CHEVY CHASE, MD-The New Chevy Chase Center at Wisconsin Circle lands a big fish, signing the Mills Corp. to 200,000 sf within the 400,000-sf-sf mixed-use site. Mills will relocate its corporate headquarters from Arlington, VA.
WOODBRIDGE, VA-The Prince William Square Shopping Center, a 233,000-sf retail destination across from Potomac Mills Mall, finds a new owner in Rosenthal Properties LLC.
RICHMOND, VA-Development of the new Richmond Veterans Care Center gets a helping hand, as the US Department of Veterans Affairs offers up a $14.75 million matching funds grant. The state will cover the remaining cost of the $23 million project though bond sales.
WASHINGTON, DC-Ownership of the Hyatt Regency Washington, DC on Capitol Hill changes hands in a deal between seller SHC Capitol LLC and BRE Capitol Hill LLC, a Blackstone Group affiliate.
TYSONS CORNER, VA-Atlantic Realty Cos. takes over the helm at Westwood Park, a 106,500-sf office building among a veritable office compound, of sorts, on Westwood Center Drive. In exchange for ownership rights, the Vienna, VA-based real estate company pays $12.4 million.
WASHINGTON, DC-Federal Reserve chairman Alan Greenspan calls for regulations to taper the growth of mortgage financing corporations Freddie Mac and Fannie Mae at a US Senate Banking Committee hearing.
GAITHERSBURG, MD-Research activity commences as construction crews wrap up development of the behemoth Advanced Measurement Laboratory at the National Institute of Standards and Technology. A joint venture team involving the Clark Construction Group and Gilford Corp. began building the 537,000-sf lab in late 2000.
VIRGINIA BEACH, VA-The Huff, Poole & Mahoney Building, a 32,000-sf office structure just blocks from the popular Pembroke Mall, gets a new owner in a deal between seller TCC-Essex LLC and buyer Racehorse Properties LLC.
ARLINGTON, VA-The State of Virginia is all set to get its first Westin hotel as construction begins on the Westin Arlington Gateway, a 336-room luxury property. The hotel is the last piece of a three-building development that also includes an office structure and a condominium building.