WASHINGTON, DC-The US Department of the Treasury releases its report on TRIA, proclaiming that the legislation that allows for a $100-billion federal backstop for insurers' liability in the event of a terrorist attack should not be renewed beyond its scheduled expiration date of December 31.
WASHINGTON, DC-An affiliate of the JBG Cos. is taking over the 1,334-room hotel located near the National Zoo, and will submit it to a $50 million renovation.
WASHINGTON, DC-An affiliate of the JBG Cos. is taking over the 1,334-room hotel located near the National Zoo and will submit it to a $50-million renovation.
WASHINGTON, DC-Ogilvy Public Relations Worldwide leaves its home of nearly a quarter century and settles into its new 40,000-sf digs at 1111 19th St. NW. The company's new address is just around the corner from its previous one at 1901 L St.
TOWSON, MD-The continuing-care retirement community reveals plans for an expansion to its facility. The residential community, which offers accommodations for those seeking senior living through assisted living options, will spend $60 million to add a new 12-story tower to the property.
GAITHERSBURG, MD-The 33-unit apartment building at 439 N. Frederick Ave. hits the market three years after its last change in ownership and commands $3.3 million.
MILLERSVILLE, MD-The 31,000-sf flex/office property located at 8223 Cloverleaf Dr. in the four-structure Cloverleaf Business Park finds a new owner. The transaction comes on the heels of the disposition of the Baltimore-area park's three other buildings.
ALEXANDRIA, VA-AvalonBay Communities ends up with $59.7 million after selling off a 135-unit apartment property in Connecticut and two parcels of land in Washington and California. The proceeds from the dispositions are being applied toward the repayment of the company's credit facility.
WASHINGTON, DC-The Hotel Monticello comes under new ownership. JBS Ventures LLC plans to renovate the 47-room property in time to reopen the boutique hotel to visitors late this summer.
