WASHINGTON, DC-The 60,000-sf office building at 475 School St. gets a new owner in a $14.5 million trade between buyer Meritage Properties and seller, an affiliate of Cambridge Asset Management.

ROCKVILLE, MD- The transaction includes two loans for a total of $250 million, and a $300 million revolving credit facility. Proceeds from the transaction will have more than one function.

WASHINGTON, DC-The National Housing Conference takes its opinions to the Hill in an entreaty to Congress for the creation of oversight entities to regulate the affordable housing lending firms.

ROCKVILLE, MD-TA Associates Realty picks up the four-building, 185,000-sf Montrose Office Park for its portfolio in a deal with seller Glenborough Realty Trust.

VIRGINIA BEACH, VA-There's another restaurant on the menu at the 1.8 million-sf mixed-use development known as the Town Center of Virginia Beach, with the Cheesecake Factory's 20-year lease of nearly 12,000 sf.

GREENBELT, MD-Patriot West, the 84,000-sf office structure presently under development at the Patriot Business Park at Golden Triangle, gets a pre-leasing commitment from the Bozzuto Group to occupy 80% of the building.

WASHINGTON, DC-Previously jointly owned by JP Morgan Fleming Investment Management and Carr Realty LP, the class A office building at 1717 Pennsylvania Ave. is now 100% owned by Carr Realty.

BALTIMORE-The Maryland Institute College of Art debuts its new Brown Center for Digital Art & Design that will serve as a school and public event space, as well as a classroom, studio and office facility.