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PALMER PARK, MD-The senior set is on target to receive an additional housing option as work gets under way on Victory House of Palmer Park, a new multifamily property designated for low-income senior citizens living independently. The units will come online in the latter part of 2005.
FAIRFAX, VA-What is known in local circles as "the old courthouse" will soon become the "new courthouse" as Fairfax County officials prepare to break ground on a $94.5-million judicial facility.
WASHINGTON, DC-An end is in sight for redevelopment of the 12-story Bowen Building, as developers the Kaempfer Co. and Real Estate Capital Partners top out at the 220,000-sf office property. Work on the 1920s-era structure is expected to reach ultimate completion in January.
CHANTILLY, VA-Permanent financing in the amount of $26 million is put in place for the 160,000-sf Liberty Center II at Westfields. Cassidy & Pinkard/iCap orchestrate the deal on behalf of property owner The Mark Winkler Co. The funds come courtesy of Prudential Mortgage Co.
LANDOVER, MD-Metro-Plex I & II, two class A office buildings totaling nearly 300,000 sf, find a new owner in the form of a joint venture involving Meritage Properties LLC and Buchanan Partners. Seller MGP Real Estate LLC lets go of the structures four years after having acquired them for $31 million.
CHARLOTTESVILLE, VA-Two top retailers, Target and Harris Teeter, commit to the tenant roster of the planned 300,000-sf Hollymead Town Center. The two stores expect to open their doors once development of the retail property concludes next summer.
WASHINGTON, DC-Ownership of the office building at 1325 G St. changes hands in a $110-million deal. Tishman Speyer Properties/Lehman Brothers Holdings hands over the 300,000-sf high-rise to Broadway Partners three years after having acquired the property for nearly $60 million.
NEWPORT NEWS, VA-In a recent deal valued at nearly $6 million, ownership of two Oakland Industrial Park warehouse/distribution structures changes hands from Nippon Express USA Inc. to Continental Pickett's Line LLC. Nippon will lease back part of the 170,000-sf property.
ASHBURN, VA-The local school system gets a big boost as the Loudoun County Board of Supervisors signs off on the acquisition of 100 acres for the development of a new school campus. County officials give $13.5 million to the Islamic Saudi Academy in exchange for the land.
HERNDON, VA-Corus Bank closes on a $34 million financing package for the Dulles Station Residences, a 169-unit luxury condominium property. The non-recourse loan will fund construction of the property, which will be the first structure in the Dulles Station planned community.
From Placer.ai
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Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Building Engines
Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource