"Bricks Meets Bits" Survey Tracks Consumer Retail Shopping Preferences

WASHINGTON, DC (August 8, 2016) – Petrie Richardson Ventures (PRV), owner-developer of retail centers Ellsworth Place in downtown Silver Spring, MD, and Woodmore Towne Centre in Glenarden, MD, announced today the results of a large-scale survey examining the influence of evolving social, lifestyle, entertainment and technology developments on Americans’ shopping habits.

TMG Partners and Fortress Investment Group Announce Sale of Final Properties at Champion Station

SAN FRANCISCO (July 28, 2016) — TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and Fortress Investment Group, a highly diversified global investment firm with $72 billion in assets under management, today announced the sale of its remaining properties at Champion Station, totaling 287,371 square-feet, to an institutional real estate investor engaged in the ownership of high quality office and mixed-use properties nationwide.

Petrie Richardson Ventures Closes on Nordstrom Rack Land Acquisition at Woodmore Towne Centre

GLENARDEN, Md. (July 1, 2016) – Petrie Richardson Ventures (PRV) and Prudential Real Estate Investors, the owner-developers of the 140-acre, 700,000-square-foot mixed-use development Woodmore Towne Centre, announced today the acquisition of a five-acre land parcel from DR Horton for the construction of Prince George’s County’s first-ever Nordstrom Rack.

Historic Hibernia Bank in Mid-Market Ideally Suited for Retail and Event Users

SAN FRANCISCO (June 28, 2016) – Dolmen Property Group, a San Francisco-based real estate developer, recently completed renovations at The Hibernia Bank, a nationally recognized historical landmark and one of the City’s most celebrated architectural gems, is leasing the property to both office and retail tenants, as well as club or event space.

Renovated Ellsworth Place Fully Leases Anchor Spaces Ahead of Fall 2016 Grand Reopening

SILVER SPRING, Md. (June 9, 2016) – Petrie Richardson Ventures (PRV) and Rockwood Capital, the owner developers of Ellsworth Place retail center in downtown Silver Spring, announced today full lease-up of all anchor tenant spaces in the fully renovated Ellsworth Place (formerly City Place Mall).