WASHINGTON, DC-Joint venture K/FCE will make an initial investment of $25 million to redevelop the 1.1 million-sf Waterfront Complex. The EPA had occupied the office and retail property for the last 30 years.

ROCKVILLE, MD-Construction of Rockville Town Center, a 221-unit apartment development of Archstone-Smith Communities, gets going with the recent groundbreaking by contractor Clark Realty Builders.

WASHINGTON, DC-President Bush issues an ultimatum to Congress, demanding members to pass terrorism insurance legislation today. The bill has been tied up in conference with Democrats and Republicans unable to agree on the issue of property owners' liability in resulting civil lawsuits.

BALTIMORE METRO-Rochester, NY-based REIT Home Properties announces two recent apartment complex acquisitions totaling $115 million. The purchases in Gaithersburg and Greenbelt, MD add 1,455 residential units to the company's growing portfolio.

BALTIMORE, MD-The 220,000-sf Bond Street Wharf office building gets a new tenant as its designer, architectural firm RTKL Assoc., moves its headquarters to a 50,000-sf space in the 220,000-sf warehouse-style structure.

OWINGS MILLS, MD-Owings Mills Town Center, the planned $220 million commercial and residential endeavor, moves a step closer to reality with the state Board of Public Works' new recent lease arrangement with the new developers Whiting-Turner Contracting Co. and David S. Brown Enterprises. Progress had been routinely delayed under former developer LCOR

RESTON, VA-Former CD customizer MM Companies Inc. negotiates a lease termination arrangement that forces it to pay $2.1 million for early withdrawal from the original 10-year, $7.4-million deal.

WASHINGTON, DC-Giant Food Inc. will debut its newest store in the city next week during a public ribbon-cutting ceremony at the 53,200-sf market and pharmacy in the Brentwood community. The Rhode Island Avenue store marks Giant's fifth location in the District.