BALTIMORE, MD-The Cordish Co. begins work on its new office and retail complex on Pier 4 of Baltimore's harbor-front. With the announcement of a second tenant's commitment to lease space, 75% of the 140,000-sf building is spoken for already.

Crestline Capital Corporation opens a new hotel in Charlotte, NC. The 181-room structure will operate as a Marriott franchise under the management of Crestline Hotels & Resorts.

WASHINGTON, DC-In response to widespread fears of the insurance industry failing to cover future terrorist attacks, members of the Senate Banking Committee create The Terrorism Risk Insurance Act of 2001. The bipartisan group of legislators behind the bill has won the administration's support.

TIMONIUM, MD-The Baltimore area building at 9690 Deereco Rd. is now the new headquarters for Ann Arbor, Michigan's Omega Healthcare Investors Inc. The public company will house its staff of 20 in 8,300 sf of office space within the eight-story building.

WASHINGTON, DC-The Mortgage Bankers Association has data to prove that without Federal terrorism insurance, $26 billion in commercial real estate financings for the fourth quarter could be at stake. The association urges the government to develop a program addressing the problem as soon as possible.

RALEIGH, NC-EYC Cos. gets $22 million from GMAC Commercial Mortgage Corporation to construct a 328-unit luxury apartment complex. The structure will have a convenient location just outside the region's popular Research Triangle Park.

WASHINGTON, DC-The District breaks ground on its first city museum after being delayed by September's terrorist attacks. The $24-million, 60,000-sf project will debut in 2003.

WASINGTON, DC-District officials and real estate firms Kaempfer Co. and Forest City come together to redevelop the Waterside Mall. The project is just one aspect of the city's efforts to revitalize its Waterfront area.