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FAIRFAX, VA-The Democracy Square Office Building becomes the property of RG Acquisitions LLC in a cash transaction valued at $8 million. The 60,000-sf, three-story property is currently 92% leased, and the new owners expect it to be fully occupied by the start of 2003.
WASHINGTON, DC-The Mortgage Bankers Association of America comes out again for terrorism insurance legislation as Fitch downgrades nine AAA classes from three single CMBS transactions due to insufficient or non-existent terrorism insurance coverage. The certificates involve nearly $834 million.
ALEXANDRIA, VA-The 280,000-sf Alexandria Corporate Park gets a new occupant with the General Services Administration's recent 10-year lease commitment to 60,000 sf in the Bren Mar Drive complex. The GSA will house offices of the Federal Protective Service in the space.
FAIRFAX, VA-Parvizian Masterpieces commits to 24,000 sf of space in the 268,000-sf Fairfax Shopping Center. The new locale is the rug and furniture outlet's fourth store in the Washington Metropolitan region.
DULLES, VA-Nordstrom opens at the 1.4 million-sf Dulles Town Center, becoming the shopping mall's fifth anchor store. The 144,000-sf fashion retail store occupies a two-story space in a newly built portion of the mall.
BALTIMORE, MD-The Hearing and Speech Agency is online to construct a $7 million, 47,800-sf facility in the 157-acre Seton Business Park. The organization recently attained the Baltimore City Board of Estimates' approval to acquire a 3.2-acre plot on which to build the new center.
WEST CREEK, VA-Motorola Inc. announces it will not build the $3-billion semiconductor facility that has been in the works--off and on--since 1995. Now the 362-acre property acquired for the planned 1.5-million-sf facility at West Creek Business Park goes on the market.
RICHMOND, VA-The Richmond Society to Prevent Cruelty to Animals debuts its new local headquarters with the opening of the $14-million Robins-Starr Humane Center. The 64,000-sf complex on Hermitage Road is the organization's first state-of-the-art-facility and will serve as a model for SPCA buildings to come.
BALTIMORE, MD-Mercy Health Services announces a new $42-million expansion project that will serve as a previously unplanned second phase of the $118-million development project currently in progress.
BEAUMEADE, VA-Beaumeade Technology Campus--the two-building, 132,000-sf complex within Beaumeade Corporate Park--sells to Nottingham Properties in a deal with previous owner Beacon Capital Partners. Transwestern Commercial Properties is handling the management and leasing activity at the property, which is currently about 34% occupied.
From 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 TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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 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 TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
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 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