Last Updated: June 23, 2005 10:21pm ET

Construction Management Team Comes Aboard $62M Mixed-Use Project

FALLS CHURCH, VA-Plans for building Spectrum at Falls Church take a step forward with Waterford Development LLC's selection of Bovis Lend Lease to oversee pre-construction and construction activities for the mixed-use project. With residential condominium units, retail, office condominium space, and parking on tap, completion of the $62-million endeavor is scheduled for May 2007.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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