Washington DC Area Commercial Real Estate News

Outreach continues East Coast expansion with NYC office

by Rick Morgan
Tue, 07 Dec 2021 06:46:07 +0000

The Seattle-based sales technology company first announced in May of 2020 its plans to open a physical location in New York City.

https://www.bizjournals.com/seattle/news/2021/12/06/outreach-opening-nyc-office.html?ana=RSS&s=article_search

Permits filed for $16M renovation at Nalley Valley cannabis incubator

by Shawna De La Rosa
Tue, 07 Dec 2021 06:05:17 +0000

A Southern California firm purchased the 16-acre site on Aug. 31 for $43 million. The sale, at $141 per square foot, is one of the Puget Sound region's highest-dollar industrial transactions so far this year.

https://www.bizjournals.com/seattle/news/2021/12/06/nalley-valley-cannabis-incubator-renovation.html?ana=RSS&s=article_search

Arlington officials want 'even more green' for Amazon’s PenPlace

by Hannah Denham
Tue, 07 Dec 2021 04:33:42 +0000

Amazon offered up its latest proposal for HQ2's PenPlace to civic leaders during a virtual meeting Monday night.

https://www.bizjournals.com/washington/news/2021/12/06/amazon-hq2-penplace-arlington-sprc-review-design.html?ana=RSS&s=article_search

Chicago-area developer nears completion of roughly $45M South Texas apartments

by Mitchell Parton
Tue, 07 Dec 2021 03:04:33 +0000

After a second phase of construction, the company will have invested about $85 million in the area.

https://www.bizjournals.com/chicago/news/2021/12/06/chicago-area-developer-nears-completion.html?ana=RSS&s=article_search

$77M deal in place for World Class-owned site across from Austin Convention Center

by Paul Thompson
Tue, 07 Dec 2021 01:57:43 +0000

High-rise potential has long been seen at this site just south of the Austin Convention Center. Now it's close to being purchased by an East Coast firm that owns roughly 5.7 million square feet nationwide. It remains to be seen if World Class will oppose the deal, which could set a per-square-foot price record for the city.

https://www.bizjournals.com/austin/news/2021/12/06/world-class-77m-downtown-austin-99-trinity.html?ana=RSS&s=article_search

Food-related start-ups could win use of commercial space in annual competition

by Christina O'Connor
Tue, 07 Dec 2021 00:52:41 +0000

This year’s Mahiai Match-Up competition will include up to 2,500 square feet of commercial space as a prize.

https://www.bizjournals.com/pacific/news/2021/12/06/food-related-start-ups-could-win-commercial-space.html?ana=RSS&s=article_search

Development legislation proposals to get hearing before Pittsburgh Planning Commission

by Tim Schooley
Mon, 06 Dec 2021 23:58:31 +0000

Proposed development rules face opposition from local trade group as two bills go before Pittsburgh Planning Commission.

https://www.bizjournals.com/pittsburgh/news/2021/12/06/planning-commission-to-hear-proposed-changes.html?ana=RSS&s=article_search

Millcraft hires former Peduto spokesperson as new director of marketing

by Tim Schooley
Mon, 06 Dec 2021 23:35:47 +0000

Mayor's spokeswoman jumps to prominent development firm amid ongoing transition to a new administration.

https://www.bizjournals.com/pittsburgh/news/2021/12/06/millcraft-hires-former-peduto-press-secretary.html?ana=RSS&s=article_search

Harsch Investment buys Sacramento property, plans first project

by Ben van der Meer
Mon, 06 Dec 2021 23:30:29 +0000

Having closed escrow on another 19 acres in Metro Air Park, Harsch Investment Properties is turning its attention to getting a project or two out of the ground there.

https://www.bizjournals.com/portland/news/2021/12/06/harsch-buys-more-metro-air-park-land.html?ana=RSS&s=article_search

Cordish to sell Live Casino & Hotel, two other casinos for $1.81B

by Melody Simmons
Mon, 06 Dec 2021 23:10:36 +0000

The deal sets up a unique leasing and operating agreement where Cordish will lease back all the properties and continue to own, control and manage the gaming operations.

https://www.bizjournals.com/baltimore/news/2021/12/06/maryland-live-casino-cordish-to-sell-glpi.html?ana=RSS&s=article_search

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