WOODLAWN, MD-Security West, the 717,000-sf, dual-building office property at 1500 Woodlawn Dr., commands a refinancing package totaling $98.5 million. The property has long been home to the Social Security Administration.

WASHINGTON, DC-What now stands as a deteriorating lot of vacant residential buildings will be reborn as the Bowling Green Apartments community with the helping hand of the District of Columbia Housing Finance Agency.

BALTIMORE-Cambrex Bio Science Inc. opens the doors of its new biopharmaceutical development laboratory and pilot plant after completing the redevelopment of a pre-existing 80,000-sf building adjacent to the company's East Lombard St. facility. The project cost $5 million to complete.

ODENTON, MD-La-Z-Boy Inc. relocates its regional warehouse and distribution center to a 168,000-sf space at 1791 Crossroads Dr. Space in the area leases for anywhere from $3.50 to $4.95 per-sf. The relocation will bring about 150 jobs to the area.

BETHESDA, MD-Commercial real estate services and information providers CoStar Group Inc. and LoopNet Inc. both breathe sighs of relief as the two companies settle a lawsuit CoStar filed against LoopNet back in 1999.

LANDOVER, MD-The 537,000-sf, seven-structure Inglewood Office Center complex commands $38.5 million in acquisition financing with the assistance of real estate firm Holliday Fenoglio Fowler.

WASHINGTON, DC-Significant changes are in store for the office structure at 1411 K St., in the city's central business district. Meritage Properties and developer Buchanan Partners LLC join forces to acquire the 65,000-sf property, and make plans to give the 44-year-old building a massive makeover.

MCLEAN, VA-Freddie Mac acts quickly to correct accounting errors that will lead to an increase of an estimated $4.5 billion in a restatement of its earnings for the last three years. This comes on the heels of the replacement of the lender's top management team.