MRP Realty and Rockpoint Group, of Boston, have closed on a $70 million purchase of 17 acres in the Potomac Yards section of Alexandria, Va. The transaction is the first step in the developers' ambitious plans to build the Potomac Yard Town Center, a $600 million mixed-used project calling for 625 hotel rooms, 414 residential units, and office and retail space.

Full Story:

Related Summaries