COMMERCIAL REAL ESTATE
A former Italian ice cream factory in Fells Point could soon be razed to make way for a five-story, 31-unit apartment building. The Tutti Frutti wholesale ice cream factory at 520 S. Caroline St. was founded in 1950 by Italian immigrant Ernest DiNenna after he had saved enough money selling 1-cent cups of Italian ice in Baltimore. … Read more at the Baltimore Business Journal.
Rockville Biotech Company to Relocate HQ, Double in Size
Rockville, Maryland-based biotechnology company REGENXBIO will relocate to a larger headquarters and research facility, and double its workforce again, within five years. The company currently has about 150 employees, and with several gene therapy trials underway, will expand to a larger laboratory and research space at 9800 Medical Center Drive in Rockville. … Read more at Washington’s Top News.
Xenia Acquires Downtown Hilton Garden Inn for $128 Million
The Hilton Garden Inn that sits three blocks from the White House has just sold for $427,000 per room. Xenia Hotels & Resorts announced last week it sold the 300-room hotel for $128 million to an undisclosed buyer. The sale has not been posted in the D.C. Recorder of Deeds as of Tuesday. … Read more at BisNow.
Vantage Data Centers Closes $225 Million Round
Wholesale data center services provider Vantage Data Centers closed on a $225 million debt financing for growth and expansion plans in its three markets: Northern Virginia, Silicon Valley and Quincy, Wash. Vantage has seven operational data center facilities, and two additional facilities under construction. … Read more at Technical.ly DC.