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Author Archives: Paul Samuel

Real Estate Weekly: COPT buys two D.C. office building for $119M

Corporate Office Properties Trust of Columbia said it has purchased two Class A office buildings, Maritime Plaza I and II, in the Capitol Riverfront submarket of Washington, D.C. The purchase price of $119 million includes the assumption of a $70.1 ...

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Real Estate Weekly: Creditors pursue Doracon Contracting

Three creditors of Doracon Contracting Inc. filed an involuntary bankruptcy petition in U.S. Bankruptcy Court on Tuesday, attempting to liquidate the financially troubled development company. They are Potts & Callahan Inc. of Baltimore, an excavation company that claims in court ...

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Real Estate Weekly: COPT buys N.Va. data center for $115M

Corporate Office Properties Trust of Columbia announced its acquisition of a 233,000-square-foot, two-story, unfinished data center in Manassas, Va., as well as the assets of a related company, for approximately $115 million. The data center, known as Power Loft @ ...

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Real Estate Weekly: Mixed-use community planned near Fort Meade

Los Angeles-based Canyon-Johnson Urban Funds said it provided $17.5 million in preferred equity capital for the acquisition, rezoning and predevelopment of two land parcels in Hanover. The 122 acres — the single largest undeveloped transit-oriented development-zoned property in the region, ...

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Real Estate Weekly: Social Security Administration planning new data center

The Social Security Administration plans to build a 300,000-square-foot national data center in either Frederick County or Baltimore County, according to Maryland’s two U.S. senators. Sens. Barbara A. Mikulski and Ben Cardin, both Democrats, announced that the center and its ...

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Real Estate Weekly: Systems Alliance shifting HQ to Hunt Valley

Systems Alliance Inc. of Sparks, a regional systems integrator and provider of information technology and business consulting services, said it will occupy new quarters in Hunt Valley on Aug. 1. The 8,000-square-foot space at Executive Plaza III, 11350 McCormick Road, ...

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Real Estate Weekly: UMMS, Upper chesapeake Health buy Harford Co. land for expansion

The University of Maryland Medical System and Upper Chesapeake Health, the largest health care provider and the largest private employer in Harford County, have jointly purchased six parcels of land, totaling just over 70 acres, near the intersection of Md. ...

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Real Estate Weekly: Chesapeake Lodging Trust buys Mass. hotel for $77M

Chesapeake Lodging Trust has reached a deal to acquire the 430-room Boston Marriott Newton located in Newton, Mass., for $77.25 million. The Annapolis-based company expects to close the transaction within the next 30 days and find a third-party manager to ...

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