WASHINGTON, DC-The US Department of the Treasury makes headway in the implementation of the Terrorism Risk Insurance Act of 2002 as it announces one of what will be a bevy of final regulations under the new law.
WASHINGTON, DC-Metro Center, the nearly 250,000-sf corner office building at 700 13th St., lands in the property portfolio of Lend Lease US Office Trust, courtesy of a $96.5 million acquisition deal.
VIENNA, VA-Borders Books & Music heads down the street to bigger digs in its relocation from 8311 Leesburg Pike, to the 220,000-sf mixed-use property at 8027 Leesburg Pike. The retail book chain's new space is 30,000 sf; 10,000 sf larger than its former home.
NORTHERN VIRGINIA-Two truck facilities hit the auction block as Vancouver, WA-based trucking company Consolidated Freightways Corp. continues to sell off its stable of 220 properties as part of a bankruptcy process.
BALTIMORE-A merger agreement gives outlet center REIT Prime Retail Inc. a helping hand with its plan to increase revenue. New Jersey's The Lightstone Group gets on board to acquire the company in a transaction valued at $638 million.
FAIRFAX, VA-In a deal reportedly valued at approximately $54 million, ownership of the WillowWood Plaza III and IV buildings changes hands from Lord Baltimore Properties to an affiliate of RKB Washington Property Fund I LP. The two five-story structures are fully leased and account for 280,000 sf of class A office space.
LAUREL, MD-Babies 'R' Us Plaza is all set to grow by 50,000 sf as owners of the 155,000-sf shopping center prepare to construct space to house a new Food Lion supermarket. Construction of the $4 million project is scheduled to wrap up by year's end.
ARLINGTON COUNTY, VA-Rosslyn Manor and the Irving Apartments, two low-rise structures that have graced the county for several decades, find new owners as ATA Construction Services purchases the two properties in a $3.8 million transaction. The buildings offer a total of 34 units.
WASHINGTON, DC-A joint venture involving Lerner Enterprises and Guggenheim Partners-Real Estate Group takes the class A office building at 1275 K St as its own through a recent acquisition deal with seller JBG Cos.
BETHESDA, MD-PNC MultiFamily Capital makes a move to get in on the Washington, DC area's thriving apartment market by establishing a new office to serve the area. Susana Araoz will head-up the new location.