LAUREL, MD-The two-decade old Babies 'R' Us readies for its $4 million upgrade and manages to increase the occupancy level at the same time by securing two new tenants.
WASHINGTON, DC-It is the end of the road for Marriott's involvement in the senior living real estate business as the company dispenses of its last Brighton Gardens assisted living communities in a $184 million deal.
PRINCE WILLIAM COUNTY, VA-New schools and daycare centers sprout up as general contractor RW Murray Co. commits to overseeing the development of three such facilities with a total value of approximately $3.6 million.
GLEN BURNIE, MD-The Quarterfield Crossing apartment complex sells for $11.5 million. Having purchased the 203-unit property for $5 million and investing $2 million in upgrades, Harbor Group International turns a profit of $4.5 million.
HERNDON, VA-Ownership of the 227,000-sf office building that is home to software company Computer Associates changes hands as Prentiss Properties Trust purchases the property from a real estate fund for $51.5 million.
RICHMOND, VA-Details of the financing arranged for the recent acquisition of Forest Office Park has come to the fore. GMACCM subsidiaries crafted a package that included $33 million in debt financing and $10.5 million in equity investment.
WASHINGTON, DC-In a deal that reportedly hit the $100 million mark, at minimum, the 303,000-sf office structure at 800 North Capitol St. becomes the property of Galaxy Investments Inc.
VIRGINIA BEACH, VA-The 1.3 million-sf Lynnhaven Mall comes under new ownership with General Growth Properties' recent acquisition of the shopping center in a $256.5-million transaction.
VIRGINIA BEACH, VA-Taking on 5,000 sf of space to house its kitchen and diners, California Pizza Kitchen opens its doors at the 1.8 million-sf, mixed-use development known as the Town Center of Virginia Beach.
SUFFOLK, VA-With construction under way, Bridgeway Technology Center II is expected to be standing and ready for occupants this February. The 67,500-sf flex facility is being built as a spec property and will cost $7 million to develop.