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Arlington, Va., Hotel-to-Resi Project Sells for $35M
An extended-stay hotel in Arlington, Va., is set to be transformed back into multifamily housing. GoodHomes Communities put down $35 million to acquire the Arlington Court Suites, a 187-key hotel that the buyer plans to convert into a 180-unit apartment building. KLNB announced the deal and, together with HREC Investment Advisors, represented the seller, Arl
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Commercial Observer12h agoFeds Pay $1.5B for Two Immigration Detention Centers in California
The federal government has spent nearly $1.5 billion to acquire two California detention centers from prison operator CoreCivic, marking one of the largest real estate deals tied to the Trump administration’s expansion of immigration enforcement. The U.S. Department of Homeland Security (DHS) purchased the 1,994-bed Otay Mesa Detention Center in Greater San
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Commercial Observer12h ago