Neighbors push to save Royal Palace Motel's neon sign after $7.3M developer purchase
The aging Royal Palace Motel on Colorado Boulevard was purchased for $7.3 million on Tuesday, according to property records.
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The aging Royal Palace Motel on Colorado Boulevard was purchased for $7.3 million on Tuesday, according to property records.
Laramar Group plans to build a six-story apartment building on the one-acre site along Colorado Blvd with at least 153 units.
Read about 10 acquisitions of ASCs and medical buildings that occurred last month, as reported by Becker's.
Laramar Group has acquired a 35,406-square-foot medical office building in Sterling, VA, last renovated in 2021 and 85% leased to tenants. Located in a
But BMC Investments and Laramar Group have taken different approaches to doing so.