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WEST VIRGINIA-Office products and specialty chemicals manufacturer MeadWestvaco Corp. lets go of 95,500 acres of prime West Virginia forestland in an all-cash deal. A Forestland Group LLC subsidiary acquired the property for $50 million.
RESTON, VA-Developers of the 1.2 million-sf mixed use development known as Plaza America complete a 10-year commitment to funding commercial and infrastructure projects in the area. This most recent and final installment is for transportation improvements.
WASHINGTON, DC-Popular Swedish apparel chain Hennes & Mauritz makes its way to the District with a 27,000-sf store in the former Woodward & Lothrop building. The "Woodies" building location will be one of seven stores that will open in the Washington area.
WASHINGTON, DC-Walls are ready to go up for the new 650,000-sf building that will serve as the International Monetary Fund's new headquarters. The $145 million, 12-story office structure will be ready for occupancy in mid-2005.
BETHESDA, MD-Metropolitan Washington makes room for the area's fourth Daily Grill restaurant as the owner of the eatery chain commits to a long-term lease of a 6,000-sf space at the Hyatt Regency Bethesda. The new $2-million restaurant is expected to debut next summer.
NORFALK, VA-Wal-Mart Real Estate Business Trust makes plans to convert its 114,500-sf Military Road store to a 220,000-sf supercenter with the recent acquisition of nearly eight acres at the Janaf Shopping Center. The space had been home to a General Cinema complex.
LANDOVER, MD-Demolition experts bring down the former US Airways Arena with 350 pounds of explosives. The dusty remains of the 30-year-old structure are being carted away to make room for a new $85-million, mixed-use sports and entertainment facility scheduled to open next fall.
WASHINGTON, DC-The class A office and retail building at 1750 H St. reaches substantial completion, according to project contractor The Clark Construction Group. The contract value for the 171,000-sf, 11-story tower--which is a project of CarrAmerica Urban Development 11--$14.4 million.
ROCKVILLE, MD- The commercial mortgage company continues to make great progress in restabilizing itself following its 2001 emergence from bankruptcy, as evidenced by investments that will ultimately allow the company to pay $353 million on its debts.
WISE COUNTY, VA-Verizon Communications reveals it will open a $3.3-million customer service Center in the 195-acre Lonesome Pine Regional Business and Technology Park. The 9,600-sf Verizon Welcome Center will occupy about one-third of a pre-existing, single-story structure in the sprawling park.
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