Developer Purchases Old Hecht's Warehouse
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The landmark Hecht Co. distribution center in Northeast Washington has been bought by a Philadelphia developer who plans to incorporate the historic structure into a new retail hub off New York Avenue.
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ObjectStore suitably EdgeXtended by acquisition
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A New York real estate company paid $160 million for the 84-year lease of Union Station. The acquisition gives it control of the station's office and retail space, concourse and ticket counters.
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Deb Shops has cash in the bank and more on the way.
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Debra Mims of Burtonsville loyally shopped at Hecht's for 11 years. She diligently clipped out an endless array of 10-percent-off coupons and timed her purchases to coincide with the local chain's many sales.
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An investor group planning to redevelop the Capital City Market in Northeast Washington announced yesterday that a New York-based developer has become a partner in the project.
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A Fool puts warehouse shopping to the test.
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A battered two-story warehouse in Northeast will soon undergo a conversion that could have come from the imagination of one of the artists who will live there.
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By ANDREA SCHOELLKOPF Journal Staff Writer  Developer Coda Roberson built the house about 30 years ago for his new bride, Reba, nestled into the once-rural green land of the city's West Side bosque.
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The homebuilder looks like a good place to park some cash.
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The hulking Harbor Garage, on a premier site near the Boston waterfront and New England Aquarium, is going on the market today and will likely be redeveloped into a mixed-use complex friendlier to the city's waterfront visitors.
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A former Australian prisoner liked his jail cell so much he has decided to buy it.
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HALLADALE, the Scottish property developer and investor, has maintained its recent flow of activity by selling the leasehold on a landmark building in Carlisle for around 7.5 million.
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A London office tower known as the Gherkin was bought by IVG Immobilien, a German property company, and Evans Randall Investment Management, a British investment bank, for Â£600 million ($1.2 billion), a record for a building in the cityâs main financial district. The Swiss Reinsurance Company, the towerâs owner, said it would remain the principal tenant in the 41-story building. Swiss Re, which is based in Zurich, will book a profit of Â£250 million ($500 million) from the sale. The Gherkin was designed by Norman Foster, winner of the Pritzker Prize, and opened in 2004. The tower, formally known as 30 St. Mary Axe, is âa genuine landmark with excellent long-term letting prospects,â IVG said.
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Brookfield Properties Corp., which owns 48 commercial sites including the World Financial Center in New York, bought a 19-story office tower in Rosslyn, Virginia, from Deutsche Immobilien Fonds AG for $106 million.
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Anticipating Harvard University's expansion in Allston, the owner of the Sports Depot pub-style restaurant last week bought longtime neighbor Able Rug's real estate -- a 19th-century slap-dash warehouse-style building and a parking lot -- for $1.25 million.
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Developer John B. Hynes III intends to fill the portion of the South Boston Waterfront he owns with blocks of six- to eight-story residential buildings and mid-rise commercial buildings, dotted with parks, shopping opportunities, and possibly a private school.