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HYATTSVILLE, MD-Finfrock Design-Manufacture-Construct, Inc. of Florida signs on to a design-build agreement for the 1,500 car Prince George's Metro Center parking garage. The company expects construction costs for the six-level, 445,000, sf structure to be about $15 million.
ALEXANDRIA, VA-Animators at Law and Animators.com double their office space with a move into the high-tech wired building at 814 King St. in Old Town Alexandria. The company will occupy 4,800 sf, an entire floor of the 18,000-sf building.
YORKTOWN, VA-The UK-based oil company sells its 600-acre crude oil refinery to Scottsdale, AZ's Giant Industries, Inc. for a whopping $127.5 million; a figure that does not include the additional $42 million Giant will pay for the facility's contents. An Amoco Corp. property until BP's acquisition of the company in 1999, the refinery is the only one in the entire state of Virginia.
RESTON, VA-The 165,000-sf Plaza America Retail Center brings its tenancy to maximum capacity with Baja Fresh Mexican Grill's leasing of nearly 2,200-sf of space for its new restaurant. The current market rate for space at the retail complex is between $34 and $40 per-sf.
CHARLESTON, WV-Hagerstown, MD's Allegheny Energy exchanges 12,000 acres of wetlands for $16 million in a deal with the US Fish & Wildlife Service. The property--valued at $32 million--will become part of the eight-year-old Canaan Valley National Wildlife Refuge.
WASHINGTON, DC-The National Association of Realtors is trying to garner more support for the Community Choice in Real Estate Act by placing ads in the hometown newspapers of various congressional members. The legislation would prevent banking conglomerates from selling and managing real estate.
WASHINGTON, DC-Hillel: The Foundation for Jewish Campus Life has purchased the 45,000-sf building at 800 Eighth St. and is renovating the structure, all for an estimated $18 million. The building is to serve as Hillel's new headquarters.
ROCKVILLE, MD-Crimson Partners sells the Campus at Metro Park North office complex for $30 million to Butera Properties. Accounting for 189,000 sf of class A office space, Metro Park North offers four single-story buildings at the center of the I-270 Technology Corridor.
CAPITOL HEIGHTS, MD-Hampton Overlook office/flex space complex and Hampton South Business Centre warehouse sell for a combined $12.4 million to AFL-CIO Building Investment Trust.
WASHINGTON, DC-Construction engineers for the refurbishment of and addition to the E. Barrett Prettyman US Courthouse building are now in place with the General Services Administration's selection of Pasadena, CA's Jacobs Engineering Group, Inc. for the job. The upgrade and construction of the new 351,500-sf annex constitute a $100 million project.
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