ROCKVILLE, MD-In a transaction valued at $18.5 million, Washington Real Estate Investment Trust takes over ownership of Shady Grove Medical Village II. Featuring 66,000 sf of space, the five-year-old medical property is fully leased, with Children's Hospital as a major tenant.

FALLS CHURCH, VA-The city council signs off on a new mixed-use endeavor proposed by Atlantic Realty Cos. The project calls for the development of a property with 230 units of residential condominiums, 75,000 sf of office space, a 22,000-sf retail segment and more.

SOLOMONS, MD-Solomons Towne Center, a 107,000-sf shopping center, gets refinanced to the tune of nearly $8 million Walker & Dunlop orchestrated the transaction for the owner of the Chesapeake Bay area property.

DULLES, VA-Development of Dulles Trade Center, an in-progress business park that will ultimately contain 750,000 sf of flex/warehouse/office space, continues at rapid pace as developer Buchanan Partners breaks ground on three additional office condominium structures totaling 175,000 sf.

WASHINGTON, DC-Storehouse signs on for nearly 7,300 sf of ground-level retail space at the Lofts 14, a 37-unit condominium redevelopment project. The lease is indicative of a trend in which a slew of home furnishings stores are popping up all across Metropolitan Washington, DC.

WASHINGTON, DC-The American Red Cross Headquarters Building, a designated national historic landmark property, prepares for a major makeover as Clark Construction Group LLC's Clark Interiors gets to work on the $13-million demolition and modernization endeavor. The project is due to wrap up in June 2005.

WASHINGTON, DC-The housing pool gets bigger for George Washington University students as construction reaches an end on a 319,000-sf residence hall. The school spent $42 million to complete the 202-unit property, which also features a 10,000-sf food court and a computer lab.

WASHINGTON, DC-A permanent financing package accounting for $33 million is put together for the XM Satellite Radio headquarters office building at 1500 Eckington Place. LJ Melody & Co. orchestrated the deal on behalf of property owner XM 1500 Eckington LLC.