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WASHINGTON, DC-Boston Properties pockets $345 million in the sale of its One and Two Independence Square properties to Wells Real Estate Investment Trust. Developed in the early 1990s, the class A office buildings account for a total of nearly 950,000 sf of space on E St. in the District's southwest area.
VIRGINIA BEACH, VA-The State welcomes Israeli secure identification card manufacturer SafeCard ID Inc., which is opening its headquarters in a 20,000-sf space in Oceana Commerce Park. Virginia beat out Colorado, Maryland, New York, the UK and Israel for the $10-million project.
FAIRFAX, VA-The AMS Building--the 264,000-sf, class A office structure at 12601 Fair Lakes Circle--gets a new owner with Prentiss Properties Trust's $55-million purchase of the property from Gilbane Building Co. American Management Services has a lease on the entire building through 2011.
FAIRFAX, VA-The AMS Building--the 264,000-sf, class A office structure at 12601 Fair Lakes Circle--gets a new owner with Prentiss Properties Trust's $55-million purchase of the property from Gilbane Building Co. American Management Services has a lease on the entire building through 2011.
RESTON, VA-Two Freedom Square gets another new tenant with information technology company High Performance Technologies' leasing of an entire floor in the 424,000-sf building. HPT will relocate its Arlington, VA-based headquarters to the new 22,640-sf space. The building is now 75% leased.
BALTIMORE, MD-Plans to facilitate the $19-million emergence of a new 116-room Hampton Inn & Suites from a an historic office building move forward with a $3.5-million financing package from Texas's Hall Financial Group and North Carolina-based Winston Hotels Inc.
WYTHEVILLE, VA-The Pepsi Bottling Group Inc. chooses Virginia over West Virginia for the site of a new 300,000-sf, $65-million bottling plant. Site work on the facility is already under way.
NORFOLK, VA-Continuing its strategy of disposing of assets to optimize returns, Harbor Group International sells two of its holdings for a total of $8.2 million. The deal involves the 140-unit Tivoli Apartments and the 54,144-sf Woodlawn Village shopping center.
WASHINGTON, DC-For all intents and purposes, terrorism insurance legislation is now a sure thing. The US Senate signed off on the bill last night, marking the close of the lame-duck session. President George W. Bush is expected to sign the legislation immediately.
WASHINGTON, DC-Congress passes the FHA Downpayment Simplification Act of 2002--legislation that will eventually make it easier for developers to build affordable housing.
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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