LYNCHBURG, VA-Snack manufacturer Frito-Lay, Inc. opts to stay in Virginia, expanding the size of its 400,000-sf-plus plant with a $30 million investment. This is the second expansion at the Campbell County location in less than a year.
GLEN ALLEN, VA-The disposition of the 1,250-acre parcel belonging to Tyco International is now complete with Sauer Properties Inc.'s $4.5-million acquisition of the final 420-acre tract. Sauer plans commercial development on the property when the market becomes more favorable.
WASHINGTON, DC-President Bush gets involved in the push for terrorism insurance legislation, meeting with real estate, labor and business officials to discuss the matter at the White House. While the House of Representatives passed its version of a terrorism insurance bill--including a federal backstop to cover insurers' liabilities beyond a certain amount in a claim--the Senate has yet to make progress on the matter.
WASHINGTON, DC-The Mortgage Bankers Association's most recent Weekly Mortgage Applications Survey, which covers the last week of March, shows a 1.9% decrease in loan applications from the previous week.
ASHBURN, VA-The office/flex development Merritt@Ashbrook, a 24-acre project off Route 7, makes progress as building of the three-structure Phase I comes to completion and new construction on Phase II begins.
BETHESDA, MD-Marriott International, Inc. and its real estate subsidiary Host Marriott Corp. make moves to limit their mutual operations with the end of dual board member service by two of its co-chairs, the brothers Marriott.
LINTHICUM, MD-The American Urological Association Education & Research Inc. takes a step toward relocating its current Baltimore headquarters to Linthicum's Hock Business Park with next week's groundbreaking for a new $10-million structure.
MONTGOMERY COUNTY, MD-Due to a growing lack of affordable housing, county officials expect to go over budget to the tune of $1 million to finance temporary homes--hotel rooms--for homeless families who cannot find room in shelters.
OWINGS MILLS, MD-The fourth of what will be six buildings in the Red Brook Corporate Center pre-leases its first tenant as Euler American Credit Indemnity Co. signs on for 60,000 sf of space. Construction will soon begin on 150,000-sf, five-story structure of Class A office space.
DOVER, DE-Less than two years after construction began, the $60-million Dover Downs Hotel and Conference Center makes its official debut with a ribbon cutting ceremony.
