WASHINGTON, DC-The Government Accountability Office rules against Capitol Creag's protest that the General Services Administration's decision to reject a bid by the company is unfair. Capitol Creag had responded to the GSA's request for proposals for the provision of real estate services to the National Office of Realty Services in the acquisition of leasehold interests for government tenants.
METRO WASHINGTON, DC-Atlanta-headquartered Moe's Southwest Grill continues its cross-country expansion with the signing of a franchise deal for 20 new restaurants in the Greater Washington, DC area. Just over four-years-old, Moe's currently has more than 800 franchise agreements in the works.
WASHINGTON, DC-The metro region continues its reign as one of the leading office markets in the country. A recent quarterly report, issued by Advantis Real Estate Services Co., backs up the area's status with numbers and statistics.
BALTIMORE-Design and consulting firm Biohabitats Inc. leases office space at Clipper Mill, an 18-acre mixed-use project currently under development by Struever Bros. Eccles & Rouse Inc. Biohabitats will relocate from neighboring Timonium to a 7,500-sf space at Clipper Mill's 39,000-sf office segment.
BALTIMORE-Debt and equity services provider MuniMae breaks its own record by closing a $319-million tax equity fund, the multifamily property financier's largest to date. The proceeds, which were raised from 16 corporate investors, will be applied toward the financing of 61 multifamily properties.
BALTIMORE-Debt and equity services provider MuniMae breaks its own record by closing a $319-million tax equity fund, the multifamily property financier's largest to date. The proceeds, which were raised from 16 corporate investors, will be applied toward the financing of 61 multifamily properties.
WASHINGTON, DC-A ground-breaking ceremony marks the start of development for Kenyon Square, a new 153-unit condominium property located adjacent to a Metro station in the city's Columbia Heights neighborhood. The $60-million project is on target to reach completion in two years.
HAGERSTOWN, MD-Plans for the Cortland Manor Apartments move forward as Ventura Commercial Mortgage Co. closes on $18.5 million in financing for the purchase of a 54.5-acre parcel and the development of the 462 residential units. The financing will facilitate the first phase of the garden-style property.
WASHINGTON, DC-Developers of two class A office buildings in the District select Centex Construction to serve as the general contractor. The Fairfax, VA-based company will spearhead construction of the 517,600-sf building at 1101 New York Ave. NW and the 561,500-sf facility at 25 Massachusetts Ave. NW.
ARLINGTON, VA-Refinancing to the tune of $107 million closes for a four-property portfolio in Northern Virginia and Suburban Maryland. The loan allows the borrower to take advantage of low interest rates, and to finance the conversion of an apartment community here into a condominium property.