STERLING, VA-Consolidated Electrical Distributions Inc. commits to a seven-year lease for 17,655 sf in Loudoun County's industrial/flex building, located at 45449 Severn Way. Rent at the 105,442-sf building, which is leased near full capacity, ranges from $10 to $15 per-sf.
CAMBRIDGE, MD-The oft-rescheduled opening of the $74.4 million Hyatt Regency Chesapeake Bay Golf Resort, Spa and Marina is planned to take place on Aug. 29, too late for the summer rush but just in time for the start of the Labor Day Weekend.
BETHESDA, MD-The Food and Drug Administration leases the 60,000-sf Montrose Metro Two building all for itself. The Guardian Realty development will be completed this summer and FDA staff is slated to occupy the four-story property in December.
BETHESDA, MD-The Food and Drug Administration leases the 60,000-sf Montrose Metro Two building all for itself. The Guardian Realty development will be completed this summer and FDA staff is slated to occupy the four-story property in December.
WILMINGTON, DE-The 440,000-sf, 22-story Chase Manhattan Centre, once the city's tallest high-rise, is up for sale and has a taker who is reportedly prepared to pay $82 million for it. If all goes as planned, the property will change ownership from Lend Lease Real Estate Investments to McConnell-Johnson within the next several weeks.
WASHINGTON, DC-The Residence at Park Hyatt, a $12.7 million project of Park Hyatt Hotels and Centergate Residential, has opened its doors for tenant occupation.
ROCKVILLE, MD-Commercial Mortgage firm Criimi Mae says goodbye its independent auditor of eleven years, Arthur Andersen, LLP. Criimi Mae also withdrew its proposal to ratify Andersen as that company's 2002 auditor.
WESTMINSTER, MD-Department store chain Boscov's will take over the former Montgomery Wards space at the TownMall of Westminster, and will redevelop the store into an 180,000-sf, 2-story department store.
WASHINGTON, DC-The Trust for Public Land gives the US Senate a partial thumbs-up for passage of the farm bill, which includes a bevy of provisions for protecting open space through the purchase of development rights.
