ARLINGTON, VA-A Pennsylvania-based real estate company Korman Communities makes its debut in the Washington, DC-area market with the $25.5-million acquisition of The Atherton, a 123-unit apartment community. Korman officials plan to make major additions to the barely one-year-old property.

WASHINGTON, DC-Ownership of the barely three-year-old office structure at 1808 Eye St. changes hands in a $12.9-million deal between seller CG Investments and buyer Washington Brick & Terra Cotta Cos. The nine-story, 32,500-sf building has a 2004 assessed value of about $12 million.

WASHINGTON, DC-The 171-unit luxury apartment property to be known as Andover House takes a big step toward realization as developer LCOR Inc. breaks ground on the $40 million development.

SILVER SPRING, MD-The multi-structure WesTech Business Park is nearly all full, as five lease renewals and new lease agreements bring the flex office park's occupancy level up to 95%. Property owner Grosvenor still has the option to develop an additional 600,000 sf on the site.

LINTHICUM HEIGHTS, MD-BWI Technology Park, the 97-acre business compound developed by MIE Properties Inc., gets its first occupant as specialty pharmacy IgG America commits to a 7,500-sf space within a 72,000-sf building on Progress Drive. The park is MIE's sixth such development in the area.

ARLINGTON, VA-The Market Commons--a one-year-old, highly successful retail and residential development--gets a new owner as the Teachers Insurance and Annuity Association of America acquires the property for a whopping $166 million from Market Commons developer McCaffrey Interests Inc.

WASHINGTON, DC-The Washington office market continues to be a favorite among investors, as evidenced by Connecticut-based Broadway Real Estate Partners' $185 million acquisition of Washington Harbour.

HAMPTON, VA-Portfolio Recovery Associates, a defaulted receivables collector, has added to its stable of office space with its recent leasing of a 21,000-sf space to house its third call center. The new location is in the NetCenter building, the former home of Newmark at North Mall.