Real estate transactions continue to be strong in the Mid-Atlantic region. The region’s economy continues to show signs of strong growth, to the point that the growth is causing looming infrastructure challenges. Only one of the articles in this edition even has a whiff of negative news and once that article is read in full it is evident that the articles negative attributes may actually be caused by the strong economy.
Heidenberg Properties Group & SERP Acquires the Potomac Marketplace for $35.9M
Source: Mid-Atlantic Real Estate Journal
Ranson, WV — A joint venture partnership between Heidenberg Properties Group and Strategic Real Estate Partners (SREP) announces the $35.9 million acquisition of The Potomac Marketplace in Ranson. Read More
Acquisitions of Tech Start-ups Have Fallen Dramatically this Year
Source: The Washington Post
It used to be that you could start a tech company, grow its value, then sell it for millions, even billions. Not so much nowadays. Read More
Hyatt Place Washington DC / US Capitol Hotel Sold to Excel Group
Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel, which opened in June 2014. Read More
Economic Development in the DMV
Booming Tysons, Looming Problems: Office Vacancies, Traffic Headaches and More
WASHINGTON — Tysons Corner is home to massive development over the last few years and is the largest business district in Fairfax County, Virginia — yet with expansion comes a vacancy problem, with businesses moving out of older properties in favor of more desirable real estate within Tysons Corner. Read More
Verizon Center Changing Name to Capital One Arena
WASHINGTON — Verizon Center will be no more. Monumental Sports and Entertainment announced the Verizon Center will now be known as Capital One Arena. Read More
Capital One Unveils Plans for Wisconsin and M – and Chinatown
Capital One Financial Corp. will open two Capital One Cafe locations in D.C., bringing the combination bank, eatery and co-working concept to the company’s home market for the first time. Read More
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