WASHINGTON, DC-The Franklin Square North office building moves forward with Monument Realty and Prudential Real Estate Investors' acquisition of the plot of land where the structure will eventually sit.

WASHINGTON, DC-A recent Marcus & Millichap research report finds the District's office market continues to lead most other metropolitan office markets in resisting the national economic downturn, in part due to a diverse industry base and federal projects in the area.

WASHINGTON, DC-Georgetown Center I, a 100,000-sf Class B office building, becomes the property of Carr Capital Corporation for $14.4 million. The structure is 100% leased and counts Georgetown University as one of its lead tenants.

WASHINGTON, DC-In its mid-year Real Estate Forecast, the Urban Land Institute reports that, due to heavy office vacancies, the commercial real estate industry will not recover at the same pace as the US economy.

WASHINGTON, DC-Marriott severs business ties to the Republic of Myanmar following requests from labor unions protesting the country's military dictatorship.

MCLEAN, VA-Sunrise Assisted Living reveals it will form a joint venture with New Jersey's PRICOA Property Private Equity for the purpose of acquiring and developing up to 50 properties in Great Britain and Germany over the next several years. Together, the two companies will have an estimated $120 million to fund their international expansion.

RICHMOND, VA-The Richmond Marriott is primarily owned by Cranston, RI's The Procaccianti Group, following the company's recent acquisition of a $10.4 million mortgage on the property. The hotel and property are valued at $20.5 million.

ARLINGTON, VA-British Nuclear Fuels, Inc. will move its headquarters from Fairfax to a 19,000-sf space in Arlington's Crystal Gateway I Building. The 10-year lease is on the seventh floor of the 314,000, 15-story office and retail structure.