Posted on 3/3/21
CBRE Group: Diversification Is Key To Its Success
Summary CBRE has navigated through FY12/2020 by generating record-high free cash flow and maintained flat revenues YoY.The company's diversification over property types, lines of business, and . . .
Posted on 3/3/21
Freddie Mac Prices $934 Million Multifamily K-Deal, K-F101
MCLEAN, Va., March 03, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of . . .
Posted on 3/4/21
Heather Grant Of Edge Earns Certified Property Manager Designation From The Institute Of Real Estate Management
Heather Grant, Senior Property Manager for Edge, has earned her Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM), an international group . . .
Posted on 3/3/21
Hotel Revival Revives First-Floor Restaurant Space with New Cafe -- 'Dashery
After what has been almost a year of turbulence for the hospitality industry, the award-winning Hotel Revival, a Joie de Vivre hotel located in the heart of . . .
Posted on 3/3/21
Skanska Promotes Darick Edmond to Senior Vice President
Skanska USA, one of the world’s leading construction and development firms, is pleased to announce that Darick Edmond has been promoted to senior vice president of . . .
Posted on 3/3/21
Mack-Cali Names Mahbod Nia Chief Executive Officer
Mack-Cali Realty Corporation (NYSE: CLI), a leading owner, manager, and developer of class A office and luxury multifamily real estate throughout New Jersey, today announced that . . .
Posted on 3/3/21
Harbor Group International Acquires Portfolio of Southeast Multifamily Communities
Harbor Group International, LLC, a privately-owned international real estate investment and management firm, today announced the acquisition of a portfolio of eight multifamily communities in the . . .
Posted on 3/3/21
Fannie Mae Appoints Two New Members to Board of Directors
Fannie Mae (OTCQB: FNMA) has appointed Simon Johnson and Christopher J. Brummer to its Board of Directors. Their vast expertise will complement Fannie Mae's Board of . . .
Posted on 3/3/21
Apple Hospitality REIT Extends Credit Facility Waiver Period and Enhances Financial Flexibility
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has successfully amended its unsecured debt agreements to extend . . .
Posted on 3/3/21
Apple Hospitality REIT Appoints Howard Woolley to its Board of Directors
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) announced the appointment of Howard Woolley to its Board of Directors, effective March 1, 2021. Mr. Woolley will . . .
Posted on 3/3/21
Maryland to Open Three More Mass Vaccination Sites in March
Maryland will open three additional mass vaccination sites this month and more could be on the way, Gov. Larry Hogan announced on Tuesday.Hogan also announced that . . .
Posted on 3/3/21
Perennial…Coming Soon To The Heart Of Towson
This May, Towson will welcome Perennial, a new restaurant under the watchful eye and culinary expertise of Chef Jay Rohlfing and designed by Patrick Sutton of . . .
Posted on 3/3/21
St. John Properties Founder and Chairman Edward St. John Named To The Daily Record’s Inaugural Power 100 Ranking
Honorees were chosen for their impact in shaping our businesses, governments, nonprofits, law firms, and other critical institutions across Maryland Edward St. John, Founder and Chairman . . .
Posted on 3/4/21
Anne Arundel Seeks State Authority for Transfer Tax Surcharge To Fund Housing
Anne Arundel County Executive Steuart Pittman’s request for authorization from the General Assembly to impose a transfer tax surcharge drew opposition this week from NAIOP Maryland . . .
Posted on 3/2/21
Lee & Associates Of Eastern Pennsylvania Brokers 300,700 SF Full-Building Lease To DNA Motoring In Florence Township, NJ
Distributor of products serving the automotive and trucking industries relocating out of Dayton, NJ site to abuilding in Florence Township, developed by Black Creek GroupLee & . . .
Posted on 3/2/21
One Of The Largest Urban Redevelopment Projects Financed
JLL Capital Markets secured the $189M construction loan for the Port Covington mixed-use development in BaltimoreJLL Capital Markets announced today that it has arranged a $189 . . .
Posted on 3/3/21
Lee & Associates Maryland Selects Michael Gosnell As Associate
Lee & Associates Maryland, a fully-integrated commercial real estate brokerage and management firm, has announced the hiring of Michael Gosnell as Associate. For the past three . . .
Posted on 3/2/21
Vision, Incentives and Major Construction Move Aviation Station Forward
On the site of a massive, abandoned aircraft manufacturing plant, developer Jonathan Ehrenfeld’s passion project appears to be generating opportunities and challenges in nearly equal magnitude.The . . .
Posted on 3/2/21
Chesapeake Contracting Group Breaks Ground on New Aston Martin/Bentley Dealership
Chesapeake Contracting Group announces the ground breaking for a NEW Aston Martin/Bentley of Loudoun dealership, located at 45180 Russell Branch Parkway in Ashburn, VA. The ground-up . . .
Posted on 3/2/21
Duke Realty’s TransDulles Centre Gains New Tenant, Fully Leases 13-Building Industrial Park
The Washington DC office of Duke Realty Corporation (NYSE: DRE), the nation’s leading domestic-focused, industrial-only property REIT, announces that it recently signed a 27,044-square-foot lease within . . .
Posted on 3/3/21
Samson Properties And Smart Care Sign Leases Totaling 29,000 SF Of Space With St. John Properties, Inc. At Greenleigh
Virginia-based residential brokerage firm leases 10,000 square feet of space and medical benefits company expands into 19,000 square feet in 1,000-acre mixed-use community Residential brokerage firm . . .
Posted on 3/2/21
Petersburg Apartments Sell for $2.9M
Landmark Apartments, a 53-unit affordable housing property in Petersburg, has been purchased by Mercer Street Partners for $2.867 million.Landmark, located at 450 Van Buren Drive, was . . .
Posted on 3/2/21
Richmond Office Building Sells for $29.5M
An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday.The 140,573-square-foot Edgeworth Building is located . . .
Posted on 3/2/21
Boston Properties Appoint Peter Otteni and Jake Stroman as Co-Heads
BOSTON--(BUSINESS WIRE)--Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, today announced that Peter . . .
Posted on 3/2/21
Hotel Industry Foundation Announces $5 Million Commitment To Diversity, Equity & Inclusion
The American Hotel & Lodging Foundation (AHLA Foundation) today announced a new $5 million, multi-year commitment and action plan to advance diversity, equity, and inclusion (DE&I) . . .
