Latest News

Atlanta firm buys two Arlington residential towers, expects return to ‘core markets’

Cortland, a big Atlanta-based real estate firm, closed on two big multifamily acquisitions in Arlington Tuesday, completing the first phase of its plans to invest $1 billion in local real estate.

The company is seeing “return migration to core markets” such as the D.C. area and “this demand shift is expected to continue over the coming years, enhancing our outlook for multifamily communities in the region,” Dan Irvin, a regional director of investments with Cortland, told the Washington Business Journal.

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Fire Station 10 Officially Opens To Serve The Rosslyn Community

October 8th, 2021|Michael O'Connell||

Arlington County officials celebrate opening of new fire station serving Rosslyn and the public-private partnership that made it possible.

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D.C. firm starts work on giant Hagerstown warehouse

September 10th, 2021|Melody Simmons|Baltimore Business Journal |

Hagerstown’s fast-growing e-commerce landscape is poised to take off again. Washington, D.C.-based Penzance broke ground Thursday on a spec 825,000-square-foot, Class A warehouse facility that will sit just off Interstates 81 and 70 in Williamsport. The firm acquired the 70-acre site earlier this year for $8 million.

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Penzance Breaks Ground at Class-A Industrial Development, Hagerstown Crossroads at I-81

September 9th, 2021|Penzance|Press Release |

Penzance, an owner, operator and developer in the Washington, D.C. metropolitan region for more than two decades, today broke ground on their latest industrial development, a 825,000-square-foot site located at 16220 Wright Road in Williamsport, Maryland. Penzance executives were joined by community members and local business leaders as the company marked the groundbreaking milestone on its latest project that will create approximately 500 jobs in the region.

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Arlington Firefighters Move Into New Fire Station 10 in Rosslyn

August 24th, 2021|Jo DeVoe||

Construction on the three towers of The Highlands, which started in October 2018, is wrapping up. The fire station appears to have finished earlier than developer Penzance anticipated. A spokeswoman previously told ARLnow the station would be ready in the fall, along with a new apartment tower and condo tower.

Passersby can see a 35-foot tall sculpture of a bronze nozzle with twisting spirals of stainless steel, representing water. At night, light illuminates the stainless spirals. The art installation, a tribute to firefighters, marks the first time public art has adorned a fire station.

Baltimore artists David and Eli Hess were commissioned for the art, which […]

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