TIMONIUM, MD-Omega Healthcare Investors Inc., a leading long-term care property REIT, seals the deal on a $225 million senior secured credit facility. The four-year arrangement includes $125 million in loan funds and a $100 million credit line.
WESTMINSTER, MD-Carleton Technologies Inc. opts to relocate to Carroll County by taking on 30,000 sf in the 45,500-sf structure at 711 Corporate Center Court. Space in the flex building rents for $5.50 to $6.75 per-sf.
WASHINGTON, DC-Real estate industry insider Jonathan Kempner gets pushed up the ladder to president and CEO at the Mortgage Bankers Association of America. Kempner joined MBA two years ago, after serving 14 years with the National Multi Housing Council.
CHESAPEAKE, VA-Over 400 acres of wetlands are rescued from commercial development following an ardent campaign by the Chesapeake Bay Foundation to prevent Tri-City Properties LLC from building a mixed-use community on the property.
COLLEGE PARK, MD-Eager shoppers came out last week to break in the newest US location of Swedish home furnishings store Ikea. The $60 million facility offers 370,000 sf of space for retail goods, a 450-seat restaurant and several play areas.
WASHINGTON, DC-Industry insider J. Michael Curtis joins Grubb & Ellis Co. bringing 20 years of experience to the table. He will serve as senior VP for the Multi Housing Investment Group, covering the Mid-Atlantic region.
WASHINGTON, DC-Change is afoot at the Kennedy Center for the Performing Arts as CarrAmerica Urban Development takes on the construction leadership role for the development of the facility's new plaza extension. The project entails the building of two structures totaling approximately 400,000 sf.
WASHINGTON, DC-The 270,000-sf office building on the corner at 1990 K St. prepares to welcome two new tenants to street-level retail spaces. Eatery Baja Fresh and the Washington Sports Club will open in spaces totaling approximately 20,000 sf by the end of the year.
SILVER SPRING, MD-The Blair Towns, a $17 million multifamily complex, makes its debut as the first new apartment property in Silver Spring in more than ten years. The multi-structure property features 78 luxury apartment units, accounting for a total of 80,000 sf.
WASHINGTON, DC-One of the biggest leasing transactions in the District closes as law firm Dickstein Shapiro Morin & Oshinsky LLP commits to a 15-year lease of 400,000 sf in the approximately one million-sf International Square office compound.