CHESAPEAKE, VA-Seventeen North Distribution Facility a 168,000-sf warehouse property finds a new owner courtesy of a recent $7.2 million transaction. The new property is fully leased and is home to the likes of Sears, Roebuck & Co. and the International Paper Co.
BETHESDA, MD-Developer KSI Services selects Bovis Lend Lease as the general contractor for Midtown Bethesda North, a 230-unit luxury condominium property. Bovis will also provide preconstruction services for the $51-million endeavor.
WASHINGTON, DC-A financing package valued at $6.8 million closes for Lincoln-Westmoreland II, a 122-unit multifamily community operating under a Housing Assistance Payments contract with the District of Columbia Housing Authority.
MCLEAN, VA-JER Partners sells its 75% holdings in two assisted-living portfolios to joint venture partner Nationwide Health Properties Inc. The disposition of the 46 properties, which account for more than 1,550 units in 12 states, leaves JER with $121 million.
CHANTILLY, VA-The Long & Foster Cos. plans to develop a new 280,000-sf headquarters, marking an impending move from its current 81,000-sf home in Fairfax to new digs on a 40-acre parcel here. The property can accommodate up to one million sf of office space.
CHANTILLY, VA-The Long & Foster Cos. plans to develop a new 280,000-sf headquarters, marking an impending move from its current 81,000-sf home in Fairfax to new digs on a 40-acre parcel here. The property can accommodate up to one million sf of office space.
HALETHORPE, MD-Renovation work is about to get under way at the Baltimore area's Lansdowne Garden Apartments, a 167-unit affordable housing community owned by nonprofit developer Greater Baltimore AHC Inc. The $13.8 million project will be primarily funded through the Maryland Department of Housing and Community Development.
JESSUP, MD-Columbia East Marketplace, the property once known as Eastgate Shopping Center, readies for a $9-million makeover. Under the direction of new owner Atlantic Realty Cos., the renovation will convert the 172,000-sf retail center into a commercial condominium property.
BALTIMORE-The Baltimore Planning Commission approves a plan to publicly fund the 752-room lodging facility's development through the issuance of as much as $305 million in revenue bonds.
BALTIMORE-The Baltimore Planning Commission approves a plan to publicly fund the 752-room lodging facility's development through the issuance of as much as $305 million in revenue bonds.