WASHINGTON, DC-Things are looking even brighter for the District's office market next year, as real estate brokerage firm Marcus & Millichap reveals the city has taken the number one spot in its National Office Index for 2004.
GERMANTOWN, MD-The Montgomery College Life Science and Technology Park takes another step closer to realization with the Maryland Department of Business and Economic Development's recent $2 million contribution.
WASHINGTON, DC-About 18 months after it last changed hands, the Jefferson Building gets a new owner with SSR Realty Advisor's $20 million acquisition of the site. The 72,000-sf office structure is currently 83% occupied.
WASHINGTON, DC-The organization found that the three major apartment market indicators all scored over the 50-point mark, an indication that a turnaround in high vacancy rates and negative rent growth could be around the corner.
ARLINGTON, VA- The 155,000 sf Crystal Plaza I welcomes a new tenant as Australia-based network security provider Tenix Datagate decides to relocate its global headquarters to a 4,000-sf space in the building.
WASHINGTON, DC-Law firm Alston & Bird becomes the first tenant to take a big bite out of the 290,000-sf the Atlantic Building office redevelopment by pre-leasing nearly 120,000 sf at the class A complex.
SUFFOLK, VA-Popular since its opening in 2000, Consolidated Harbour View Grande 16 gets a new owner in a deal valued at $12 million. Kansas City, MO-headquartered Entertainment Properties Trust acquired the 3,000-seat movie theater from Harbor View Partners.
LANDOVER, MD-Through an $85-million capital investment, the 55-acre property has been redeveloped as a mixed-use complex offering everything from four-star restaurants, to big-ticket retailers, to a 12-screen movie theater.
OLNEY, MD-A $30 million permanent financing arrangement wraps up for the 200,000-sf Olney Village Center. Property owner Carl M. Freeman Associates turned to Cassidy & Pinkard/iCap for assistance in securing the loan.
WESTMINSTER, MD-Englar Shopping Center is in for a name change and a physical alteration, as owner Greenberg Commercial makes way for a massive $15 million renovation of the property that will now be called Westminster Crossing.