BALTIMORE-Pelham Wood Apartments will not have Berkshire Income Realty Inc. as an owner after all. The REIT decides to exercise the Buyers Right of Termination that was part of the planned $30.2 million acquisition agreement with the owner of the 464-unit property, Pelham Wood LLP.
WASHINGTON, DC-The redevelopment of part of the 356-acre site that is home to the now shuttered St Elizabeths Hospital makes progress courtesy of the US General Services Administration recent selection of Jones Lang LaSalle to develop a master plan for the property.
ROCKVILLE, MD-The first quarter proved to be a good period for Federal Realty Investment Trust. The REIT reveals that, compared to the same period in 2004, funds from operations are up, as are the same-center property operating income and the portfolio occupancy level.
ROCKVILLE, MD-Revitalization plans for the Downtown area continue to progress and the city's recent approval of a mixed-use project proposed by the Akridge Development Co. adds a new dimension to the renewal endeavor. Akridge's approved plan consists of a 485-unit condominium complex with retail space.
WASHINGTON, DC-The US Department of Housing and Urban Development will make a showing at the National Association of Real Estate Editors 39th Annual Conference in early June with the appearance of HUD Secretary Alphonso Jackson as a keynote speaker on opening day.
WASHINGTON, DC-Owner and developer Tishman Speyer Properties sells the premier 421,000-sf office facility to ING Clarion. Located in the District's East End, two-year-old One Metro Center is presently 90% occupied by such notable tenants as law firm White & Case LLP.
ARLINGTON, VA-Ballston Common Office Center, the 176,000-sf office building that caps the 578,000-sf Ballston Common Mall, finds a new owner as Forest City Enterprises Inc. acquires the 99% occupied office facility for $61.5 million. Forest City already owns the shopping center.
ARLINGTON, VA-Ballston Common Office Center, the 176,000-sf office building that caps the 578,000-sf Ballston Common Mall, finds a new owner as Forest City Enterprises Inc. acquires the 99% occupied office facility for $61.5 million. Forest City already owns the shopping center.
MCLEAN, VA-Sunrise Senior Living commits to acquiring Irving, TX-based senior housing development and management company Greystone Communities Inc. in a transaction that could reach as much as $52.5 million. The deal will leave Sunrise with 14 existing property management contracts, and then some.
MCLEAN, VA-Sunrise Senior Living commits to acquiring Irving, TX-based senior housing development and management company Greystone Communities Inc. in a transaction that could reach as much as $52.5 million. The deal will leave Sunrise with 14 existing property management contracts, and then some.
