LINTHICUM, MD-The recently renovated 100,000-sf building known as Airport Square I welcomes a new tenant as Northrop Grumman Corp. signs a lease on the entire space for its electronic systems sector.
WASHINGTON, DC-Legislation, designed to institute greater control over government-sponsored enterprises including Fannie Mae and Freddie Mac, would have an adverse effect on housing in the US, the National Association of Home Builders reports.
WASHINGTON, DC-A financing deal closes for the construction of Quincy Court, a 136-unit condominium project in the District. Corus Bankshares Inc.'s Corus Bank facilitated a $35-million construction loan on behalf of the developer, an affiliate of Carr Enterprises LLC.
LINTHICUM, MD-SpringHill Suites at Baltimore-Washington International Airport becomes the property of Ashford Hospitality Trust Inc. in a recent deal valued at nearly $16 million.
WASHINGTON, DC-The office buildings at 1201 and 1225 New York Ave. become joined in the financial ledgers as the owner secures a refinancing package that allows for the combination of two previous loans into one loan secured by the buildings as one joint property.
SILVER SPRING, MD-After considering Washington, DC, a new cable channel decides to make its home in Montgomery County instead. TV One will establish its new world headquarters in a 16,000-sf space at the Atrium at Station Square in June.
ST. MARY'S COUNTY, MD-An eight-building office portfolio hits the market and brings in $51.5 million. Corporate Office Properties Trust becomes the new owner of the collection of office and flex structures, which are located in two different office parks.
LANHAM, MD-A new leasing team takes over at Southgate at Washington Business Park, a 440,000-sf portfolio of office, flex and warehouse buildings. First Industrial Realty Trust Inc. taps Transwestern Commercial Services for the Job.
WASHINGTON, DC-The National Multi Housing Council and the National Apartment Association reveal current housing priorities in their public policy agenda for the year. The organization's Joint Legislative Program recognizes the importance of homeownership but focuses its agenda on the growing demand for rental housing.
WASHINGTON, DC-Brookfield Properties Corp. becomes the official owner of Edison Place, a 550,000-sf office tower, with the closing of a $167.1-million acquisition of the class A property. The three-year-old building is home to the corporate offices of energy company Pepco.
