MIDLOTHIAN, VA-The 45,000-sf office building known as Waterford I hits the market and commands $5.2 million. The property, which occupies a five-acre parcel fronting a small lake, is leased to a wide array of tenants and has an assessed value of $3.4 million.
ARLINGTON COUNTY, VA-County officials make way for the development of a larger stable of mixed-use properties--specifically those with residential components--in their neighborhood commercial districts. The board's alteration of two zoning ordinances opens the door wider for such new projects.
WILLIAMSBURG, VA-Developer Great Lakes Cos. stays ahead of the waterpark development curve with the start of construction on its third such family resort property, Great Wolf Lodge, just outside Colonial Williamsburg.
TOWSON, MD-The 150,000-sf Loch Raven Plaza shopping center hits the market and brings in a respectable $10 million. Boston's Shelbourne Properties I Inc. is letting go of the retail property as part of a company-liquidation plan.
WASHINGTON, DC-The class A building at 2445 M St. waves good-bye to part of the staff of its main tenant and welcomes a new occupant, the Advisory Board Co., to take on the vacated space.
WASHINGTON, DC-The US Department of Housing and Urban Development is in for a leadership change now that secretary Mel Martinez has announced plans to leave at the end of this week.
MCLEAN, VA-Freddie Mac tries to put its internal accounting problems in the past and commits to paying a $125 million penalty under a consent order charging the housing mortgage financier with misstating earnings.
FREDERICK, MD-The 500,000-sf Riverside Technology Park opens its gates to a new tenant as Service Master signs on for 9,000 sf of space in the 44-acre compound of flex buildings.
ARLINGTON, VA-Clarendon Centre, a new luxury apartment property with street-level retail space, draws in three tenants accounting for nearly 50% of the structure's 14,000 sf of retail space.