RANDALLSTOWN, MD-The Deer Park Apartments complex becomes the property of Apartment Services in a $9.5-million deal with seller Equity Management/Advantage Properties. The 168-unit residential compound is valued at $4.2 million.
VIENNA, VA-USI Real Estate Advisors Mid-Atlantic recently disposed of 500,000 sf of office space for its clients over the last six months. USI Mid-Atlantic, which is about 18 months old, achieved $6 million in property sales in 2002.
SILVER SPRING, MD-Local real estate industry leaders come together to form The Downtown Silver Spring Alliance, a non-profit coalition designed to draw real estate industry professionals to the commercial and residential opportunities in the area.
HAMPTON ROADS, VA-United Dominion Realty Trust puts its six-property, multi-family collection--The Hampton Roads Portfolio--up for grabs. The Apartment Group is marketing the 1,438-unit portfolio for purchase as individual properties or as a singular group.
HYATTSVILLE, MD-Ownership of the three-building Bank of America complex changes hands as Lexin Capital takes the 145,000-sf property off the hands of former owner Clark Capital. The property is 90% leased with tenants such as Bank of America and the Visiting Nurses Association.
RICHMOND, VA-The massive expansion of the Virginia Museum of Fine Arts takes a step closer to realization with the recent unveiling of the design for the $100-million project. Upon final completion in 2007, the arts facility will have added 100,000 sf of gallery space as well as a new 600-vehicle garage.
WILMINGTON, DE-Chicago-based TransUnion real estate subsidiary TransUnion Settlement Solutions Inc. opens the doors of its new 37,000-sf headquarters in Brandywine Town Center. The opening comes one year after Delaware officials began wooing the company to plant roots here.
DANVILLE, VA-Montreal, Quebec-based Intertape Polymer Group Inc. decides to merge three US distribution centers into a singular 200,000-sf location in Danville, which is the home of one of the three existing facilities. The cost of realizing the endeavor is $10.6 million.
VIRGINIA BEACH, VA-The city Planning Commission signs off on expansion plans submitted by organ and tissue bank LifeNet and Sentara Virginia Beach General Hospital. The two medical concerns will spend $40 million and $31 million, respectively.
BALTIMORE COUNTY-Two financial companies decide that there is no place like home and commit to lease renewals at their respective office locations. Morgan Stanley will stay at Greenspring Station and venture capitalist company Grotech will remain at its 9690 Deereco Rd. location.