COMMERCIAL REAL ESTATE
Brookfield Office Properties is cashing out of a Rosslyn office asset as it turns its attention to large-scale, mixed-use developments. The firm sold the office buildings at 1550 and 1560 Wilson Blvd. in Rosslyn to a high net worth individual for $102.5 million in a deal that closed last week. … Read more at BisNow.
Virginia Hospital Center Plans Expansion
The Arlington County Board voted three to two in favor of approving a yearslong plan by Virginia Hospital Center to expand its Arlington campus. Virginia Hospital Center plans to build a new outpatient building and parking garage on a 5.6-acre site on North Edison Street that it will buy from the county under the terms of a 2015 land purchase agreement. … Read more at Washington’s Top News.
MPower Financing Lands $10 Million in Funding
District student loan startup MPower Financing has locked down $10 million in new funding and a $100 million credit facility it can use to make fresh loans, according to the company. The funding round will boost the company’s marketing and hiring and help propel it into a new 11,000-square-foot headquarters near Dupont Circle next June … Read more at the Washington Business Journal.
Fintech Startup Closes Seed Funding Round with $515,000
Flightpath Finance, a startup which offers a financial planning platform that’s designed to help tech companies, raised $515,000 in seed funding, said Jaakko Piipponen, the company’s Baltimore-based cofounder and CEO. The fundraising round was led by Active Capital, with participation from Alamo Angels and angel investors. … Read more at Technical.ly Baltimore.
RESIDENTIAL REAL ESTATE
Zahlco Development Plans $12 Million Apartment Building in Ridgely’s Delight
Zahlco Development is planning a five-story, 50-unit apartment building at 719-725 W. Pratt St. in Ridgely’s Delight. The $12-million project incorporates several existing buildings along with a vacant lot that Zahlco is purchasing from the University of Maryland, Baltimore and University of Maryland Medical Center. … Read more at SouthBMore.