WASHINGTON, DC-With low vacancy rates and high rents in the office market, and sky-high prices and consistently strong demand for apartments and condos, the DC market is on a roll. The question of how long the good times will last is one of the leading topics to be mulled over by more than 500 industry leaders at the RealShare Washington, DC conference tomorrow, March 1.
ARLINGTON, VA-The Arlington County Board approves plans for the development of a 176-room Marriott Residence Inn site plan. The hotel, which will also feature 4,000 sf of ground-level retail, is on target to open in 2008 at Courthouse Plaza.
UPPER MARLBORO, MD-MTM Building Developer spends $22.5 million for Washington Plaza I & II. The office buildings account for nearly 200,000 sf of class A space. As of the time of the transaction, they had an occupancy level of 92%.
UPPER MARLBORO, MD-The Village of Churchill's Choice, a 192-unit rental community in Prince George's County, comes under new ownership. The property will continue to operate as an apartment community.
WASHINGTON, DC-The American Institute of Certified Public Accountants takes a look at potential homes around the District and Northern Virginia, but decides to stay put at the Willard. The firm commits to a new lease on 17,600 sf in the 243,000-sf building at 1455 Pennsylvania Ave. NW.
WASHINGTON, DC-Following an 18-month investigation of Fannie Mae, an official third-party report places the blame for the troubled mortgage lender's financial woes primarily on internal accounting procedures spearheaded by former executives.
WASHINGTON, DC-Long-awaited development plans for the former Camp Simms National Guard property are about to take shape. When the dust clears, the Shops at Park Village, will deliver 112,000 sf of retail.
WASHINGTON, DC-Long-awaited development plans for the former Camp Simms National Guard property are about to take shape. When the dust clears, the Shops at Park Village will deliver 112,000 sf of retail.
ROCKVILLE, MD-Federal Realty Investment Trust reports its earnings for Q4 '05, painting a picture of a quarter and an entire year of positive growth. Net income available for common shareholders was $32.3 million for the last three months of 2005.
WASHINGTON, DC-Meany & Oliver Cos. Inc. nails leasing responsibilities for Mount Vernon Place, the 2.2-million-sf mixed-use project being developed in the Mount Vernon Triangle. Quadrangle Development Corp. and the Wilkes Co. are the developers.