RICHMOND, VA-United Dominion Realty Trust Inc. makes a couple of strategic moves with the recent acquisition of two apartment communities for a total of $50 million .The residential properties--located in Columbia, MD and Riverside, CA, respectively--are both in solid multifamily markets.

WHITE MARSH, MD-Ownership of the 78,600-sf warehouse/industrial structure at 10939 Philadelphia Rd. changes hands for the first time in two decades, as owner JCB Excavating Co. sells the building to JKH Properties in a $2.2-million transaction. JKH plans to subdivide the space for leasing.

DULLES, VA-Developer Buchanan Partners wraps up development on a 105,400-sf condominium/flex building--the first of eight structures that will ultimately be a part of the 57-acre Dulles Trade Center I property. Already, several different businesses have purchased space, claiming 50% of the structure.

ARLINGTON, VA-Three high-level players from the Wall Street investment banking world join forces to form The Velasco Group, a new firm that will focus its attentions on providing debt and equity capital raising services and advice to mid-level market real estate companies.

SPARKS, MD-Leasing activity at the 78,240-sf flex structure in the two-building Loveton Business Park reaches full capacity. Completing the tenant roster at the two-year old property are ADS Corp. and Bionicare Medical Technologies Inc., which committed to 4,500 sf and 5,760 sf, respectively.

WILMINGTON, DE-The 1-million sf retail complex consisting of Brandywine Town Center and Market Square Shopping Center is in line to be snapped up in an $87-million deal. The buyer is a joint venture spearheaded by Port Washington, NY-headquartered REIT Acadia Realty Trust.

FAIRFAX, VA-Pulte Homes Inc. renews its lease and expands its space at 10600 Arrowhead Dr. in a new seven-year deal. The company takes on an additional 3,872 sf in the 66,200-sf building, bringing its office size up to 22,113 sf.

BALLSTON, VA-Financial investment consulting firm Cambridge Associates LLC leaves Arlington for Ballston by committing to nearly 83,000 sf over four floors in the new building at 4100 North Fairfax Blvd. Space in the 255,000-sf structure leases for $31 to $32 per sf.