HERNDON, VA-A $46 million financing deal for the acquisition of the 350,000-sf Dulles Technology Center closes with the assistance of LJ Melody & Co.

ARLINGTON, VA-According to a recent CORFAC International survey, the market will experience a major turnaround in the second quarter of this year.

WASHINGTON, DC-Edison Electric Institute decides to hold on to its location at the Market Square office property on Pennsylvania Ave. and renews the lease on its 77,000-sf space.

ARLINGTON, VA-MeriStar Hospitality Corp., thinking ahead to the impending rebound of the hotel market, announces plans to invest $225 million in renovations. The hotel REIT will spend the next two years upgrading 73 of its hotels.

BALTIMORE-The sale of Baltimore Gas and Electric Co.'s 88-year-old West Tower headquarters structure to the Southern Management Corp. closes with the exchange of $5 million.

GAITHERSBURG, MD-A multi-structure portfolio of industrial/service-retail buildings within Montgomery County Airpark finds a new owner as Atlantic Realty Cos. snaps up the properties in a recent transaction.

ROCKVILLE, MD-A 180,000-sf class A office facility fetches a fistful in a transaction involving Realty Associates Advisers LLC's acquisition of the property from Rockville Office Inc.

VIRGINIA BEACH, VA-One Columbus Center, the only completed class A high-rise office structure in the city, welcomes a new tenant, TransCommunity Bankshares. The bank holding company will make its home in a 4,200-sf space.