WASHINGTON, DC-The National Association of Realtors is requesting that the banking industry relinquish its pursuit to enter the real estate market. Congress and many citizens have expressed their dislike of the notion, and the US Treasury has delayed decision on the matter until 2003.
NEWPORT NEWS, VA-Construction of plumbing supplies distributor Ferguson Enterprise Inc.'s new $20.5-million, 150,000-sf headquarters is under way. Completion of the five-story building is anticipated for the end of 2002.
ASHBURN, VA-Developer MIE Properties Inc. has completed construction of the first three buildings of the 82-acre Ashburn Technology Park. The 52,120-sf office/warehouse structures are available for lease at about $10.50 per-sf
CRYSTAL CITY, VA-Over the weekend, the Arlington County Board gave the thumbs-up for the proposed $20-million residential project, the Lofts at Crystal Towers. Charles E. Smith Property Holdings will construct the new 215,456-sf, 215-unit building near the edge of the property where its Crystal Towers apartment structure sits.
CHESAPEAKE, VA-Pharmaceutical software and consulting firm Dendrite International of Morristown, NJ signs a long-term lease worth $7 million for nearly 50,000 sf at Liberty Executive Park.
COLUMBIA, MD-More than half of the 122,889-sf One Gateway Exchange building is now leased with the recent lease-signings by two different companies for space totaling 71,243-sf.
NORFOLK, VA-After nearly three years on the market, the 14-story, class A Main Street Tower finally gets a new owner in BGK Properties. The asking price for the high-rise as of a year ago was about $18 million.
MOUNT VERNON, VA-An $85-million museum and orientation center is in the works for George Washington's Mount Vernon Estate and Gardens. Official plans will be announced on April 27 and work on the 50,000-sf endeavor is scheduled to commence in 2003.
MCLEAN, VA-Crestline Capital Corp. gets a steal of a deal by subleasing nearly 27,500-sf of never before occupied space from BMC Software in the Greensboro Corporate Center.
MOUNT VERNON, VA-An $85-million museum and orientation center is in the works for George Washington's Mount Vernon Estate and Gardens. Official plans will be announced on April 27 and work on the 50,000-sf endeavor is scheduled to commence in 2003.