WASHINGTON, DC-The Colorado Building, a 120,000-sf class A office property at 14th and G streets, finds a new owner in Dallas's Behringer Harvard Funds. The real estate investment fund sponsor takes over ownership of the historic 1900s-era building from Dupont Fabros.

BELCAMP, MD-Arundel Polymer Services orchestrates its relocation from Baltimore County to Harford County with the recent acquisition of a 66,000-sf industrial property on Brass Mill Rd. The manufacturing company will make the move to its new home this summer.

TYSONS CORNER, VA-The 106,500-sf office building at 8619 Westwood Center Dr. welcomes a new tenant to its midst, the Wexford Group International. The management and technical consulting firm will relocate to an 11,800-sf space.

WASHINGTON, DC-Work wraps up on Sovereign Square, the new 246-unit residential building at 555 Massachusetts Ave. in the city's Mount Vernon Triangle area. The project realization cost for the developer, an entity of the JBG Cos., is about $50 million.

WASHINGTON, DC-Mazza Gallerie, an upscale 300,000-sf shopping center in the Friendship Heights section of the District, finds a new management team in Urban Retail Properties Co. TIAA-CREF taps the management entity just three months after having acquired the Wisconsin Ave. property.

BETHESDA, MD-Making plans for a 450,000-sf speculative office project, Opus East LLC purchases a 20-acre parcel of land in Rock Spring Park. The property, which is developable up to 876,000 sf, has a current assessed value of $11.5 million.

WASHINGTON, DC-The famed Watergate Hotel now belongs to Monument Realty, as the local real estate company closes on the acquisition of the 251-room luxury property from advisees of New York's Blackstone Real Estate Advisors. The deal is valued at a reported $55 million.

ARLINGTON, VA-The portfolio of the nation's largest independent hotel management company, Interstate Hotels & Resorts, just got larger with the recent award of a management assignment involving 54 hotels owned by Sunstone Hotel Investors LCC affiliates. The deal is subject to the closing of the Sunstone IPO.