RICHMOND, VA-City officials begin work on the $3-million The First Tee of Richmond Golf Course. The course will ultimately offer nine holes, with the first three-hole portion opening up for use in September.
MCLEAN, VA-The only automotive REIT in the country announces it has closed $87 million worth of property acquisitions in the first quarter of the year. The deal includes 14 fully properties with lease terms that average almost 16 years in length.
FREDERICKSBURG, VA-The proposed national slavery museum, a project that will cost an estimated $100 to $200 million, moves forward with a $1 million loan from the city. Construction could begin as soon as next year.
DULLES, VA-Washington Dulles International Airport now has its own parking spaces with the debut of a $45-million parking garage--a first for the 40-year-old airport. The five-story structure accommodates 3,700 cars and will be followed by another similar parking facility later this year.
ARLINGTON, VA-The Pentagon Renovation Office prepares for its new $39.6 million Pentagon Physical Fitness and Readiness Facility with the selection of Turner Construction to bring the project to life. Construction activity on the 130,000 center is expected to being on June 1.
BURKE, VA-Burke Centre completes renovations and nearly completes leasing activity with the addition of tenants that bring the occupancy level up to 99%. The two-phase project took just over two years to finish.
CHANTILLY, VA-In a $61.8-million deal, Fairfax County's 346,000-sf Greenbriar Town Center changes hands form a pension fund client of New York, NY's JP Morgan Fleming Asset Management to Dallas, TX-based Crow Holdings Real Estate Fund.
RESTON, VA-The 189,500-sf Plaza America Tower IV office building will officially be completed on April 1. The Class A structure is the fourth office structure to go up in the $225 million Plaza America office and retail park.
CHESAPEAKE, VA-Transportation systems provider INIT Innovations in Transportation, Inc. expands its US headquarters by 300%, taking 9,000-sf in Greenbrier's Crossways II building. The company will spend approximately $1.2 million on its new offices.
FALLS CHURCH, VA-Health organization Inova will break ground on its $131-million heart institute at the Inova Fairfax Hospital on April 2. The project consists of a 280,000-sf building, a parking garage, and the expansion of the existing hospital structure. Inova officials are planning for a 2004 debut.