WASHINGTON/BALTIMORE REGION-Edens & Avant gets cracking on the $45 million development of two retail centers--the 86,460-sf Arundel Village and the 96,340-sf Marketplace at Potomac Station--which are set to open next spring.
ASHBURN, VA-Winthrop Investment Group picks up a seven-acre parcel of land for $1.45 million in the Broad Run Business Park. Winthrop is planning a 76,500-sf industrial building for the site.
BALTIMORE COUNTY-Three apartment communities find three different new owners in a recent deal totaling $66.3 million. The Town and Country Trust's decision to sell the properties is reflective of the company's plans to infuse its portfolio with newer communities.
WASHINGTON, DC-Phillips Realty Capital comes through with $17 million for Guardian Realty's purchase of the 80,000-sf office property at 1000 Vermont Ave. The Bernstein Cos. is selling the class B building for $21 million.
WASHINGTON, DC-A research affiliate of the National Housing Conference releases a study on immigrant housing that concludes that the increasingly growing segment of US residents is 70% more likely than US-born residents to spend more than half its monthly income on housing.
ARLINGTON, VA-Plaza East gets a new leasing agent as property owner Bristol Group Inc. taps Spaulding & Slye Colliers to handle activity at the 240,500-sf office building that carries the address of 1800 N. Kent St.
WASHINGTON, DC-The office building at 2101 L St. becomes part of the Charles E. Smith Commercial Realty Division of Vornado Realty Trust in a $77 million transaction. The 370,000-sf structure has a prominent location in the city's CBD.
MONONGALIA COUNTY, WV-It's a win-win situation for Allegheny Energy Inc. and West Virginia as the utility company hands over 1,100 acres of plant and wildlife-laden property to the state in a transaction valued at approximately $1.75 million.
LOUDOUN COUNTY-Ownership of an 850-acre area known as Evergreen Rural Village changes hands in a $15.3 million transaction. Upon completion of a residential development, the new owner plans to set aside approximately 80% of the land as open space.
WALDORF, MD-Babies 'R' Us joins the tenant roster at the Festival at Waldorf shopping center with its recent commitment to take on 30,700 sf of space in the well-leased 500,000-sf suburban shopping center.