WASHINGTON, DC-A survey from the Mortgage Bankers Association of America concludes that approximately $8.2 billion in commercial property developments have been canceled, delayed or have fallen by the wayside due to the sky-high costs--or outright absence--of terrorism insurance.
WASHINGTON, DC-Transwestern Commercial Services takes over leasing activity for the 154,000-sf office building at 2001 L Street. Located in the city's central business district, the class A structure has 25,000 sf of space available at the rate of $34 to $38-per-sf.
BALTIMORE, MD-Cleveland, OH's Robert H. Kanner resigns from Prime Retail Inc.'s Board of Directors, after being elected a member by shareholders in December of last year. Kanner tells the REIT's officials his departure has no connection to the company or its management.
WASHINGTON, DC-A survey from the Mortgage Bankers Association of America concludes that approximately $8.2 billion in commercial property developments have been canceled, delayed or have fallen by the wayside due to the sky-high costs--or outright absence--of terrorism insurance.
WASHINGTON, DC-Marriott International Inc. subsidiary Marriott Senior Living Services could go it alone as company officials contemplate spinning off the independent and assisted living residents division.
BALTIMORE, MD-The $4.7-million redevelopment of an historic police station advances a step as city officials approve the sale of the one-acre property to developer, 1899 Limited Liability. Upon completion, the law enforcement facility will house 25,000 sf of office and retail space.
ARLINGTON, VA-The Museum of the Americas will go from a virtual home to a bricks-and-mortar location as the arts organization makes plans to lease the 65,000-sf former home of the Newseum. MOA plans to open its inaugural exhibit in the space next fall.
WASHINGTON, DC-The Department of Education steps in where the Federal Emergency Management Agency dropped the ball by moving into the 309,000-sf space in Potomac Center, following FEMA's breaking of a 10-year lease on the offices.
WINTERTHUR, DE-Winterthur Museum Garden & Library's new 125,000-sf catalogue fulfillment center opens in the 110-acre Twin Spans Business Park. The local arts and education destination considered building sites in Maryland, New Jersey and Pennsylvania before settling on a location in its home state.
WASHINGTON, DC-The US General Services Administration takes a step forward in the redevelopment of the Old Post Office Building with the recent selection of AEW Capital Management to oversee the endeavor.
