LAUREL, MD-Engineering consulting firm Greenhorne & O'Mara commits to leasing a 65,000-sf build-to-suit office facility in the new Konterra at Sweitzer Lane office park. The company will relocate its headquarters from Greenbelt, MD to the new property late next year.
WASHINGTON, DC-Coldwell Banker Commercial Capitol Realty Services, the newly created local affiliate of Coldwell Banker Commercial, continues to fan out in the Metro area by bringing in industry veteran Michael Paukstitus to court institutional real estate owners.
RESTON, VA-The Alexan Reston Town center and its sister property, Market Street at Reston Town Center, are ready for occupancy. The multifamily offerings began as one big apartment community, but finished as a 700-unit combination condominium and apartment destination.
ROCKVILLE, MD-Park Plaza I, a 130,000-sf class A office structure, welcomes Northrop Grumman Information Technology to its premises. The company is taking 52,000 sf of space in the six-story structure, marking one of the largest leasing deals in North Rockville in the last year.
WASHINGTON, DC-A refinancing package totaling $18.5 million is put in place for the Churchill Hotel, an historic upscale destination just outside of the trendy Dupont Circle area. Acting on behalf of the owner, LJ Melody orchestrated the floating-rate loan from CDC Mortgage Capital Inc.
ALEXANDRIA, VA-The Hilton Alexandria Old Town changes hands in a recent $59-million deal. LaSalle Hotel Properties takes the 241-room hotel off the hands of LNR Property Corp., the real estate company that developed the hotel four years ago.
ARLINGTON, VA-The tenant roster at the 113,000-sf office building known as Courthouse Place expands with collection systems provider Govolution's signing of a lease on 15,000 sf. The company currently maintains its headquarters in Washington, DC.
WASHINGTON, DC-The apartment industry breathes a sigh of relief as a newly released government-sponsored report concludes that mold plays no role in inducing cancer and neurological problems, as has been suggested in the past. The mold issue has plagued the multifamily industry for the last five years.
WASHINGTON, DC-A $100-million museum is set to be the centerpiece of the one-million-sf L'Enfant Plaza revitalization project in Southeast Washington, DC. The Capital Children's Museum will build a new 140,000-sf locale at the site and rename itself the National Children's Museum.
ASHBURN, VA-Construction begins for a new 90,500-sf research complex at George Washington University's Transportation Research Institute at the Virginia Campus. The $14 million facility will house an indoor crash test facility, as well as office and additional lab space.
