BALTIMORE-The Board of Estimates closes on the sale of nearly $8 million in bonds to help facilitate the development of Clipper Mill, a $58-million mixed-use development on the former site of a machine plant. The project will include housing and office space.
WASHINGTON, DC-Law firm Collier Shannon Scott decides there is no place like home and signs an early lease renewal on its 117,000 sf of space at the 537,000-sf Washington Harbour office compound. The deal marks the largest lease in the Washington, DC office market for 2004, so far.
WASHINGTON, DC-One Metro Center, a 415,000-sf class A office building in the East End, welcomes a new tenant as law firm Manatt, Phelps & Phillips signs on for approximately 25,500 sf of space. For Manatt Phelps, the deal helps facilitate a relocation.
BALTIMORE-The first phase of a $200-million project moves forward with the city Planning Commission's approval of rezoning to accommodate the development. Part of the project involves the redevelopment of a former grain elevator into condominiums.
ARLINGTON, VA-Signing leases for 400,000 sf, the US Environmental Protection Agency will now be able to consolidate under one roof. The government agency will make its home at the $2-billion mixed-use Potomac Yard development that is currently under way.
GLEN BURNIE, MD-Regency Club Apartments I & II, accounting for a total of 316 residential units, find a new owner in MHP Investments. The fully occupied apartment properties brought in an aggregate $30 million for their two separate owners.
BELCAMP, MD-Leasing activity in the Baltimore suburb of Belcamp is on the verge of recovering from a long-term slump, and Rite Aid's recent leasing of a 250,000-sf warehouse serves as evidence of an impending recovery. The deal puts a small dent in the 11.1% vacancy rate in Harford County.
WASHINGTON, DC-The class A office building at 901 F St. is up for lease--and up for sale. Property owner ICG puts real estate services firm CB Richard Ellis in charge of finding the building a new owner, and leasing up the remaining 19,000 sf available in the 113,000-sf structure.
ARLINGTON, VA-Plans for a new mixed-use property featuring 625,000 sf of office space move forward with the establishment of a joint venture involving the JBG Cos., Trizec Properties Inc. and CIM Group. In addition to office space, the development, Waterview, will feature retail space, as well as a hotel and residential units.
WASHINGTON, DC-Starwood Urban LLC is putting a 1.2-million-sf portfolio of office, retail and residential properties up for sale. The asking price for the entire package, with properties in urban locations from New York to Miami, is a healthy $500 million.
