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Content about Retail

March 14, 2014

We recently released an article about the Top 5 Worst Markets for Office Space in the D.C. area. Those areas had the highest vacancy rates in the Washington, D.C. area according to a Transwestern report.

Demand for Class-C and Class-B office space is at near all-time lows and at the same time tenants are adamant about leasing Class-A office space. In some sub markets the demand is so great that Class-A office space available is now below 1 percent.

February 13, 2014

In the world of commercial office space, a market with a vacancy rate of 10 percent is considered stable; anything below that percentage is to be coveted.  Logically, developers should flock to a market with a low office inventory, especially one with short supply of Class-A office space.  After all, someone is leasing all that space right?

February 7, 2014

Germantown, Maryland is the farthest north of Montgomery County’s commercial centers, it’s also the smallest and youngest in terms of commercial development but that is quickly changing. With approximately 3 million square feet of office space, Germantown has been one of the county’s bright spots in terms of commercial development in the last couple of years.

March 29, 2012

A planned residential and retail project by real estate developer JBG was met with mostly heavy opposition from community residents who live in the Twinbrook area of Rockville, where the project would be developed.

The site plan for 1800 Rockville Pike came before the City of Rockville planning board Wednesday night seeking approval from the commission. The approval of the site plan would have been the final step before permits are issued and construction starts for the urban style, low-rise project designed by architectural firm, Hord Coplan Macht.

January 6, 2012

Can you tell us a little about yourself and your work at LCOR?

November 3, 2011

A Virginia residential developer is proposing to tear down an existing office building on Key West Avenue in Rockville, and replace it with as much as 650 multi-family residential units that would most likely end up as apartments.

October 14, 2011

Back in May 2010 the U.S. Postal Service issued an RFP through its brokerage firm to sell the site for redevelopment

The development planned for the current main post office site in the Silver Spring Central Business District won approval from the Montgomery County Planning Board Thursday.

Leading the development of the site is Chevy Chase-based Nova-Habitat incorporated which has been joined by McLean-based Insight Property Group LLC to build what is being marketed as the Fenwick Station apartments.

September 14, 2011

National Harbor, the mixed-use development that became an overnight success continues to diversify and expand with the addition of a brand-new apartment project.

The Bozzuto Group and The Peterson Companies teamed up to announce in late 2010, plans to develop an apartment building at the $4 Billion National Harbor along the Potomac River in Prince George's county. Now more details of the project have surfaced.

August 22, 2011

With a new grocery store anchor on the way, Federal Realty Investment Trust (FRIT) (NYSE: FRT)wants to make sure patrons are receiving the best experience at the Rockville Town Square.

July 17, 2015

Two new retail tenants have signed onto the Riverdale Station Park development in the Town of Rivderdale Park. They follow the Whole Foods Market grocery store which was the first retail tenant and one of several soon-to-be anchors at the mixed use project. The Whole Foods Market will be the first in Prince George's County.

Bella Beach Spa will take space 3A-3 according to data from H&R Retail, the company is managing the retail leasing for the project.

July 14, 2015

Next week the Montgomery County Planning Department will review several new additions proposed for the Milestone Businesses Park in Germantown. The developer Matan has big changes planned for surface parking and empty lots at the office complex.

Despite having major leasing success for the office buildings in the northern edges of Montgomery County, Matan wants to introduce new use types that would drastically change the environment.

June 29, 2015

The truest and newest of Gaithersburg's “smart growth” developments is kicking it's retail component into high gear.

The Spectrum at Watkins Mill is adding two new food retail businesses adjacent to the project's Performers Park, an open space that includes a large circular fountain similar to that found in the Downtown Silver Spring shopping district.

The additions include Barking Mad, which aims to be the go-to coffee shop in the community, serving food and spirits. Opening is expected to happen in September 2015.

June 24, 2015

Breakfast will soon be served to more than 2,500 employees at the new National Cancer Institute Headquarters and Johns Hopkins University Montgomery County Campus.

 

On the other side of Key West Avenue, 1,650 square feet is being leased by Dunkin' Donuts. The ground floor retail space is the part of the first phase of the new Mallory Square apartments.

 

March 12, 2015

Quietly building along busy Colesville Road in downtown Silver Spring, Petrie Richardson Ventures is reinventing an urban indoor mall currently known as City Place. The six-level mall will be renamed to Ellsworth Place once construction is complete and the old signage removed.

February 20, 2015

Solaire Silver Spring II / Ripley II Washington Property Co - Metro Business MediaThe Montgomery County planning board was recently presented with early plans for another residential apartment complex in Silver Spring’s Ripley District.

January 8, 2015

In the Washington Post article written Lavanya Ramanathan titled "Could a new wave of boutique coffee, beer and bao buns remake ‘Silver Sprung’?", Ramanathan writes about what she labels a 'desolate' stretch of Silver Spring  and throughout the article makes comparisons of the area to neighborhoods like Petworth, Logan Cirlce in D.C  and the Clarendon metro

April 23, 2014

If you are a young professional working in Washington, D.C., one thing you’ve probably noticed by now is that there is a fairly large gap between your monthly income and the city’s monthly rent requirements. Not everyone can afford the “luxury” apartments in Foggy Bottom, Georgetown, or Dupont Circle; so what’s a cash-strapped young professional to do?

February 21, 2014

The Baltimore/Washington International Thurgood Marshall Airport had a total of 22,498,353 commercial passengers flow through its gates in 2013 making it – once again – the busiest airport in the Washington, D.C. area.

February 19, 2014

Fulton, Maryland-based Colfax Corporation (NYSE:CFX) has made another large acquisition; less than three years after purchasing Charter International PLC in September 2011 for $2.4 billion.

February 7, 2012

Returning to its place of origin in retail form, McCormick and Company, Inc. (NYSE:MKC), the company now based in the Sparks area of Baltimore County is expanding awareness of its global brand through its first store location which is expected to open summer 2012.

February 2, 2012

Before getting bought itself by Chicago-based Exelon Corp (NYSE: EXC), Baltimore-based Constellation Energy (NYSE: CEG) announced that it has completed the purchase of ONEOK Energy Marketing Company (NYSE: OKE).

The Tulsa, Oklahoma-based retail natural gas marketing company was acquired for $22.5 million and has 26,000 customers in Kansas, Oklahoma, Missouri, Texas, Nebraska, Wyoming and Illinois.

January 24, 2012

 

The fifth Vida Fitness center will open its doors to customers Tuesday, January 24 at 12:30 p.m.

The high-end gym Located at 445 K Street, NW, is at the ground floor of the City Vista residential-retail project which includes apartments above and is anchored by a Safeway grocery store. The two-level space was formerly occupied by a Results Gym.

October 6, 2011

The historic hotel was purchased for $67.2 Million in cash.

Bethesda-based lodging REIT LaSalle Hotel Properties (NYSE: LHO) has purchased the historic San Francisco Hotel, Villa Florence for $67.2 Million in cash.

Located a block south of San Francisco's Union square at 225 Powell Street, the hotel features 182 guestrooms, including 23 suites, and 6,955 square feet of retail space. Restaurants onsite include Kuleto's Italian Restaurant and Bar Norcini.

August 30, 2011

Rockville-based Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) has acquired a grocery store anchored shopping center that's 98.7% leased with an expected 6.7% first-year yield.

The Olney Village Center in North East Montgomery County is at the intersection of Georgia Avenue and Sandy Spring Road in the heart of Olney, Maryland.

Washington Real Estate Investment Trust bought the center for $58.0 Million.