BALTIMORE, MD-The historic Standard Oil Building gets a $25 million makeover and goes from an office tower to the luxury apartment complex to be called The Standard. After two years of major redevelopment activity, the 202-unit residential structure will welcome its first occupants next month.
GREENBELT, MD-A call has been put out to potential designers for the Goddard Space Flight Center's new 200,000-sf Space Sciences Directorate building. The $100-million facility will allow GSFC to consolidate operations from six buildings on its 33-building campus into a single on-site structure.
HERNDON, VA-Deutsche Post Global Mail relocates its US headquarters from Loudoun County to Fairfax County, subletting 23,500 sf from Oracle Corporation at the Presidents Plaza One Building in a short-term agreement.
WASHINGTON, DC-Ownership of the 160,000-sf medical office building at 2021 K changes hands in a deal reported to be valued at $42.7 million. LaSalle Investment Management takes the eight-story building off the hands of previous owner Marigold Partners.
BALTIMORE, MD-Phillips Foods Inc. wraps up the $20 million redevelopment of a former Coca-Cola factory and begins moving into the 270,000-sf space that will serve as its new corporate headquarters and manufacturing center. The company leaves behind its former 80,000-sf home in West Baltimore.
BALTIMORE, MD-Maryland Science Center's long-planned $40-million expansion project moves forward with a recent property re-subdivision ruling by the city Planning Commission. The 40,000-sf addition and massive upgrade are scheduled for completion in 2004.
WASHINGTON, DC-Members of The Coalition to Insure Against Terrorism go straight for the jugular in a recent letter to US Senate and House of Representatives conferees, and asks them to set aside political bickering differences in order to pass terrorism insurance legislation.
ARLINGTON, VA-The new $5 million commercial development above the Courthouse Metrorail Station makes its debut as tenants Strayer University, Suntrust Bank and CVS open their doors in the new 54,000-sf space.
WESTMINSTER, MD-TownMall of Westminster secures a $30-million mortgage loan from New York's Sonnenblick-Goldman. Owners of the 632,000-sf indoor shopping center are in the process of upgrading the 15-year-old property, which is valued at $22.1 million
RESTON, VA-Plaza America Tower IV gets another tenant with law firm Harness, Dickey & Pierce's lease of 16,000 sf of space in the seven-story, 189,500-sf building. Space in Tower IV--which is part of 1.2 million-sf Plaza America office complex--leases from $33 per sf.