WASHINGTON, DC-Legislators from both sides of the aisle prepare to offer new legislation designed to mitigate the nation's low-income housing crisis. A group of Democratic, Republican and Independent representatives of Congress will introduce the National Housing Trust Fund on Wednesday.
ROANOKE, VA- Commercial real estate lender Bethesda, MD-headquartered Presidential Bank FSB expands its financing services to potential clients in Roanoke, VA. The bank is targeting smaller property acquisition and refinancing projects seeking financing ranging from $300,000 to $3 million.
FRANKLIN, VA-Money Mailer picks Virginia to serve as its new $8.5-million East Coast manufacturing and distribution facility. The California-based direct mail company will house the new center in a pre-existing 55,000-sf shell building within Pretlow Industrial Park.
COLUMBIA, MD-Mammoth Golf, retailer and wholesaler of golf equipment, opens a new 10,000-sf superstore in the Columbia Crossing II shopping center. The facility is now the largest golf equipment retail destination in the state.
BALTIMORE, MD-The Johns Hopkins University takes steps to make a big addition to its stable of properties with the recent signing of a letter of intent to acquire the 68-acre Mount Washington Corporate Campus from current owner and occupant The St. Paul Cos.
WOODLAWN, MD-The US Federal Bureau of Investigation snaps up the last plot of land within the 82-acre Windsor Corporate Park in a $3.8-million acquisition from MIE Properties. The FBI plans to begin building a new field office on the 10.5-acre parcel of land in early April.
WASHINGTON, DC-The Real Estate Roundtable joins forces with the US Department of Homeland Security's National Infrastructure Protection Center to develop a new organization that will allow for the free two-way exchange of terrorism-related information between the two parties.
HERNDON, VA-Managed hosting provider Rackspace Managed Hosting of San Antonio, TX opens a new 33,000-sf location, its first outside of Texas. ImaTek acquired the space at 524 Van Buren St. to accommodate recent growth.
ALEXANDRIA, VA-The 226-unit Reserve at Eisenhower residential complex hits the market and sells to Chicago's Equity Residential for an undisclosed price. The luxury apartment community was just recently completed, and had been known as the Alexan Eisenhower when it was under development by seller Trammell Crow Residential.
WASHINGTON, DC-A groundbreaking ceremony on March 6 is in the works to officially kick off the development of the 233-suite Residence Inn Marriott. The $43-million endeavor is the product of The Donohoe Cos., Hospitality Partners and Four Fires LLC.