mid-Atlantic
Amazon Pays $35Mln for Maryland Industrial Building
Baltimore Business Journal Amazon.com Inc. has paid $35 million, or about $126.81/sf, for the 276,000-square-foot industrial building at 1000 Prince Georges Blvd. in Upper Marlboro, Md. The property previously had been a warehouse for DPI Specialty Foods, which closed the...
Developer Proposes Mixed-Use Project in Upper Marlboro, Md.
Bisnow Green Century Partners LLC has proposed developing a mixed-use project at the intersection of U.S. Highway 301 and State Route 725 in Upper Marlboro, Md. The Prince George's County Planning Board is scheduled to consider the development on Thursday....
Owner of Bethesda, Md., Mall to Add Apartment Units, Hotel
Washington Business Journal The Montgomery County, Md., Planning Board has approved Unibail-Rodamco-Westfield's plans to bring apartment units and a hotel to the site of the 1.3 million-square-foot Westfield Montgomery Mall in Bethesda, Md. Plans call for 717 apartment units, a...
Apartment Property, Hotel to Open in Washington, D.C.
Washington Business Journal A venture of CityPartners, Potomac Investment Properties and Paramount Development is nearing completion of a 194-unit apartment building and 252-unit hotel in Washington, D.C. The properties, which are next to each other and about three blocks from...
Venture Secures $103.5Mln of Construction Financing for South Jersey Industrial Project
Commercial Observer A venture of Advance Realty Investors and Greek Development has secured $103.5 million of construction financing for two buildings in the Logan North Industrial Park in Logan Township, N.J. Wells Fargo Bank provided a $69 million loan for...
Developer Converting Pittsburgh Warehouse to Office, R&D Building
Pittsburgh Business Times Spear Street Capital plans on converting a 320,000-square-foot warehouse in Pittsburgh into a 260,000-sf building with office and research and development space. The city's Planning Commission recently approved the developer's plan for the building, at 27 51st...
Capital One Provides $92Mln Freddie Loan Against Delaware Apartment Portfolio
Commercial Observer Capital One has originated $92 million of Freddie Mac financing against a portfolio of four apartment properties with 822 units in Delaware. Meridian Capital Group arranged the debt, which consists of three loans that each have 10-year terms...
Developer Converting Philadelphia Retail Property to Apartments
Philadelphia Business Journal Philly Office Retail is planning on converting the 26,665-square-foot Max Levy retail building in Philadelphia into a 32-unit apartment property. Monthly rents for units will range from $830 to $1,560. The three-story building, at 212-220 Roberts Ave.,...
Developer Breaks Ground on 73-Unit Residential Condo Project in Alexandria, Va.
Washington Business Journal Carr Cos. has broken ground on a 73-unit residential condominium project at 1201 North Royal St. in Alexandria, Va. The property, which is scheduled to open late next year, will have two buildings connected by an enclosed...
Corporate Housing Provider Leases 104 Units at Washington, D.C., Development
Washington Business Journal Churchill Living has signed a lease for 104 of the 500 residential units planned for the NoMa CNTR mixed-use project in Washington, D.C. The corporate housing provider is leasing the units for 10 years. A venture led...
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