WASHINGTON, DC-Hospitality industry real estate guru C.A. Anderson comes aboard Interstate Hotels & Resorts' acquisitions and development team as the company looks to expand its management presence in time to take advantage of an anticipated pick-up in the hospitality market.
WASHINGTON, DC-Commercial/multifamily mortgages escalate 38% over first quarter 2002 numbers to an $18.9 billion volume, according to The Mortgage Bankers Association of America's survey of commercial activity during the first quarter of 2003.
GLEN BURNIE, MD-The Cromwell Business Park gets a new tenant as Sleep Services of America signs on to occupy a 10,000-sf office/warehouse space within the building at 890 Airport Park Rd.
HAMPTON, VA-Economic redevelopment efforts for the City of Hampton take a giant leap forward with the recent groundbreaking ceremony for the city's 345,000-sf convention center and an adjoining 300-room Embassy Suites hotel.
ARLINGTON, VA-As US Airways tries to recoup after filing for bankruptcy last August, the company taps longtime aviation aficionado Wayne Herndon to hold down the property fort as VP for corporate real estate.
WASHINGTON, DC-The demand for intown housing ranging from luxury townhouses to your basic apartment is holding steady, according to real estate industry insiders attending a recent Urban Land Institute forum.
MCLEAN, VA-Plans to bring a new 18-screen movie theater to the 1.9 million-sf Tysons Corner Center shopping mall are in the works between property co-owner and manager Wilmorite Properties Inc. and AMC Entertainment Inc.
MCLEAN, VA-The celebrated two million-sf Tysons Corner Center shopping mall is about to get bigger and better. Property co-owner Wilmorite Properties Inc. is conducting a $100 million redevelopment project.
RESTON, VA-The tenant roster at 1850 Roland Clarke Pl. remains the same as information technology firm Meta Group Inc. commits to another five years on its lease of 16,300 sf of space in the 77,000-sf office building.
BALTIMORE-MMA Financial is born out of MuniMae's $102 million acquisition of Boston, MA's Housing and Community Investing. The resulting low-income housing debt and equity-financing provider will begin its existence with a management portfolio of approximately $7.4 billion in real estate investments.