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BALTIMORE, MD-The $70-million residential and retail project called Centerpoint gets underway with an official groundbreaking ceremony. Upon its expected 2004 completion, the development will encompass nearly 400 residential units, 35,000 sf of retail space, and a 400-space parking garage.
WASHINGTON, DC-Two Class B buildings accounting for 215,000 sf of space sell for $48.125 million in a package deal to AEW Capital Management, acting on behalf of Lucent Technologies Inc. Master Pension Trust.
WESTMINSTER, MD-Carroll County General Hospital gets moving on its $80-million expansion with a groundbreaking ceremony. The project entails the addition of a 113,000-sf bed tower and the 25,000-sf renovation of the emergency room. The completion date is set for 2004.
SPRINGFIELD, VA-The 1,122-space parking garage will open in 2003. The state of Virginia and Fairfax County are funding the new six-level facility, which will complement the existing 4,100-space garage.
NORFOLK, VA-Construction of the $40-million class A office development at 150 W. Main has been completed and tenants are ready to occupy the 10-story, 224,000-sf office space and 10-story garage. The structure is now the fifth-tallest building in the city's downtown area.
WASHINGTON, DC-A request for proposals for the redevelopment of the District's soon-to-be-demolished, 10.5-acre convention center site may go out this summer, as Mayor Anthony A. William makes a formal request to the DC City Council to allow the issuing of the RFP.
WOODLAWN, MD-The 177,000-sf former JC Penney outlet in the Security Square Mall is about to be sold to Baltimore, MD's MIE Properties Inc. in a $2.2 million deal. The two-level space has been vacant since the retailer closed its store there in August.
COLUMBIA, MD-In a $16 million transaction, the 145,806-sf building at 7000 Columbia Gateway Drive becomes Corporate Office Properties Trust's 15th property in the multi-structure Columbia Gateway Business Park.
FAIRFAX COUNTY, VA-A joint venture between Atlanta, GA's Trammell Crow Residential and Saudi Arabia's The Olayan Group breaks ground on Alexan Fairfax Ridge, a 420-unit luxury apartment complex in western Fairfax. The upscale apartment community will be TCR's sixth Alexan development project in the Washington metro area.
WASHINGTON, DC-As Moody's puts 14 CMBS on the downgrade watch list due to insufficient terrorism coverage, the Mortgage Bankers Association implores the Senate to pass terrorism insurance legislation immediately.
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 TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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.
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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 TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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