ANNAPOLIS, MD-Demolition of the abandoned Parole Plaza Shopping Center begins and makes way for the Annapolis Towne Centre at Parole, a new $400-million mixed-use project being spearheaded by Greenberg Commercial Corp. Greenberg and partner bought the property for $25 million in March.

WASHINGTON, DC-The 171,000-sf office structure at 1150 18th St., finds a new owner in TMW Property Funds (USA). Paying $63 million, TMW takes the 15-year-old building off the hands of A&A 1150 18th St. Associates, which acquired the property five years ago for $46 million.

WASHINGTON, DC-Owners of Potomac Center South secure refinancing to the tune of $76 million for the 430,000-sf office building with the assistance of Holliday Fenoglio Fowler LP. Attractive interest rates are partially responsible for the owners' decision to refinance the new class A property.

WASHINGTON, DC-Recent news from the District means the Corcoran Gallery of Art is well on its way to securing all the necessary funds for its planned makeover and expansion. The Council of The District of Columbia moves things along by approving $40 million in TIF funding for the project.

ODENTON, MD-Arundel Crossing West, a three-building flex property totaling 125,000 sf hits the market and finds a new owner. Mullan Enterprises acquired the buildings from First Industrial Realty for $11 million.

ARLINGTON, VA-The Arlington County Board signs off on a multifamily community redevelopment project that will give way to Rosslyn Ridge II, a 238-unit apartment community featuring 100 affordable housing residences. Work on the project is expected to begin by year's end.

BALTIMORE-Committing to 8,400 sf of retail space, Capital Grille positions itself to be a big draw at Lockwood Place, a new mixed-use project going up at the Inner Harbor. The trendy restaurant expects to open the doors of its new locale in the first quarter of next year.

RICHMOND, VA-Ownership of a new industrial property changes hands in a $4 million transaction. New Jersey-based Monmouth Capital Corp. takes over possession of the 60,000-sf building--currently 100% leased to a build-to-suit tenant--from building developer NP Richmond Realty LLP.