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.
WASHINGTON, DC-Mitretek Systems Inc. commits to 9,000 sf of class A office space at the Capital Gallery, a 400,000-sf complex at 600 Maryland Ave. The research and system engineering organization will continue to maintain its headquarters in Falls Church, VA.
BALTIMORE-It was over 10 years in the making, but Johns Hopkins University is bringing to a close the expansion of its Bloomberg School of Public Health with a dedication ceremony for the final facet of the grand development endeavor. The final $55-million phase of project leaves the facility with an additional 200,000 sf of space.
WASHINGTON, DC-There has been some question in corners of the insurance industry about whether the Terrorism Risk Insurance Act of 2002 actually covers losses incurred from nuclear, biological or chemical attacks. So, the Coalition to Insure Against Terrorism goes to the Treasury for answers, and gets them.
NORTHERN VIRGINIA-Two area office properties turn over leasing activities to Jones Lang LaSalle Inc. The firm will take charge of keeping the tenancy up at a 244,000-sf building in Reston, and it will also handle both leasing and management at a 142,000-sf building in Arlington.
WASHINGTON, DC-Revealing its first quarter results, Fannie Mae owns up to a 2% decrease in earnings. The mortgage lender's net income experience a decline from $1.94 billion in during the first quarter of 2003, to $1.89 billion a year later.
FORT WASHINGTON, MD-A $10.5 million in financing is put in place for Boone Properties' purchase of the River Pointe apartment community. LJ Melody & Co. Bank of America is putting up the funds for the acquisition of the 170-unit residential complex.
OXON HILL, MD-The fight to rid the county of blight takes a big step forward with today's conclusion of demolition of the Georgian Garden Apartments complex, a long ago abandoned multifamily property.
LEESBURG, VA-Marketplace at Potomac Station, a 100,000-sf shopping center, opens a Giant Food store, paving the way for the completion of the retail destination. An additional 15 retailers are expected to open their doors there soon. Developer Edens & Avant is spending $30 million to realize the project.
PORTSMOUTH, VA-A new tenant signs on for space at Elmhurst Square I, a 63,000-sf shopping center anchored by a Food Lion grocery store. Agape of Virginia's Agape Christian Bookstore will occupy 1,100 sf of space at the retail destination.