MARTINSVILLE, VA-Start-up firm Activewear Inc. decides to establish its textile manufacturing plant in 300,000-sf of the 840,000-sf former VF Imagewear knitting facility. Activewear will spend $5 million on the project.

ARLINGTON, VA-Ballston Tower goes on the market and commands a reported $49.5 million. Partners Monument Realty, Apollo Real Estate Advisors, and Prudential Real Estate Investors sell the 225,00-sf structure to Consortium Capital. The class A building is fully leased to E*Trade through 2013.

SUFFOLK, VA-Advantis Real Estate Services Co. secures the leasing assignment for the Harbour Breeze Professional Center, currently under development by Becon Construction Inc. Space in the 60,000-sf office park is pre-leasing at $15 per sf.

WYTHE COUNTY-Plastic packaging films manufacturer Klvckner Pentaplast of America Inc. makes plans to extend its current facilities in Rural Retreat Industrial Park with a 70,000-sf addition. The Gordonsville, VA-based company will spend $34 million on the project, which will create 108 new jobs.

BALTIMORE-In a proposed $36.5-million deal, Prime Retail agrees to sell its only non-US property, Prime Outlets of Puerto Rico. Part of the proceeds will be used for the principle-prepayment requirement on its outstanding mezz loan.

ROCKVILLE, MD-Commercial mortgage company Criimi Mae Inc. recapitalizes and refinances by entering into an investment agreement with an affiliate of private funds management firm Brascan Real Estate Financial Partners.

ARLINGTON, VA-Financial holding company Friedman, Billings, Ramsey Group Inc. and FBR Asset Investment Corp., a REIT, merge in a deal that will call for a stock for stock exchange.

WASHINGTON, DC-Members of the US House of Representatives pass a compromise version of terrorism insurance legislation, calling for a federal backstop of up to $90 billion in coverage of terrorism-related losses every year for the next three years. The decision comes after months of conference committee meetings to hash out a joint congressional version of the bill.