WASHINGTON, DC-Perseus Retail Partners initiates a $250-million fund to provide joint venture equity and mezzanine debt for the development and repositioning of shopping centers. The financing will be available for non-mall retail properties in both suburban and urban areas across the country.
WASHINGTON, DC-Perseus Retail Partners initiates a $250-million fund to provide joint venture equity and mezzanine debt for the development and repositioning of shopping centers. The financing will be available for non-mall retail properties in both suburban and urban areas across the country.
BURTONSVILLE, MD-The Burtonsville Office Park, consisting of four structures with a total of 116,800 sf of class A and B space, sells for $22.4 million. The portfolio is 97% occupied and comes with a pad site that can accommodate an additional 30,000-sf building.
VIENNA, VA-Westwood Tower, a 250,000-sf office building just outside of the Tysons Corner submarket, gets snapped up in a transaction valued at $53.6 million. The property last changed hands in 2000 in a $40-million deal.
FAIRFAX, VA-The 191,200-sf office building at 4035 Ridge Top Rd. comes under new ownership in a $58.3-million transaction. Known as Crown Ridge@Fair Oaks, the fully occupied facility sits within close proximity to Route 50 and Interstate 66.
FAIRFAX, VA-The 191,200-sf office building at 4035 Ridge Top Rd. comes under new ownership in a $58.3-million transaction. Known as Crown Ridge@Fair Oaks, the fully occupied facility sits within close proximity to Route 50 and Interstate 66.
WASHINGTON, DC-A prime parcel of land encompassing one full block near the planned Nationals baseball stadium gets snapped for $55 million. The land acquisition paves the way for the buyer to move forward with plans for a $300-million mixed-use project.
WASHINGTON, DC-A prime parcel of land encompassing one full block near the planned Nationals baseball stadium gets snapped for $55 million. The land acquisition paves the way for the buyer to move forward with plans for a $300-million mixed-use project.
WASHINGTON, DC-The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 goes into effect today, toughening the rules for bankruptcy filers. The move prevents more debtors from eliminating the bulk of their debts through bankruptcy to gain a "fresh start."
TOWSON, MD-The new owner will submit the 13-year-old retail destination to a $30-million renovation. The upgrades will begin next year and are scheduled for completion in 2008.
