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PRINCE GEORGE'S COUNTY, MD-The 200,000 sf headquarters of the National Center for Health Statistics, now under way, is part of a mixed-use development that will include 1.5 million sf of new office space.
LONDON-Residential specialist FairBriar has added to its expanding London portfolio of serviced apartments with the acquisition of Nell Gwynn House, a prime apartment block in London's Knightsbridge. Within two years FairBriar aims to take its ownership to 1,000 properties.
LONDON-Aberdeen Asset Managers has picked up 117,000 sf of retail warehousing on behalf of Scottish Provident Institution. The multi- million deal is testimony to the current strength of retail warehouse investments and a big boost to confidence in Wales.
PHOENIX-ILX Resorts has named a Marriott Hotels' executive to vice chairman of its board of directors. James Ball will oversee development in Mexico and Kaleidoscope at McCarran, a 44-acre project being built in Las Vegas.
FAR HILLS, NJ-The troubled telecom firm will turn Hamilton Farm Golf Club, the former James Cox Brady estate, over to a Maryland firm for more than $50 million.
ASHBURN, VA-The Baltimore developer is erecting a 50,000 sf building as part of a four-building, 200,000-sf complex on 24 acres. The Merritt project is just one piece of a 227-acre mixed-use development.
NEW YORK CITY-Since the beginning of the year, Manhattan has suffered nearly 6 million sf of negative absorption and seen overall asking rents fall 6%. The highest vacancy rate, 8.7%, was recorded in Midtown South.
LAKEWOOD, CO-The suits are an attempt by the two tenants to cut better deals when they serve as anchors in the new Villa Italia development, says a principal with Continuum Partners LLC, redeveloping the former regional mall.
CHICAGO-CenterPoint Properties Trust will add to its 1.8-million sf airport portfolio with the 800,000-sf O'Hare Express North. The REIT gets a land lease on 49 acres and tax-exempt special facility revenue bonds.