SILVER SPRING, MD-Tenants of London Terrace Townhouse Apartments, a 61-unit multifamily community located off the Capitol Beltway, take over ownership of the property.
NORFOLK, VA-Harbor Heights gets a big commitment from Tidewater Community College, as school officials sign on to occupy 70,000 sf of space at the 476,000-sf mixed-use property. Developers Robinson Development Group and Stanton Partners will spend $38 million to complete the combination residential, office and retail property.
HERNDON, VA-Guardian Technologies makes the move to a new headquarters location. The relocation takes the company away from its former base in Dulles, VA, and allows it to consolidate other offices into one centralized location with room for growth.
WASHINGTON, DC-The Global Office Occupancy Costs Survey, an annual report released by DTZ Debenham Tie Leung and the Staubach Co., finds that Washington, DC saw the biggest increase in occupancy costs among all the other major metropolitan cities in North America.
MCLEAN, VA-Two class A office buildings land in the hands of a joint venture involving American Realty Advisors and affiliates of Quadrangle Development Corp. The structures, which account for a total of 355,000 sf, are located in the popular Tysons Corner submarket.
WASHINGTON, DC-The recent $34 million purchase of a vacant 2.5-acre parcel in the District paves the way for development of a one million-sf mixed-use property. NorthMarq Capital Inc. arranged financing for the land purchase on behalf of developer J Street Development and a joint venture partner.
NORTH BETHESDA, MD-AEW Capital Management, acting on behalf of property owner 10401 Fernwood LLC, calls on the assistance of Transwestern Commercial Services to take over leasing activities at the 219,000-sf office building at 10401 Fernwood Rd. The task was formerly in the hands of Hines.
WASHINGTON, DC-One of the District's preeminent office properties, the 416,000-sf One Metro Center, will soon hit the market. Rumor has it that property owner and developer Tishman Speyer could get as much as $575 to $650 per sf for the class A structure.
WASHINGTON, DC-One of the District's preeminent office properties, the 416,000-sf One Metro Center, will soon hit the market. Rumor has it that property owner and developer Tishman Speyer could get as much as $575 to $650 per sf for the class A structure.
MERRIFIELD, VA-Dominion One, a 209,000-sf office facility, finds a new owner in the Fairfax County Public Schools. In addition to the existing office building, the school board is also taking over ownership of the neighboring three-acre parcel that will ultimately become home to Dominion Two.