© Conley Management. Montgomery County Commercial Property for Maryland.

Washington DC Area Commercial Real Estate News

New owner of Bellevue office tower site plans to move quickly on development

by Marc Stiles
Wed, 28 Jul 2021 06:41:43 +0000

Bellevue's ascendant office market has spurred plans for a number of speculative office projects. This latest one hopes to get out in front of the competition.

http://feeds.bizjournals.com/~r/industry_20/~3/W1DSUg5UdRE/bellevue-office-tower-owner-plans.html

Contractor takes control of Point Ruston property after court upholds lien

by Shawna De La Rosa
Wed, 28 Jul 2021 06:27:09 +0000

A legal battle between the Point Ruston developer and Serpanok Construction is impacting small businesses at the Point Ruston Public Market.  Forty-three tenants were informed via email Thursday afternoon that the management company TRF Pacific would no longer be their point of contact. Instead, they were directed to contact the building’s new owner, Igor Kunitsa at Tacoma-based Serpanok. Dozens of small businesses operate out of the 30,000-square-foot building in a farmers market-like format.…

http://feeds.bizjournals.com/~r/industry_20/~3/FSu-3c0Y9tA/point-ruston-public-market-now-managed-by-serpanok.html

Puyallup council sends $83M bond for public safety building to voters this fall

by Shawna De La Rosa
Wed, 28 Jul 2021 04:51:27 +0000

The Puyallup City Council has approved an $82.7 million bond measure that, if passed by voters, would be used to build a new public safety building at 600 39th Ave. SE in the city’s South Hill neighborhood. The 25-year bond measure will appear on the November ballot. The bond would cost the average household $20 a month through an assessment on property taxes, the city said in a Tuesday announcement.  The new building would house the police, jail and municipal court. The bond would also fund…

http://feeds.bizjournals.com/~r/industry_20/~3/NAGwE1_1pR0/puyallup-voters-will-decide-on-82m-public-safety.html

Philadelphia-area firm's purchase of entire Duke Realty portfolio could be St. Louis' largest-ever industrial sale

by Gloria Lloyd
Wed, 28 Jul 2021 01:59:06 +0000

Exeter Property Group has closed on what could be the largest industrial real estate sale in St. Louis history with the purchase of Duke Realty’s entire St. Louis portfolio.

http://feeds.bizjournals.com/~r/industry_20/~3/FON7O9pCu8o/st-louis-industrial-exeter-duke-realty.html

Boston Properties buying Midtown South office tower for $300 million

by Liz Young
Wed, 28 Jul 2021 01:10:47 +0000

The real estate investment trust's Manhattan deal comes as it also discloses property purchases in Seattle and the Washington, D.C., area.

http://feeds.bizjournals.com/~r/industry_20/~3/ut69JwXnAWI/boston-properties-midtown-south-office-tower-buy.html

Former Greystar director hired to head multifamily development at Ryan Cos.

by Marc Stiles
Wed, 28 Jul 2021 01:02:36 +0000

With this new hire, the national development company signals plans to do more multifamily projects in the Seattle region.

http://feeds.bizjournals.com/~r/industry_20/~3/rUMoxuuExgc/former-greystar-director-hired-by-ryan-cos.html

Boston Properties to buy 31-acre Rockville office campus, convert to Class A lab space

by Michael Neibauer
Tue, 27 Jul 2021 23:57:54 +0000

Boston Properties Inc. (NYSE: BXP) has agreed to acquire an aging office campus in Rockville that it plans to convert into Class A lab space to serve Montgomery County's booming biotech sector, the company announced Tuesday. The Boston-based developer and landlord, owner of Reston Town Center and a host of other office properties across D.C. and Northern Virginia, will pay $116.5 million for the property, which sits about a half-mile from Interstate 270 and within a mile of the Shady Grove Metro.…

http://feeds.bizjournals.com/~r/industry_20/~3/bogIZyXFoho/boston-properties-to-buy-rockville-office-campus.html

Board upholds decision denying Troiani's emergency appeal to demolish former Froggy's building downtown

by Tim Schooley
Tue, 27 Jul 2021 23:20:47 +0000

Appeals board upholds its previous decision after a Commonwealth Court judge found local decisions over emergency appeals to demolish Market Street buildings inadequate.

http://feeds.bizjournals.com/~r/industry_20/~3/p77xo8saVIs/appeals-board-upholds-decision-denying-troiani.html

Consultant could help Edina refine vision for former public works site

by Dylan Thomas
Tue, 27 Jul 2021 23:17:19 +0000

The city's Housing and Redevelopment Authority and its hand-picked developer have struggled to meet on plans for 5146 Eden Ave.

http://feeds.bizjournals.com/~r/industry_20/~3/h48920LXd54/edina-considers-consultant-for-5146-eden-ave-site.html

Boston-based company emerges as Safeco Plaza buyer

by Marc Stiles
Tue, 27 Jul 2021 22:25:52 +0000

This is the first Seattle acquisition for the buyer, which is the largest publicly traded developer, owner and manager of Class A office properties in the country.

http://feeds.bizjournals.com/~r/industry_20/~3/VrikWwwrQpQ/boston-based-company-safeco-plaza-buyer.html

Thomas Conley
Conley Management
4939 Cordell Ave
Bethesda, MD 20814
© Conley Management. Montgomery County Commercial Property for Maryland.
© Conley Management. Montgomery County Commercial Property for Maryland.
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