RICHMOND, VA-United Dominion Realty Trust Inc. makes a couple of strategic moves with the recent acquisition of two apartment communities for a total of $50 million .The residential properties--located in Columbia, MD and Riverside, CA, respectively--are both in solid multifamily markets.

WHITE MARSH, MD-Ownership of the 78,600-sf warehouse/industrial structure at 10939 Philadelphia Rd. changes hands for the first time in two decades, as owner JCB Excavating Co. sells the building to JKH Properties in a $2.2-million transaction. JKH plans to subdivide the space for leasing.

DULLES, VA-Developer Buchanan Partners wraps up development on a 105,400-sf condominium/flex building--the first of eight structures that will ultimately be a part of the 57-acre Dulles Trade Center I property. Already, several different businesses have purchased space, claiming 50% of the structure.

ARLINGTON, VA-Three high-level players from the Wall Street investment banking world join forces to form The Velasco Group, a new firm that will focus its attentions on providing debt and equity capital raising services and advice to mid-level market real estate companies.

SPARKS, MD-Leasing activity at the 78,240-sf flex structure in the two-building Loveton Business Park reaches full capacity. Completing the tenant roster at the two-year old property are ADS Corp. and Bionicare Medical Technologies Inc., which committed to 4,500 sf and 5,760 sf, respectively.

WILMINGTON, DE-The 1-million sf retail complex consisting of Brandywine Town Center and Market Square Shopping Center is in line to be snapped up in an $87-million deal. The buyer is a joint venture spearheaded by Port Washington, NY-headquartered REIT Acadia Realty Trust.

WASHINGTON, DC-President Bush inked the terrorism insurance legislation into law this morning, and leaders in the lobbying effort tell GlobeSt.com that the impact should be immediate.

FAIRFAX, VA-Pulte Homes Inc. renews its lease and expands its space at 10600 Arrowhead Dr. in a new seven-year deal. The company takes on an additional 3,872 sf in the 66,200-sf building, bringing its office size up to 22,113 sf.