WASHINGTON, DC-Less than a week after Congress settled on and signed a bill calling for the extension of the Terrorism Risk Insurance Act of 2002 from December 31, 2005 to December 31, 2007, President Bush puts his signature on the bill, making the Terrorism Risk Insurance Extension Act of 2005 law.

JESSUP, MD-The purchase of the Baltimore Aircoil Co. R&D office building is facilitated with the closing of an $8.4-million financing deal. The recently completed, 91,200-sf facility occupies a 10.5-acre parcel off I-95 in suburban Baltimore.

COLUMBIA, MD-Corporate Office Properties Trust joins forces with Opportunity Invest LLC to create COPT Opportunity Invest I LLC. The entity will acquire up to $300 million in warehouse properties for redevelopment into office space in the Greater Washington, DC area.

ARBUTUS, MD-Merritt takes title to two office buildings accounting for an aggregate 123,000 sf of class A space at the 41-acre bwtech@UMBC research park. Both low-rise structures are fully occupied and were developed within the last four years.

BELCAMP, MD-Work gets under way on the third office condominium at the $60-million mixed-use Waters Edge Corporate Campus. The 100,000-sf structure, one of four office buildings that will ultimately grace the park, is on target to reach completion next fall.

HAMPTON, VA-NetCenter, a 559,600-sf office building, gets refinanced, as a $45.3-million loan closes for the funding of improvements , as well a tenant improvement activities and leasing commissions. The building began three decades ago as a shopping mall.

ROSSLYN, VA-Vornado Realty Trust forks over $27.3 million and 730,000 partnership units in exchange for a 46%-partnership interest in partnerships that own an office and multifamily complex here. The multi-structure property features 714,000 sf of office space and 195 apartments.

HERNDON, VA-Parkway Square, a 205,000-sf office building, sells in a transaction valued at $44.1 million. The two-story facility is 76% occupied and is home to such businesses as Boeing Aerospace Co.