Dulles Corridor Users Group

THE MILESTONE GROUP ANNOUNCES ACQUISITION OF 870-UNIT MULTIFAMILY PORTFOLIO IN NORTHERN VIRGINIA

Retrieved on: 
Monday, December 5, 2022
Dulles Corridor, Ranchers-Cattlemen Action Legal Fund v. Sonny Perdue, Fair Oaks Mall, Ellipse, Transport, School, Dulles Corridor Users Group, Catenae Innovation, Fair Lakes, Virginia, Trader Joe's, Whole Foods Market, Milestone, Route, Reston Town Center, Investment, Growth, Capital market, WO, I-66, Walking, Tennis, Acquisition, Real estate, General store, Hotel, Commercial property, Townes, Mergers and acquisitions

FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs. The purchase price was not disclosed.

Key Points: 
  • FAIRFAX, Va., Dec. 5, 2022 /PRNewswire/ -- The Milestone Group (Milestone) has announced its acquisition of a three-property, value-add, multifamily portfolio totaling 870 units in Fairfax County, Virginia, executing an off-market acquisition through a loan assumption that saved significant prepayment costs.
  • We look forward to executing our business plan and modernizing the assets to improve their position in the market."
  • Milestone acquired the portfolio in its discretionary value-add fund, Milestone Real Estate Investors V, LP (Fund V), bringing Fund V to nearly 6,000 multifamily units and Milestone to 10,000 multifamily units across the United States.
  • The Milestone Group is a leading, privately held real estate investment management firm with strong expertise and focus on value-add multifamily assets in major metropolitan markets of the United States.

Comstock Announces 50,000 SF VIDA Fitness Flagship Facility to Open in Newest Phase of Reston Station

Retrieved on: 
Tuesday, July 26, 2022
ICF, Steam, Marketing, New, Barre, Yoga, Starbucks, Metro, JW Marriott Hotels, U Street, Cryotherapy, Goal, Neustar, Phillumeny, Color, Virginia State Route 267, Dulles Corridor Users Group, Washington City Paper, CBD, GLOBE, VIDA, Comstock, Health, Farmer, Gallery Place, Sport, Nasdaq, Blue Ridge Mountains, Dulles International Airport, The Yards, Founder, CVS, Wiehle–Reston East station, CHCI, Scissors, Sweatbox, Dulles Corridor, Reston Station, JW, Rolls-Royce Limited, Phillip Mills, Silver Line, Google, Tysons, Virginia, Hotel, Beauty salon, Spotify, D.C, Clarabridge

RESTON, Va., July 26, 2022 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (Comstock), a diversified real estate development and asset management company, and leading developer of transit-oriented and mixed-use neighborhoods in the Washington, DC region, announced today that VIDA Fitness Brands will open a next-generation flagship facility at Reston Row District, the newest phase of Reston Station.

Key Points: 
  • RESTON, Va., July 26, 2022 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (Comstock), a diversified real estate development and asset management company, and leading developer of transit-oriented and mixed-use neighborhoods in the Washington, DC region, announced today that VIDA Fitness Brands will open a next-generation flagship facility at Reston Row District, the newest phase of Reston Station.
  • VIDA will also offer outdoor fitness classes at Reston Rows Central Park.
  • We are beyond excited to launch our newest location at Reston Station, said David von Storch, President and Founder of Urban Adventures.
  • We look forward to bringing VIDA Fitness and its affiliated brands to Reston Station, the perfect retailing opportunity to expand our market reach.

StarKist® Partners with Feed the Children and Cornerstones for Special Event Benefiting 400 Families in Northern Virginia During Hungriest Year in Modern History

Retrieved on: 
Thursday, June 23, 2022
Tuna, Housing, Feed the Children, Emergency shelter, Multimedia, Fairfax County Economic Development Authority, Student, Protein, Hope, ST, Health, Partnership, Disability, Food, World War I, Awareness, StarKist, Homelessness, CEO, Dulles Corridor, Commerce, Board, Salmon, Dulles Corridor Users Group, Hunger, Aquaculture, Agriculture, Cornerstones F.C., The Walt Disney Company, Child

RESTON, Va., June 23, 2022 /PRNewswire/ -- StarKist Co., a socially responsible company that empowers people to live a healthy lifestyle by providing convenient proteins, partnered with Feed the Children and Cornerstones today to bring hunger relief to 400 families living along Northern Virginia's Dulles Corridor.  

Key Points: 
  • I'm filing for disability, and a friend told me about this event and it's just lifesaving.
  • "StarKist recently moved its headquarters to Reston, VA and welcomes the opportunity to contribute to the community.
  • We are proud to partner with StarKist and Feed the Children to help stabilize people living in crisis today.
  • StarKist Co. is a direct wholly owned subsidiary of Dongwon Industries Co., Ltd.
    At Feed the Children, we feed hungry kids.

Comstock Wins CoStar Impact Award for Reston Station

Retrieved on: 
Friday, April 1, 2022
Company, Private Securities Litigation Reform Act, Blackstone, Google, Marketing, Risk, Dulles Corridor, Forward-looking statement, Bank of America, Reston Station, CHCI, LC, Rolls-Royce North America, Bank, Neustar, Comstock, Dulles Corridor Users Group, Nasdaq, ICF, GLOBE, Securities & Exchange Commission of Pakistan, Reston, Annual report, Solar Winds, Partnership, Property management, Security (finance), D.C, Dulles

RESTON, Va., April 01, 2022 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (Comstock) announced today that Reston Metro Plaza was named as the recipient of CoStars Impact Award for Best Finance Transaction .

Key Points: 
  • RESTON, Va., April 01, 2022 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (Comstock) announced today that Reston Metro Plaza was named as the recipient of CoStars Impact Award for Best Finance Transaction .
  • In September 2021, Comstock announced the $355 million refinancing completion of the first three towers developed at Reston Station.
  • We are delighted to receive the CoStar Impact Award for Best Finance Transaction on behalf of Reston Metro Plaza, said Christopher Clemente, Chief Executive Officer of Comstock.
  • Comstock subsidiaries arranged the non-recourse construction take-out recapitalization package on behalf of Comstock Partners, LC, an affiliated, privately held company.

Qualtrics Leases 85,000 Square Feet at Reston Station

Retrieved on: 
Thursday, December 9, 2021
Cosmos, Income, Rolls-Royce North America, Phillumeny, Experience management, IWG plc, CHCI, Virginia State Route 267, Dulles International Airport, Silver Line, Wiehle–Reston East station, CVS, XM, Scissors, Dulles Corridor, Founding Farmers, Neustar, Nasdaq, Annual report, Tenant, Forward-looking statement, GLOBE, Contract, EV, Private Securities Litigation Reform Act, Organization, Farmer, Marketing, Risk, Tysons, Virginia, Securities & Exchange Commission of Pakistan, Foot, Security (finance), Emotion, Thought, Dulles Corridor Users Group, Reston Station, ICF, JW, Starbucks, Metro, U.S. Securities and Exchange Commission, Solar Winds, JW Marriott Hotels, Company, NASDAQ, Rolls-Royce Limited, CACI, Hotel, Management, Retail

With this lease, Comstock has completed the lease-up of its third Trophy-Class office tower at Reston Station, located at 1906 Reston Metro Plaza.

Key Points: 
  • With this lease, Comstock has completed the lease-up of its third Trophy-Class office tower at Reston Station, located at 1906 Reston Metro Plaza.
  • The buildings amenities include a 9,825 square foot state-of-the-art conference center with multiple meeting rooms, a fitness center with locker rooms, a 6,956 square foot sky garden with catering kitchen and indoor-outdoor serving station, a 5,400 square foot patio reserved for the exclusive use of Qualtrics and a 2,275 square foot rooftop deck.
  • The New Remarkable, Reston Station is home to corporate tenants including Google, ICF, Neustar, Spotify, Clarabridge, and Rolls-Royce of America.
  • CHCIs managed portfolio includes two of the largest transit-oriented, mixed-use developments in the Washington, D.C. area; Reston Station, a 5+ million square foot transit-oriented and mixed-use development in Reston, Virginia, and Loudoun Station, a nearly 2.5 million square foot transit-oriented, mixed-use development in Ashburn, Virginia, and additional development assets.

Comstock Announces Kung Fu Tea Opening at Loudoun Station

Retrieved on: 
Tuesday, October 19, 2021
Honey, Reston Station, Risk, Company, NASDAQ, Private Securities Litigation Reform Act, Income, CHCI, Coffee, Annual report, Contract, Securities & Exchange Commission of Pakistan, Education, Nasdaq, EVP, Work, GLOBE, Gongfu tea ceremony, DMV, Dulles International Airport, Dulles Corridor, Forward-looking statement, Milk, Central Station, Dulles Corridor Users Group, Silver Line, Espresso, Marketing, Ashburn station, Development, Property management

Founded in 2010 in Queens, New York, Kung Fu Tea is Americas largest made-to-order bubble tea brand with over 250 locations across the US.

Key Points: 
  • Founded in 2010 in Queens, New York, Kung Fu Tea is Americas largest made-to-order bubble tea brand with over 250 locations across the US.
  • We are delighted to welcome Kung Fu tea to Loudoun Station, said Timothy J. Steffan, EVP, Asset Management and Development for Comstock.
  • All Kung Fu locations serve drinks with tea that is freshly brewed every three hours with standard bubbles cooked every two hours.
  • "Zaker Bros, Inc. is eager to work with Comstock to introduce Kung Fu Tea to the Loudoun Station community, we strongly believe that it would be an excellent addition to the area," said Majd Zaker Co-owner of Zaker Bros, Inc.
    Loudoun Station is the largest transit-oriented development in Loudoun County.

Comstock’s BLVD Gramercy East Wins Delta Associates Award for Excellence

Retrieved on: 
Friday, October 15, 2021
Risk, Industry, Private Securities Litigation Reform Act, Nasdaq, Work, Reston Station, DMV, Delta, Dulles Corridor Users Group, Education, Marketing, Ashburn station, AMC Theatres, Company, GLOBE, Contract, Securities & Exchange Commission of Pakistan, CHCI, Forward-looking statement, Annual report, Restaurant, The Silver Line, Dulles International Airport, NASDAQ, Zone, Research, Dulles Corridor, Silver Line, Income, Acquisition, Walking, Property management

For the last twenty-five years, Delta Associates has presented awards for excellence in the DMV recognizing outstanding accomplishments in the multifamily industry.

Key Points: 
  • For the last twenty-five years, Delta Associates has presented awards for excellence in the DMV recognizing outstanding accomplishments in the multifamily industry.
  • BLVD Gramercy East is located at Loudoun Station, Loudoun Countys only transit-oriented community adjacent to Metros Ashburn Station on the Silver Line.
  • BLVD Gramercy East is a pet-friendly residential development with a range of studio, one-, two-, and three-bedroom rentals, featuring best-in-class amenities including an indoor basketball court, coworking space, and a fitness center.
  • We are delighted to receive the Delta Associates award on behalf of BLVD Gramercy East at Loudoun Station, said Kristoffer Green, Vice President of Residential Property Management for Comstock.

Comstock Arranges $350+ Million Financing Package to Refinance First Three Completed Trophy Office Towers at Reston Station

Retrieved on: 
Monday, October 4, 2021
Blackstone, Comstock, Hartford Building (Dallas), 650 California Street, Reston Station, Dulles Corridor Users Group, Starbucks, Farmer, Spotify, Risk, Google, Partner, Annual report, Dulles Corridor, Private Securities Litigation Reform Act, NASDAQ, Dulles, Income, CHCI, LC, Company, Securities & Exchange Commission of Pakistan, Phillumeny, Megaphone, Marketing, GLOBE, Environment, Metro, RMP, Neustar, Tower, Bank of America, Forward-looking statement, Contract, IWG plc, Bank, Nasdaq, CVS, Rail transport, Property management, Retail

In connection with the closing of the transaction, CHCI received ~$2.6 million in debt and equity origination fees.

Key Points: 
  • In connection with the closing of the transaction, CHCI received ~$2.6 million in debt and equity origination fees.
  • The recapitalization package replaces construction loans provided by Bank of America covering 1900, 1902, and 1906 Reston Metro Plaza (the RMP Offices).
  • Retail tenants servicing the RMP Offices include Starbucks, CVS, Founding Farmers, matchbox, Bigs Buns Burgers, and Salon Nordine.
  • Comstock specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.