CHCI - Mergers and acquisitions

Technology innovation leader to occupy build-to-suit Herndon, Va. campus Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced the acquisition of Woodland Pointe, a 6.77-acre office campus located at 2200 Woodland Pointe Avenue in Herndon, Virginia, and the execution of a full-campus lease with Peraton, a leading next-generation technology and national security company. Located just south of the Dulles Toll Road in Herndon, Virginia, Woodland Pointe sits at the heart of the Dulles Technology Corridor, one of the nation's mo

Joint acquisition further expands CHCI's Institutional Venture Platform Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock" or the "Company"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, today announced that it has completed the acquisition of The Reed, a 417-unit Class A multifamily property located at 15955 Frederick Road in Rockville, Maryland. The acquisition was completed on behalf of a joint venture between the Company and a third-party Benefit Street Partners-advised institutional fund. Comstock Partners, LC, a privately held affiliate of the Company, co-invested in the joint venture. Two wholl

Development expands Comstock's transit-oriented position adjacent to Rockville Metro Station Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock"), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has completed the acquisition of an 18,150 square foot land parcel located at 41 Maryland Avenue in Rockville, Md. ("Comstock 41") through a wholly owned subsidiary for $1.5 million. This investment property sits adjacent to a pair of 250-unit luxury residential towers, BLVD Ansel and BLVD Forty-Four, which were acquired by a joint venture of Comstock and an affiliated entity in 2021 and 20

RESTON, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (NASDAQ:CHCI) ("Comstock") announced today that it has completed the acquisition of Ansel on behalf of a joint venture between CHCI and Comstock Partners, LC, an affiliated, privately-held company. The 250-unit, 18-story, luxury high-rise apartment building is located at 33 Monroe Street in Rockville at the entrance to Metro's Rockville Station in the heart of the I-270 Technology and Life Science Corridor in Montgomery County. Comstock acquired the project upon substantial completion and will begin leasing, managing, and rebranding the property as BLVD Ansel. The mixed-use property is the sister building t

WASHINGTON and RESTON, Va., Jan. 21, 2022 (GLOBE NEWSWIRE) -- On January 21, 2022, Comstock Holding Companies, Inc. (NASDAQ:CHCI) (the "Company") announced it has posted an updated investor presentation to its website, which can be accessed at https://ir.comstockcompanies.com/ About Comstock Holding Companies, Inc. Comstock Holding Companies, Inc. ("Comstock") is a real estate investor, developer, operator, asset manager and real estate services company that, since 1985 has developed, constructed, acquired and managed several thousand residential units and millions of square feet of residential and mixed-use properties throughout the Washington, D.C. region and other markets in the south

WASHINGTON, D.C. and RESTON, Va., Nov. 15, 2021 (GLOBE NEWSWIRE) -- On November 15, 2021, Comstock Holding Companies, Inc., (NASDAQ:CHCI) (the "Company"), announced financial results for the three and nine months ended September 30, 2021: Highlights of Third Quarter 2021, as compared to Third Quarter 2020: Total revenue from continuing operations increased by 73% to $10.2 million during the third quarter 2021, as compared to $5.9 million during the same period of the prior year.Operating income from continuing operations increased by 525% to $3.1 million during the third quarter 2021, as compared to $0.5 million during the same period of the prior year.Net income increased by 590% to $2.

RESTON, Va., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Comstock Holdings Companies, Inc. (NASDAQ:CHCI) announced today the acquisition of The Upton, in a joint venture between CHCI and Comstock Partners, LC, an affiliated, privately-held company. The 15-story, luxury high-rise apartment building is located at 44 Maryland Avenue in Rockville, one block from the Rockville Metro Station in the heart of the I-270 Technology and Life Science Corridor in Montgomery County. Built in 2015, the 263-unit mixed-use property includes approximately 16,000 square feet of retail and a commercial parking garage. CHCI received a $500,000 acquisition fee in connection with the transaction and will also receive inve

RESTON, Va., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc., (NASDAQ:CHCI) ("CHCI" or "Comstock") announced that on September 29, 2021, its capital markets group completed a refinancing of the first three Trophy Class office Towers developed by CHCI at Reston Station, the 60-acre transit-oriented, mixed-use development that is home to the first Silver Line Metro station in the Dulles Corridor. In connection with the closing of the transaction, CHCI received ~$2.6 million in debt and equity origination fees. CHCI subsidiaries arranged the non-recourse construction take-out recapitalization package on behalf of Comstock Partners, LC, an affiliated, privately-held company

Popular Korean Chicken Franchise Leases Third Location in Northern Virginia RESTON, Va., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock”), today announced that bb.q Chicken has signed a 10-year lease for 3,000 sq. ft. at 43801 Central Station Drive in Ashburn, Va. With over 1,000 locations across South Korea, and a rapid expansion plan for the North American market, bb.q Chicken is bringing its signature chicken and beer menu to Loudoun Station in Spring 2021. “bb.q,” which stands for “best of the best quality,” serves over twenty signature chicken dishes, deep-fried in olive oil, and representative of South Korean spicy and sweet flavor pai

RESTON, Va., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“CHCI”) is pleased to announce that Comstock Herndon Venture, LC (“Comstock”) and the Town of Herndon, have closed on the transfer of land in historic downtown Herndon that is the subject of a public-private partnership between the parties. Comstock’s planned redevelopment of the 4.7 acre parcel is the centerpiece of Herndon’s revitalization plan for its historic downtown. Comstock and its design team worked closely with Town officials to develop a plan that is exciting, while honoring the historic character of Herndon’s downtown. The plan earned the unanimous approval of the Herndon Historic Di