RICHMOND, VA-Anchored by five national outlets that are flanked by an additional 120 specialty retailers, the $360 million development is expected to generate nearly $195 million in new net tax revenue over the next 25 years.
RICHMOND, VA- The commercial mortgage-backed securities market had a so-so August, but September is expected to be a stellar month, according to the most recent Barron's/John B. Levy & Co. National Mortgage Survey.
FAUQUIER COUNTY, VA-The 695-acre mixed-use development known as Vint Hill becomes the stomping grounds of Athena Technologies Inc. with the advanced flight control systems manufacturer's lease 13,500 sf of space.
WASHINGTON, DC-Gallery Place, the new one million-sf mixed-use destination to debut next spring, brings in a high-profile list of anchors and specialty retail tenants with apparent ease.
ROCKVILLE, MD-Leasing and management responsibilities for the 176,000-sf office property at 1801 Rockville Pike are awarded to Transwestern Commercial Services. The real estate services company takes the assignment for the six-story, class A building off the hands of Spaulding & Slye Colliers.
FALLS CHURCH, VA-The Suffolk Building at 5611 Columbia Pike welcomes a new lead tenant as the government's Missile Defense Agency commits to 145,000 sf of the 260,000-sf office property. The deal marks a relocation for MDA, which is vacating its current home to make room for a memorial.
MCLEAN, VA-The Cheesecake Factory comes to Tysons Galleria, opening up a 13,300-sf restaurant in the one million-sf regional shopping center. The eatery joins Daily Grill, Legal Sea Foods of Boston and PF Chang's China Bistro.
RICHMOND, VA-Short Pump Town Center welcomes its fifth anchor with the official debut of a two-story, 120,000-sf Nordstrom store. The average asking price for similar retail space in the Richmond area is about $20 per sf.
HAMPTON, VA-Computer manufacturer Gateway Inc. intends to close its local manufacturing plant, a move that will leave the area with an extra 530,000 sf of industrial space available.
LYNCHBURG, VA-The city gets its first Extended Stay America Inc. property with the opening of a new 101-room hotel on University Blvd. The estimated development cost is somewhere around $5.5 million.