Washington DC Area Commercial Real Estate News

Baltimore tourism chief pushes for funds to turn around city's image

by Melody Simmons
Thu, 17 Jan 2019 16:59:49 +0000

Baltimore's tourism chief rallied city officials on Thursday for funding that he says would help the city move past its image issues. "We are still trying to overcome what happened in 2015," Al Hutchinson, CEO of Visit Baltimore, said referring to unrest in Baltimore following the death of Freddie Gray in police custody. Hutchinson addressed the Baltimore Development Corp. board at its monthly meeting to push for the creation of a tourism improvement district that would raise funds to rebrand and…

http://feeds.bizjournals.com/~r/industry_20/~3/IuK18qOYm2c/baltimore-tourism-chief-pushes-for-funds-to-turn.html

Hines sells 55 M St. SE, the home of DDOT

by Michael Neibauer
Thu, 17 Jan 2019 16:55:41 +0000

The soon-to-be former home of the D.C. Department of Transportation is under new ownership. An affiliate of Hines Interests LP has sold 55 M St. SE to San Francisco's Spear Street Capital LLC for $135.3 million, according to a deed recorded Thursday. The 267,399-square-foot building by M and Half streets SE, which debuted in 2009 when Capitol Riverfront was still in the early stages of emerging as a prime commercial district, was co-developed by Monument Realty and MacFarlane Partners. Representatives…

http://feeds.bizjournals.com/~r/industry_20/~3/CUpAeVkJCZg/hines-sell-55-m-st-se-the-home-of-ddot.html

Michaels leases space at Moorestown Mall

by Natalie Kostelni
Thu, 17 Jan 2019 16:45:22 +0000

Michaels, a retailer that sells crafts and seasonal merchandise, has signed a lease at the Moorestown Mall that will finish backfilling space left vacant by Macy’s.  The retailer will occupy 25,000 square feet and is scheduled to open late this year, according to Pennsylvania Real Estate Investment Trust, which owns the mall. The other retailers that have signed onto the former Macy’s space include HomeSense, Five Below and Sierra Trading Post.  Macy’s had been an anchor department store…

http://feeds.bizjournals.com/~r/industry_20/~3/_dIGpSuEonw/michaels-leases-space-at-moorestown-mall.html

Out of space: E-commerce continues to drive these big Central Florida projects

by Jack Witthaus
Thu, 17 Jan 2019 16:25:00 +0000

More big e-commerce users are coming to Central Florida — if they can find room.

http://feeds.bizjournals.com/~r/industry_20/~3/ZvrsyIu-KWM/out-of-space-e-commerce-continues-to-drive-these.html

Dayton-area construction company names new CFO

by Cecilia Salomone
Thu, 17 Jan 2019 16:22:21 +0000

One of the largest construction companies in the Dayton region has named a new chief financial officer. Chris Shafer has been named the new CFO of Moraine-based Shook Construction Co. Shafer began working at Shook in 2014 as a controller and most recently served as director of finance. "With 20 years of accounting experience, Chris assumes a strategic role in the overall management and future growth of the company," a new release said. Shafer also will oversee human resources, risk management…

http://feeds.bizjournals.com/~r/industry_20/~3/EPtCHfo6IFw/dayton-area-construction-company-names-new.html

Whole Foods turning planned 365 locations into regular stores

by Will Anderson
Thu, 17 Jan 2019 16:19:21 +0000

After shelving its 365 store concept, Whole Foods Market is converting some of the locations it had in the pipeline into full-fledged Whole Foods stores. The Austin, Texas-based grocery chain still intends to lease spaces for previously announced 365 stores in its home city and Tempe, Arizona, among other locations. It's unclear how many of the 365 stores Whole Foods plans to turn into regular locations. Austin Business Journal has reached out to Whole Foods for comment. There's no word on whether…

http://feeds.bizjournals.com/~r/industry_20/~3/lAInKDiHXtU/whole-foods-turning-planned-365-locations-into.html

Entering the Opportunity Zone: Investors see lucrative tax breaks. What's next?

by Michael DeMasi
Thu, 17 Jan 2019 16:19:05 +0000

A federal program created to spur investment in low-income areas is starting to get attention from investors in New York state.

http://feeds.bizjournals.com/~r/industry_20/~3/dVEiyJ2rfkM/opportunity-zone-investors-see-lucrative-tax-break.html

Attorney Steve Herbert shares how to avoid 'messy legal situations'

by Hannah Poturalski
Thu, 17 Jan 2019 16:19:00 +0000

The president and CEO of Coolidge Wall Co. LPA, Steve Herbert, says the downtown Dayton law firm has grown rapidly, but still marks challenges in recruiting workers to Dayton.

http://feeds.bizjournals.com/~r/industry_20/~3/GH7XT55R5Z4/attorney-steve-herbert-says-bring-legal-advisor.html

Tri Borough Management
1509 Dodona Terrace
Unit 205
Leesburg, VA 20175
 
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