ANNAPOLIS, MD-The National Investment Center for the Seniors Housing & Care Industries finds that most seniors choose non-age specific rental apartments instead of senior living communities.
ARLINGTON, VA-The $50 million makeover and expansion of Woodbury Park moves forward. The project will have a total of 571 rental and condominium units, 312 of which will be set aside as affordable housing.
BALTIMORE-CB Richard Ellis moves strengthen its activity in the Baltimore-Washington area investment sales market by bringing in industry heavy-hitter Robert T. Cashman to head up the regional sales activities from the office here.
PRINCE FREDERICK, MD-Development of the 92-acre Patuxent Business Park moves forward with the state's donation of $2.5 million to facilitate the building of the campus's first structure, a 22,000-sf class A office facility.
LANDOVER, MD-A one-time milk plant in the Cabin Branch Distribution Center is on target to become a combination office/warehouse property, now that Manekin LLC has gotten to work on redeveloping the 90,000-sf structure.
COLUMBIA, MD-The Rouse Co. negotiates a deal to make its longtime home its own by purchasing its corporate headquarters building from American Real Estate Holding LP in an $11 million transaction.
MERRIFIELD, VA-The 255,000-sf three-structure medical office property leaves the portfolio of its developer, Atlantic Realty Cos., for that of Washington Real Estate Investment Trust in a $78 million deal.
VINTON, VA-Roanoke County prepares to welcome Prairie, MN-headquartered Cardinal Glass Industries, now that the company has chosen to locate a $24 million, 220,000-sf manufacturing facility in the Vinton Business Center.
WASHINGTON, DC-The the FHA Multifamily Loan Limit Adjustment Act of 2003, which increases mortgage loan limits for multifamily projects in high-cost areas, makes its way through the US House of Representatives.
ROCKVILLE, MD-The largest office building in Montgomery County, the 1.7-million sf Parklawn Building, will get new owners as Carlton Equity Exchange secures $168 million in financing for an affiliate of Cammeby's International Ltd. According to county records, Parklawn has a 2004 assessed value of $98 million.