ALEXANDRIA, VA-The Motley Fool paves the way for its relocation to the former Time Life Building with the signing of a 41,000-sf lease. The financial media communications company's new home will be more than twice the size of its current Alexandria location.
NEWPORT NEWS, VA-Columbia Equity Trust Inc. picks up Patrick Henry Corporate Center for $14.5 million. The 99,000-sf office building, which traded in early 2004 for about $10.8 million, is nearly fully occupied and counts a Northrop Grumman Corp. subsidiary as one of its tenants.
MCLEAN, VA-The RealShare Northern Virginia conference comes to town. The event will gather brokers, investors and developers alike at the Ritz-Carlton Tysons Corner to assess the ins-and-outs of this thriving market.
MCLEAN, VA-The RealShare Northern Virginia conference comes to town. The event will gather brokers, investors and developers alike at the Ritz-Carlton Tysons Corner to assess the ins-and-outs of this thriving market.
RESTON, VA-The renovation of the John Wesley Powell Federal Building, home to the US Geological Survey, reaches completion following a five-year process that allowed the facility to remain operational.
WASHINGTON, DC-Construction gets under way on Madrigal Lofts, a 259-unit condominium structure. It marks the second phase of development of the 2.1-million-sf mixed-use Mount Vernon Place project.
ALEXANDRIA, VA-A $44-million financing deal is put in place for the development of Carlyle Center, a 169,000-sf mixed-use property. The speculative project, located within the 80-acre Carlyle Development just outside of Old Town, is scheduled be completed next summer.
BALTIMORE-A team led by Struever Bros., Eccles & Rouse will convert the American Brewery, an abandoned 19th Century facility in East Baltimore, to an 87,000-sf office property. The $17-million redevelopment proposal was just accepted by city officials.
ARLINGTON, VA-A financing deal valued at $34.5 million closes for Plaza East, a 240,600-sf office building and 96,000-sf parking structure. The borrower, which owns the property free and clear, sought the loan for the purpose of taking advantage of low interest rates.
WASHINGTON, DC-A new hotel joins the roster of lodging properties near the city's new Convention Center. The Embassy Suites Hotel opens its doors following a two-year construction period. The 384-room cost approximately $95 million to complete.