BALTIMORE-MuniMae starts off the year with a bang, as evidenced by the company's arrangement of $154 million in multifamily housing financing during the first quarter of 2003. The lender also managed to add $107 million to its coffers through two capital-raising campaigns.
VIRGINIA BEACH, VA-The 430-unit multifamily property known as Chase Arbor Apartments gets a new owner in a $33-million deal. A UBS Realty Advisors client sold the property to Edwin A. Joseph, whose company will assume management responsibilities.
BALTIMORE-Heeding the mayor's call for more grocery stores in the city, Santoni's Supermarket will give shoppers more to shop for with a 3,000-sf addition to its 27,000-sf store. Area business organizations are pitching in to help fund the $2.4-million project.
ANNAPOLIS, MD-The Chesapeake Innovation Center, the nation's first incubator to focus on homeland security technology companies, is on schedule to offer its services and office facilities in a 24,000-sf space here. CIC will be ready to welcome new businesses in June.
WASHINGTON, DC-The Department of Housing and Urban Development releases SuperNOFA, the annual, fiscal-year package that spreads the word about available funds to be allotted to competitive bidders developing affordable housing. For fiscal year 2003, $1.8 billion in grants is available.
BALTIMORE-Colliers Pinkard reshuffles the top of its masthead with the selection of company executive vice president David M. Gillece to inhabit the position of president. Gillece replaces current president Walter D. Pinkard Jr., who will now serve as company chairman.
RESTON, VA-The San Diego-based Titan Corp. carves out 282,000 sf for itself in the 425,000-sf Two Freedom Square building here. Titan culled the class A space through both direct and sublease deals.
BALTIMORE, MD-The Staubach Co. shines its light on the City of Baltimore with the opening of a new office in the city's central business district. Two industry heavy-hitters will head up the new locale, which will start out focusing on the industrial market.
WASHINGTON DC-After suffering the ills of decades of disrepair, Parkfair Apartments gets a chance to shine once again, courtesy of the recent $3.7-million redevelopment. The 31 units are reserved as affordable housing.
RICHMOND, VA-In an effort to bring a higher quality shopping environment to its customers, Circuit City Stores Inc. looks to Millennium Retail Partners for help in buying or leasing new store spaces across the country. The company's goal is to open 50 34,000-sf stores in 2004.