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WASHINGTON, DC—While talks continue between the D.C. Building Industry Association and the District over proposed tax assessment changes, trade officials believe commercial property owners will likely not avoid higher taxes in 2015.
MCLEAN, VA—The staff of Fairfax County has given its endorsement to a plan by partners Kettler Inc. and PS Business Parks to raze the 7915 Jones Beach Drive office building here and replace it with a larger residential property.
MONTCLAIR, NJ–Pinnacle Companies Realty Group, the exclusive broker for The Siena, has signed three new retailers at The Siena luxury mixed-use community on South Park and Church Streets: Chocolate Works, the Heritage House restaurant and Jimmy John's gourmet sandwiches.
PARSIPPANY, NJ—Angelic Real Estate financed a three building acquisition of Parsippany office buildings for a joint venture between Red River Asset Management and Lincoln Property Company, then immediately resold one of the buildings to an affiliate of Gramercy Property Trust.