State: Virginia - VA
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 ...
842-Unit Apartment Property Planned for Alexandria, Va.
Washington Business Journal Asland Capital Partners has filed plans to build an 842-unit apartment complex at 431 South Columbus St. in Alexandria, Va. The New York real estate investment firm is looking to demolish an existing 244-unit complex that sits ...
Hotel Occupancy in Virginia Beach, Va., Area Tops 60 Percent
The Norfolk/Virginia Beach, Va., hotel market recorded a 61.4 percent occupancy rate for the week ending June 27, according to STR, a Hendersonville, Tenn., industry analytics company. That's up from 54 percent a week earlier and is the second consecutive ...
Walmart Labs Inks Deal to Fully Lease Herndon, Va., Office Building
Washington Business Journal Walmart Labs, the technology arm of Walmart Inc., has signed a lease to fully occupy the 162,300-square-foot office building at 2245 Monroe St. in Herndon, Va. Barings Real Estate owns the building, which has been renovated in ...
Trammell Crow-Led Venture Plans Seniors-Housing, Office Complex in Alexandria, Va.
Washington Business Journal A venture of Trammell Crow Co. and JM Zell Partners is planning to construct a seniors-housing and office complex at 765 Carlyle St. in Alexandria, Va. Plans call for a 20-story seniors-housing building with 390,000 square feet, ...
Sale of Military Circle Mall Generates 110 Percent Loss to $52.3Mln Loan
Commercial Real Estate Direct Staff Report Last month's sale of the Military Circle Mall in Norfolk, Va., for $11.3 million resulted in a loss of $57.4 million to the CMBS trust that had held a $52.3 million loan against it. ...
880 North Military Highway
Military Circle Mall. The property was the last remaining asset of GMAC Commercial Mortgage Securities Inc., 2004-C2. As of last September, occupancy was 72 percent and net operating income in 2018 was $1.8 million. That's compared with $7.3 million in 2004.
Last Asset in 2004 CMBS Deal Gets Sold for 21.6 Percent of Par
Commercial Real Estate Direct Staff Report The $52.3 million CMBS loan against the Military Circle Mall, an 858,174-square-foot shopping mall in Norfolk, Va., has been resolved through the sale of the collateral property for $11.3 million to the Norfolk Economic ...
Ravensworth Towers
4327 Ravensworth Road The venture lined up a $45.5 million Freddie Mac loan through Berkadia for its purchase. The property previously was encumbered by $19.7 million of Freddie debt that was securitized through FREMF, 2011-KAIV. The loan paid a 5.48 ...
8283 Greensboro Drive
John Marshall II office building is fully leased to Booz Allen Hamilton Inc. through January 2026.
8111 Gatehouse Road
The building, which opened in 1973, is 92 percent leased to tenants that include Inova Medical Group, the General Services Administration and the United States Postal Service.
1951 Kidwell Drive
The 1951 Kidwell buiulding is 75 percent leased.
1953 Gallows Road
The 1953 Gallows building is 55 percent leased.
2941 Fairview Park Drive
The building, less than a mile from Interstate 495 and state routes 50 and 29, is 94 percent occupied by tenants that have an average of more than eight years remaining on their leases. Those tenants include Deloitte & Touche ...
4114 Legato Road
One Fair Oaks office building
3920 Pender Drive
fully leased to the U.S. Department of State.
3920 Pender Drive
The building, constructed in 1981, is fully leased to the U.S. Department of State. It sits on a six-acre parcel off Interstate 66, 20 miles west of Washington, D.C.
4747 and 4949 Commerce Drive
4747 and 4949 Commerce Drive are fully leased.
Fairfax, Va., Office Building Sells for $58Mln
Washington Business Journal Tritower Financial Group has paid $58 million, or $266/sf, for the 218,000-square-foot One Fair Oaks office building in Fairfax, Va. The Boston investment manager bought the property, at 4114 Legato Road, from Beacon Capital Partners of Boston, ...
Fairfax, Va., Office Building Sells for $22.2Mln
Office Properties Income Trust has sold the 83,130-square-foot office building at 3920 Pender Drive in Fairfax, Va., for $22.2 million, or $267/sf. The buyer was not disclosed. Office Properties, a Newton, Mass., REIT, had acquired the property in 2014 for ...
Richmond, Va., Logistics Park Sells for $78.5Mln
The Halle Cos. has paid $78.5 million, or $85/sf, for a two-building logistics park with 923,400 square feet in Richmond, Va. The Silver Spring, Md., company bought the industrial property from Panattoni Development Co. of Irvine, Calif., which had developed ...
20130 and 20135 Lakeview Center Plaza
Lakeview East and West office buildings is 96 percent leased.
14200-14520 Smoketown Road
Prince William Square shopping center is 89 percent leased. ALTO acquired Prince William Square through its ALTO Fund III vehicle, which raised $130 million of equity commitments last year and has acquired nine shopping centers with about 1.8 million sf ...
399 and 499 Grove St.
New Dominion Technology Park
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Commercial Real Estate Direct is the only source — in print or otherwise — that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
