WASHINGTON, DC-Acting as general contractor, Clark Construction Group is shepherding the construction of two new upscale condominium properties, The Artisan Condominium and the Rhapsody Condominium, toward completion. The properties are under development by two separate entities and will cost a total of $57 million to realize.

WASHINGTON, DC-Financing in the form of a $29 million fixed-rate loan closes for the 142,000-sf office building at 1100 17th St. NW.

WASHINGTON, DC-Leaders behind the government-sponsored energy efficiency program known as Energy Star, host an event announcing the Energy Star Challenge, a campaign to encourage businesses and institutions to reduce energy use by 10% or more in buildings across the US by 2015.

FAIRFAX COUNTY, VA-Bridgewater Corporate Center, a 200,000-sf class A office building, will sit on a six-acre parcel off Interstate 66. Archon Group LP is the developer of the property and expects to complete construction in March 2006.

SILVER SPRING, MD-A $23.5 million financing package closes for the Warwick Apartments, a 395-unit apartment community developed in the late 1960s. Green Park Financial is providing the permanent fixed-rate loan, which will allow the borrower to take advantage of currently agreeable interest rates.

WASHINGTON, DC-Construction starts on Penn Circle, a 36-unit condominium project with a reported $3.6 million price tag. Drummond Development is behind the project, which will replace what had been a 50-year-old apartment building.

WASHINGTON, DC-Monument Realty purchases two multifamily communities in separate deals totaling $300 million. The acquisitions include a 577-unit property in McLean, VA and a 574-unit community in Alexandria that will be converted to condominiums.

WASHINGTON, DC-Monument Realty purchases two multifamily communities in separate deals totaling $300 million. The acquisitions include a 577-unit property in McLean, VA and a 574-unit community in Alexandria that will be converted to condominiums.