BALTIMORE-Signing off on the transfer of a tax break arrangement originated for the current owner of the Marriott Residence Inn Downtown/Inner Harbor, the Baltimore City Board of Estimates frees up the 188-suite property for purchase by another real estate company.
WASHINGTON, DC-Ownership of the Victor Building, the 310,600-sf office property at 750 9th St. NW, changes hands in a $157.5-million transaction. Originally built in 1909, the freestanding structure near the MCI Center was redeveloped six years ago.
WASHINGTON, DC-Ownership of the Victor Building, the 310,600-sf office property at 750 9th St. NW, changes hands in a $157.5-million transaction. Originally built in 1909, the freestanding structure near the MCI Center was redeveloped six years ago.
COLUMBIA, MD-Gateway Crossing 95, a multi-structure office property within the 630-acre Columbia Gateway Business Park near the intersection of Interstate 95 and Route 175, trades in a transaction valued at $26 million.
GERMANTOWN, MD-Century Center, the one-year-old mixed-use development at 19847 Century Blvd. in Germantown Town Center, reaches full occupancy. The first floor of the 60,000-sf property features 35,000 sf of retail space, while the second floor houses 25,000 sf of office space.
GERMANTOWN, MD-Century Center, the one-year-old mixed-use development at 19847 Century Blvd. in Germantown Town Center, reaches full occupancy. The first floor of the 60,000-sf property features 35,000 sf of retail space, while the second floor houses 25,000 sf of office space.
CHEVY CHASE, MD-CapitalSource Inc. reveals plans to elect REIT status, a move that will allow the commercial finance company to sidestep corporate tax by distributing the majority of its income to shareholders. If all goes as planned, CapitalSource will be taxed as a REIT beginning with the year 2006.
CHEVY CHASE, MD-CapitalSource Inc. reveals plans to elect REIT status, a move that will allow the commercial finance company to sidestep corporate tax by distributing the majority of its income to shareholders. If all goes as planned, CapitalSource will be taxed as a REIT beginning with the year 2006.
SOUTH RIDING, VA-Ground breaks on the Dulles South Public Safety Center, a 24,000-sf facility that will combine fire-rescue and law enforcement operations. The project, scheduled for completion in July 2006, has a construction cost of $5.9 million.
WASHINGTON, DC-Just one year under new ownership and the 156,700-sf office building at 1501 M St. NW hits the market again. The 11-story trophy property, located in the city's central business district, was snapped up in a $47.4-million deal last year.