WASHINGTON, DC-A member of Congress and supporters gather on the hill for a press conference to discuss the status of the discharge position for National Housing Trust Fund legislation that has been plagued with inactivity. The discharge, if signed by enough members, will force action on the bill.
LANDOVER, MD-The multifamily market continues to generate heat among investors. The 727-unit multifamily property known as Coopers Crossing finds a new owner in a deal valued at $47.5 million. Federal Capital Realty Partners takes the property off the hands of a partnership involving the Bozzuto Group and Fannie Mae.
WASHINGTON, DC-The DC Sports and Entertainment Commission unveils plans for a new baseball stadium to District officials. The proposed $400-million baseball park would house the soon-to-relocate Montreal Expos team--that is, if Major League Baseball chooses Washington, DC as the team's new home.
SILVER SPRING, MD-Montgomery College chooses the Cafritz Co. to oversee design and development of its new King Street Arts Center, which will house the college's School of Art and Design. The project is expected to cost $33 million to realize.
LANHAM, MD-A $52-million acquisition financing deal wraps up for BECO Park at Forbes Center, a sprawling 600,000-sf business compound of office and R&D facilities. John B. Levy & Co. is the facilitator behind the deal, acting on behalf of borrower Beco Management Inc.
HERNDON, VA-The class A office building at 205 Van Buren St. gets a new owner in a recent deal valued at about $20.8 million. With the assistance of Holliday Fenoglio Fowler LP, TA Associates Realty sells the 129,000-sf property to America's Capital Partners.
HAMPTON, VA-A refinancing package totaling nearly $5.8 million is put in place for the 70,300-sf office property known as Pinewood Plaza. GMAC Commercial Mortgage Corp. is providing the funds, which come in the form of a permanent, fixed-rate loan.
WASHINGTON, DC-Financing to the tune of $38 million closes for 1425 K St., a 214,000-sf premier office property. LJ Melody & Co. facilitated the transaction on behalf of property owner Blake Real Estate Inc. The 12-story structure was recently redeveloped into its current class A incarnation.
WASHINGTON, DC-The 535,000-sf office building at 1800 M St. opens its doors to a new tenant, law firm Zuckerman Spaeder LLP. The firm is leasing 52,500 sf of space under an 11-year agreement and will relocate from its current offices on Connecticut Avenue.
RESTON, VA-Sallie Mae wraps up development of its new 240,000-sf headquarters with a grand-opening ceremony. The $42 million structure, designed by Boggs & Partners Architects, will allow 700 of the education funding provider's area employees to be housed under one roof.