Host Hotels buys ground leases for Key Bridge Marriott for $54M

Host Hotels & Resorts has bought the ground leases for the Key Bridge Marriott in Arlington, Va., for $54 million. The REIT, which had wanted full control of the property for 10 years but only recently was able to buy the ground leases, is considering a range of redevelopment options. Read the GlobeSt.com story here

Industry News

Vendor News

Norco Constr. promotes Erik Rappel to COO

General contractor, construction manager and design/builder Norco Construction promoted Erik Rappel to Chief Operating Officer. He most recently served as Norco’s Vice President of Operations, after originally joining the firm in 2017

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Vendor New Products

BITEC Expands Imperflex Line with New Base Sheet

BITEC, Inc. will be introducing its Imperflex® SA2 two-square self-adhered base sheet at the International Roofing Expo (IRE) in February, in response to contractor requests for a two-square option for installing BITEC’s popular Imperflex self-adhered

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