SPRINGFIELD, VA-Best Buy Metro Center comes under new ownership with Grosvenor's acquisition of the 105,000-sf retail property from real estate investment advisor RREEF in a $31 million deal.

UPPER MARLBORO, MD-Two industry heavyweights decide to join forces to create a new 200,000-sf flex/warehouse/office complex to be known as Collington Trade Center. The two-building speculative facility will cost $14 million.

NORFOLK, VA-In a transaction valued at $16.3 million, ownership of the Ramblewood apartment building changes hands. The 300-unit multifamily property boasts an occupancy level that is consistently above 95%.

BALTIMORE-The affordable housing market is due to see an increase in its stable of livable low-income properties with the proposed $100-million redevelopment of the Uplands Apartments.

PRINCE WILLIAM COUNTY, VA-Laying the groundwork for the development of two flex-/office buildings totaling 90,000 sf, developer Buchanan Partners acquires six acres of land at at Innovation@ Prince William.

ARLINGTON, VA-CORFAC International's new president--John M. Owen II, senior vice president of Voit Commercial Brokerage/Corfac International--begins his yearlong tenure with a one-on-one with GlobeSt.com.

ROCKVILLE, MD-Financing to the tune of $15.8 million is arranged for the Pavilion at Rockville, a 95,000-sf retail center anchored by a 13-screen movie theater. Blackacre Capital Management secured the seven-year loan on behalf of the owner from Deutsche Bank Mortgage Capital.

WASHINGTON, DC-After four years as director of public policy and communications, John Bohm heads over to the National Association of Housing and Redevelopment Officials to serve as director of the media department and legislative programs.