ANNAPOLIS, MD-According to the third quarter report from the National Center for the Seniors Housing & Care Industries (NIC), the occupancy rate in assisted living facilities may be stabilizing after a year of consistent decreases. But NIC officials conclude that any stabilization trends will not alter the steadily decreasing construction starts in this industry sector.
GERMANTOWN, MD-Acterna Corp. joins its subsidiary, Acterna, in Maryland with the move of its headquarters from Burlington, MA to Germantown. Both the parent company and subsidiary will make another move later this year when they relocate to new facilities in the Milestone Business Park
ARLINGTON, VA-The Arlington County Department of Parks, Recreation and Community Resources solicits the opinions of locals on the impending renovation of the Arlington Community Center at 4975 Columbia Pike. The current 82,900-sf structure will be demolished and replaced with a new building.
WASHINGTON, DC-The District weathers the economic storm--and other problems--to emerge as one of 2001's highest performing commercial real estate markets in the country, according to Cushman & Wakefield's year-end MarketBeat series.
WASHINGTON, DC-Marriott International, Inc. sells off eight of its properties to CNL Hospitality Corp. for $181 million. Marriott will continue to manage the hotels.
ANNAPOLIS, MD-According to the third quarter report from the National Center for the Seniors Housing & Care Industries (NIC), the occupancy rate in assisted living facilities may be stabilizing after a year of consistent decreases. But NIC officials conclude that any stabilization trends will not alter the steadily decreasing construction starts in this industry sector.
HERNDON, VA-Australian and Irish Pub restaurant Ned Kelly's-Ned Devine's plans to expand in the Fairfax and Loudoun Counties area. The eatery gives the task of finding 5,000 to 8,000-sf spaces to its tenant representative JBG Rosenfeld Retail.
WASHINGTON, DC-The St. Joe Company of Jacksonville, Florida expands its presence in the Southeast with the purchase of the 152,470-sf Class A office building located at 1750 K Street. Financial terms have not been disclosed, but the District values the property at $31.6 million.
LANGLEY PARK, MD-The Goodwill store at 8016 New Hampshire closes after nine years. The retail store is unable to afford the significantly higher cost of a new Langley Center lease.
ASHBURN, VA-Clyde's Restaurant Group takes to the country with the planned opening of a farmhouse-style restaurant and inn in the 1,500-acre Broadlands planned community. The company plans to spend at least $10 million on this establishment that will include two 100-year old barns from Vermont.