WASHINGTON, DC-The leadership roster at the Building Owners and Managers Association International sees a few big changes as John P. Kelly of Minnesota's Ryan Cos. US Inc. steps into the role of president.
METROPOLITAN WASHINGTON, DC-Multifamily lender Independence Community Bank Corp. has made plans to expand its presence to the prospering Washington, DC region real estate market.
METROPOLITAN WASHINGTON, DC-Retail property investors are like bees to honey in the region, and South Carolina's Edens & Avant proves the theory by taking a big bite out of the market with its recent purchase of seven grocery store-anchored shopping centers totaling over 650,000 sf.
ARLINGTON, VA-Arlington Gateway gets a new tenant in ESI International, a project management and consulting firm that recently signed on for 45,000 sf in the building. Space at Arlington Gateway leases for $34 to $38 per sf.
WASHINGTON, DC-Advantis Real Estate Services Co. brings in industry honcho Daniel M. Dillon to occupy the position of director of management services for the greater Washington, DC region.
MARION, VA-General Dynamics Armament and Technical Products decides to relocate its DeLand, FL-based Resin Transfer Molding operations to the company's operations center in Smyth County, VA.
BRIDGEPORT, WVA-Aurora Flight Sciences Corp. will step up the pace of its development of US Air Force Global Hawk airplanes with the addition of a new 40,000-sf building. The $2.3 million facility will be ready by the end of the year.
WASHINGTON, DC-According to the Mortgage Bankers Association of America's forecast, the economy will begin to slowly bounce back by the end of this year and will ultimately result in a bevy of positive upswings.
NORFOLK, VA-MacArthur Center, a one million-sf shopping center, is now almost entirely owned by Taubman Centers Inc. Taubman increased its 70% ownership of the retail property to 95% through a $45.4 million investment.
FAIRFAX, VA-Crown Ridge at Fair Oaks, the 191,000-sf class A office structure on Ridgetop Rd., has been sold to California-based KBS Realty Advisors in a $36 million deal. Seller, Fairfax's the Peterson Cos., will stay on as property manager.