WASHINGTON, DC-The Mortgage Bankers Association is gearing up to urge Congress to renew the Terrorism Risk Insurance Act of 2002 before the legislation's Dec. 31, 2005 expiration date.
BALTIMORE-Everything old is new again Downtown with official completion of the Munsey, a 146-unit luxury apartment, that previously served as an office building since its original incarnation in 1918.
NEW YORK CITY-Corporate headquarters space for tobacco giant Phillip Morris is in the process of being relocated from 120 Park Ave. here to Richmond, VA. It is expected to be completed by June 2004.
FAIRFAX, VA-Tetra Tech Inc. renews and expands its commitment to office space at Willow Wood Plaza II by singing on for a nearly six-year renewal of its current 36,000-sf digs, and by adding about 5,500 sf to that number.
DULLES, VA-Two more spec office/flex structures are in the works at the 57-acre Dulles Trade Center I business park. Buildings A and B, which will account for 115,000 sf of space, are being developed.
WASHINGTON, DC-The 173-unit Capital East Apartments complex gets refinanced to the tune of $5 million with the assistance of GMAC Commercial Mortgage Corp. The fixed-rate refinancing package comes from Fannie Mae.
VIRGINIA BEACH, VA-LifeNet gets started on a 170,000-sf headquarters. The $40 million endeavor will allow the federally designated organ tissue distributor to expand and consolidate four area offices under one roof.
WASHINGTON, DC-The class A office building going up at 500 New Jersey Ave. has a management and leasing team in place, with the selection of Cassidy & Pinkard.
METROPOLITAN WASHINGTON, DC-Two offshoots of arts and crafts company Michaels Stores Inc. will make their debut in the suburbs of Washington, DC with the help of JBGR Rosenfeld Retail.
BETHESDA, MD-LaSalle Hotel Properties gets its hands on a new $215-million senior unsecured bank facility that replaces a pre-existing facility due to mature at the end of the year.