Many of the incentives offered by the federal government to rebuild the Gulf Coast areas devastated by Hurricane Katrina more than a year ago are proving to be cumbersome in some cases and impractical in others. Developers have gravitated to other incentives, like the tax exempt financing provided under the bonding authority granted to Louisiana, Mississippi and Alabama. Now some speculate a $1 billion project is under consideration in Alabama.

WILLIAMSBURG, VA--A 1031 exchange buyer, up against seven others, pays 97% of the list for the 160-key hotel near all the top-tourist draws.

ROCKVILLE, MD-The Philadelphia-based fund has acquired 15201 Diamondback Drive from the National Association of Securities Dealers.

WASHINGTON, DC-The Department of Justice signs a 10-year lease for 174,670 sf to push 1100 L Street NW to 100% occupancy.

WASHINGTON, DC-The Department of Justice signs a 10-year lease for 174,670 sf to push 1100 L Street NW to 100% occupancy.

SILVER SPRING, MD-Angelo, Gordon & Co. retires its grip on the real estate, but holds firm to its land stake in the $73.3-million deal.

SILVER SPRING, MD-Angelo, Gordon & Co. retires its grip on the real estate, but holds firm to its land stake in the $73.3-million deal.

BALTIMORE-Schulweis Realty sells the parking lot for $27.5 million. The new owners now plan to develop a $250-million, 52-story, mixed-use property on the parcel.