WASHINGTON, DC-A new CVS/Pharmacy store opens in the underserved Brightwood community with a ribbon-cutting ceremony today. The 10,100-sf locale is the first of the four-year-old CVS pharmacy prototype, which includes a drive-thru window option, to open up in the District.
ASHBURN, VA-Business is looking good for Equinix Inc. so the company is taking on an additional 95,000 sf to accommodate more data center activity. The new addition, which sits adjacent to the existing data center, increases the capacity by 50%.
RICHMOND, VA-Infineon Technologies breathes new life into a four-year-old plan for expansion. After a delay prompted by economic conditions, the semiconductor manufacturer is now all set to build the 500,000-sf addition to the nearly 800,000-sf campus of the Germany-headquartered company.
WASHINGTON, DC-Leasing activities at 601 Pennsylvania become the responsibility of real estate services firm CB Richard Ellis. One of the company's biggest tasks at the 185,000-sf office property will be securing a tenant, or tenants, for an impending 85,000-sf vacancy.
VIRGINIA BEACH, VA-The 835,000-sf retail segment of the new two-million-sf Town Center at Virginia Beach mixed-use compound continues to fill up with tenants as Galyans Trading Co Inc. commits to 84,000 sf of space for its sports and outdoor adventure store.
BALTIMORE-MuniMae gets off to a good start in 2004. The multifamily debt and equity services company announces that it facilitated $413 million in multifamily property financing during the first quarter of the year. MuniMae also raised over $90 million in tax credit equity.
RESTON, VA-Plaza America III welcomes a new tenant to its class A digs as information technology and homeland security services firm STG Inc. relocates its headquarters to the 275,000-sf building. The company's 200 employees will occupy a 66,000-sf space, leaving behind its former Fairfax, VA home.
ELLICOTT CITY, MD-A luxury multifamily property with a price tag of $28.7 million catches the eye of buyer Stellar Advisors LLC. The Rockville, MD-based real estate company is now the new owner of the 204-unit Ashton Woods apartment complex in the Howard County area.
WASHINGTON, DC-Financing to the tune of $77.2 million is arranged for the purchase of Maritime Plaza I & II, two office buildings accounting for a total of 345,700 sf of class A office space. Holliday Fenoglio Fowler LLP facilitated the deal on behalf of the buyer, The Bernstein Cos. affiliate Consortium Three LP.
WASHINGOTN, DC-It's a done deal. After weeks of gossip, locally based Wilmer Cutler Pickering decides to join forces with Boston's Hale Dorr. The two law firms, to be known as Wilmer Cutler Pickering Hale and Dorr, participate in a substantial amount of legal work in the real estate industry.
