CULPEPER COUNTY, VA-Technology companies Competitive Innovations LLC and AttoTek Inc. invest $2.2 million in two 10,000-sf expansions of their current locales.
GLEN BURNIE, MD-North Arundel Hospital wraps up construction of its new 44,000-sf, three-level comprehensive cancer facility, The Tate Cancer Center. The $15-million development--which is expandable--will make its official debut late next week, and will open to patients in January.
WASHINGTON, DC-The Mortgage Bankers Association of America plans a meeting with US Department of the Treasury officials regarding implementation of the Terrorism Risk Insurance Act of 2002. MBA will raise issues that are of specific concern to the commercial real estate finance industry.
CHANTILLY, VA-Plans for a $3-million FedEx shipping and receiving distribution center in Stonecraft Business Park move forward as Tucon Construction Corp. comes on board as general contractor for the project. The 54,000-sf facility will occupy a 7.5-acre parcel in the Stonecroft Business Park
WASHINGTON, DC-La Coruna, Spain-based fashion apparel chain Zara makes its first entrie into the Mid-Atlantic retail market with the establishment of a 10,000-sf store in the District's trendy Georgetown area. The store is on track to open its doors next summer.
WASHINGTON, DC-Marriott International responds to mounting complaints from its franchisees that it is hoarding kickbacks from hospitality procurement company Avendra LLC. The hotel chain will invest impending profits in improving operations at participating hotels.
WASHINGTON, DC-The District of Columbia Housing Finance Agency closes on $8.2 million in tax-exempt mortgage revenue bonds to benefit the development of affordable-housing community Henson Ridge. The 600-unit apartment and townhouse complex will offer rentals, as well as homes for sale.
ANNAPOLIS-Work on two 8,125-sf restaurant/service buildings in the $25 million Annapolis Technology Park gets under way. Developer MIE Properties expects the new additions, which are part of the first phase of the mixed-use park endeavor--to be ready to go sometime next spring.
WASHINGTON, DC-The famed Watergate Hotel goes up for grabs as owner Blackstone Real Estate Advisors puts the luxury property on the market though Eastdil Realty. Blackstone anted up nearly $40 million for the hotel in 1998. It is currently valued at about $33.7 million.
BALTIMORE-CNX Marine Terminals Inc--a subsidiary of coal exporter Consol Energy Inc.--finds itself in need of more room and commits to 295,000 sf of extra warehouse space at the Point Breeze Business Center, while signing a lease renewal for its current 238,000-sf digs.