WASHINGTON, DC-National housing advocates brand the federal government's role in assisting those displaced by Hurricane Katrina insufficient. They call on Congress and the White House to make immediate changes to address the problem of those left homeless in the Gulf Coast region.
FREDERICKSBURG, VA-Two multifamily complexes, Snowden Village Apartments and Steeplechase Apartments, sell in two separate deals. Seller Aimco Properties walks away with an aggregate $38 million for the rental communities, which account for a total of 410 class B residences.
WASHINGTON, DC-The District CFO reports that development cost estimates for the new Washington Nationals baseball stadium have skyrocketed from the previously settled upon $535 million in predominantly public funds to $589 million.
WASHINGTON, DC-The District CFO reports that development cost estimates for the new Washington Nationals baseball stadium have skyrocketed from the previously settled upon $535 million in predominantly public funds to $589 million.
BALTIMORE-The new building housing the Carnegie Institution of Washington's Department of Embryology reaches completion and prepares for an official opening tomorrow on the Johns Hopkins Campus. The research facility was developed along with a 46,000-sf companion office building at a total cost of approximately $42 million.
BETHESDA, MD-Two Rockledge Centre a 247,100-sf office building at 6701 Rockledge Dr., finds a new owner. GE Asset Management acquires the 100% occupied facility, which has a current assessed valued of $39 million.
BETHESDA, MD-LaSalle Hotel Properties commits to acquiring three hotels in the San Diego, Seattle and Washington, DC markets. The lodging REIT will spend a total of $162.2 million and will invest millions on repositioning endeavors.
BETHESDA, MD-LaSalle Hotel Properties commits to acquiring three hotels in the San Diego, Seattle and Washington, DC markets. The lodging REIT will spend a total of $162.2 million and will invest millions on repositioning endeavors.
GREENBELT, MD-Mack-Cali Realty Corp.'s agrees to acquire the 842,300-sf Capital Office Park. The REIT will spend $161.7 million in the form of debt assumption and shares to purchase 100% interest in the property.