Commercial

Real Estate News: First Potomac Realty Trust Sells Newington Business Park Center to Redeem a Portion of Series A Preferred Shares

The leading owner and operator of office and business park properties in the greater Washington D.C. region, First Potomac Trust, has announced the sale of the seven-building, 256,000 square foot Newington Business Park Center in Lorton, Virginia, for gross proceeds of $32.5 million.

Celebrity Real Estate: The Raleigh Hotel of Tommy Hilfiger Turns into a Private Club

Tommy Hilfiger, a fashion designer, is going to renovate Raleigh Hotel in Miami Beach and turn it into a private club. So the rumor that Hilfiger is selling the hotel he bought for $56.6 million in 2014 is not right after all.

Celebrity Real Estate: 50 Cent as the Landlord of His Mansion in Connecticut, Which He Wants Rented Out for $100,000 a Month

50 Cent has listed his mansion in Connecticut in 2007 for $18.5 million. The price of the 21-bedroom, 25-bathroom mansion of the singer in Farmington has been cut four times to $8.5 million but was still unable to find a buyer.