WASHINGTON, DC-Condos continue to pop up all over the District and with a recent groundbreaking, Jenkins Row moves toward making a December 2006 entrée into the market. The 247-unit luxury condominium building will sport a ground-level retail segment featuring a coveted 47,000-sf neighborhood grocery store.
TYSONS CORNER, VA-Ownership of Point West Plaza changes hands, again, courtesy of a recent $32 million transaction. The 162,000-sf office property at 8609 Westwood Center Dr. is turning a big profit for the seller, which purchased the property last year for $21 million.
RESTON, VA-A multi-faceted lease agreement is put together for law firm Cooley Godward LLP at One Freedom Square, a 410,300-sf office building just outside of Dulles Airport. By closing out a former sublease and expanding and extending an existing lease, the law firm now occupies 63,600 sf.
BALTIMORE-The city's approval of the sale of a 51-acre parcel to a developer paves the way for the construction of a 511,000-sf mixed-use project. The $32 million development will sit on a site called Hollander Ridge, which is the former home of a 1,000-unit public housing community.
WASHINGTON, DC-A bevy of organizations affiliated with commercial and residential real estate tip their hats to Congress for the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, legislation that will, among other benefits, prevent bankruptcy filers from avoiding rent for months on end.
WASHINGTON, DC-A brokerage team is selected to oversee subleasing of the 111,600-sf office building at 2001 Wisconsin Ave. on behalf of Georgetown University. The property will become available in 2007 when the current tenant, the American Academy of Sciences, relocates to other digs in the city.
BALTIMORE-The condo craze continues in Baltimore as plans come to the fore for Vistas on the Lake, a 170-unit market-rate condominium project. The development is expected to cost about $40 million to complete.
WASHINGTON, DC-An approximately 13,100-sf office building in Georgetown sells for $4 million, or $305 per-sf, in a recent transaction. Located just blocks from Georgetown University at 3240 Prospect St. NW, the structure dates back to 1916 and is fully occupied by the college.
WASHINGTON, DC-The Coalition to Insure Against Terrorism continues its efforts to convince Congress to extend the December 31, 2005 expiration of the Terrorism Risk Insurance Act of 2002 via testimony before the US Senate's Committee on Banking, Housing and Urban Affairs.
WASHINGTON, DC-The Coalition to Insure Against Terrorism continues its efforts to convince Congress to extend the December 31, 2005 expiration of the Terrorism Risk Insurance Act of 2002 via testimony before the US Senate's Committee on Banking, Housing and Urban Affairs.
