ROCKVILLE, MD-Washington Real Estate Investment Trust spends nearly $22 million for Chantilly, VA's Sullyfield Commerce Center. The 248,000-sf property consists of two buildings that are fully leased, with only 2.5% of leases expected to expire within the first 24 months.
BALTIMORE, MD-Trammell Crow reports a flurry of real estate transactions involving eight different clients. The deals include more than 700,000 sf of commercial space in the greater Baltimore region.
STERLING, VA-Gaithersburg, Virginia's Buchanan Partners sells two of its three Lakeside@Loudon Tech office buildings to Netherlands-based Stone Hedge. The deal leaves Buchanan with partial ownership of the two structures.
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.
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.
CoStar Group Inc. will now provide Equity Office Properties Trust, the nation's largest publicly held office property owner, with real estate information in 18 different markets. CoStar's vast Internet database of market information places the company near the top the list of information service providers to the commercial real estate industry.
LAUREL, MD-Laurel Mall will soon have Crown American Realty Trust as its new manager. Owners of the mall sign a two-year contract with the Johnstown, PPA-based REIT, and the management changeover is to begin in December.
BALTIMORE, MD-Trammell Crow reports a flurry of real estate transactions involving eight different clients. The deals include more than 700,000 sf of commercial space in the greater Baltimore region.
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.
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.