WASHINGTON, DC-With the Terrorism Risk Insurance Act just seven months away from expiration, news emerges from Fitch Ratings that the absence of the federal backstop made possible through TRIA would disrupt the Commercial Mortgage Backed Securities market.
GAINESVILLE, VA-A new stable of office condominium properties totaling 237,000 sf becomes available with Hubert Contraction's completion of the Heritage Hunt Office Condos, the Ridgeview Office Condominium, and Dulles Trade Center I. Buchanan Partners is behind the development of the group of properties, which cost $19 million to construct.
WASHINGTON, DC-The office structure at 1110 Vermont Ave. NW gets a new owner with GMAC Institutional Advisors' acquisition of the majority interest in the 298,200-sf property on behalf of its value-added investment fund. The deal makes GMAC partners with Perseus Realty LLC and building developer Abbott Stillman.
WASHINGTON, DC-The office structure at 1110 Vermont Ave. NW gets a new owner with GMAC Institutional Advisors' acquisition of the majority interest in the 298,200-sf property on behalf of its value-added investment fund. The deal makes GMAC partners with Perseus Realty LLC and building developer Abbott Stillman.
BALTIMORE-Arlington County Estates Cooperative Apartments makes its official debut with a dedication ceremony attended by state and local officials. The 68-unit senior housing development offers tenants such extras as a community room, a library and access to public transportation.
ANNAPOLIS JUNCTION, MD-The Courtyard by Marriott Ft. Meade, developed just last year, finds a new owner as RLJ Urban Lodging LP acquires the 140-room hotel. Located in the National Business Park, the property features such amenities as 1,400 sf of meeting space.
FALLS CHURCH, VA-Developers Atlantic Realty Cos. and Carr Enterprises prepare to break ground on a two-part mixed-use endeavor on a nearly five-acre parcel near Route 66. The project consists of the 75,000-sf office facility 500 Maple Square and the 330,000-sf condominium building Pearson Square, which will feature a total of 27,000 sf of retail space between them.
FALLS CHURCH, VA-Developers Atlantic Realty Cos. and Carr Enterprises prepare to break ground on a two-part mixed-use endeavor on a nearly five-acre parcel near Route 66. The project consists of the 75,000-sf office facility 500 Maple Square and the 330,000-sf condominium building Pearson Square, which will feature a total of 27,000 sf of retail space between them.
WASHINGTON, DC-The US Supreme Court makes a ruling with implications for property rights with its decision yesterday in the case of Lingle v. Chevron USA, a court case out of Hawaii concerning a state law on gas station leasing costs limitations and whether the law constituted an unfair taking of property. The court's ruling on the case in favor of Hawaii clarifies the rights of property owners in takings claims, a homebuilding industry organization contends.
WASHINGTON, DC-The US Supreme Court makes a ruling with implications for property rights with its decision yesterday in the case of Lingle v. Chevron USA, a court case out of Hawaii concerning a state law on gas station leasing costs limitations and whether the law constituted an unfair taking of property. The court's ruling on the case in favor of Hawaii clarifies the rights of property owners in takings claims, a homebuilding industry organization contends.
