BETHESDA, MD-Renovations of Shops at Sumner Place, formerly Little Falls Mall, are well underway with anchor store Safeway scheduled to open a 49,194-sf supermarket in February. Almost 70,000 sf in new leases are signed.
WASHINGTON, DC-The Carver Terrace Tenants and Civic Association-Wire Inc. and the Telesis Corp. joined forces to purchase Carver Terrace Apartments, a 33-building multifamily housing complex here. DCHFA is spear-heading the $15.35-Mil funding effort.
WASHINGTON, DC-George Washington University is purchasing the 151-room One Washington Circle Hotel for an undisclosed amount, according to information released today, Jan. 29. This is the university's second hotel.
GAITHERSBURG, MD-Surgi-Vision Inc. is the newest tenant at 20 Firstfield Rd. The firm is leasing 18,000 sf for its company headquarters and research and development center. Alexander Real Estate of Pasadena, CA owns the 54,000-sf building.
WASHINGTON, DC-The Building Owners and Managers Association International is the latest to introduce a Web portal to its membership. The site, http://www.boma.org/portal, is designed for those in or associated with the commercial real estate industry.
WASHINGTON, DC-National Multi-Housing Council survey results indicate that the economic slowdown will have a moderate impact on the industry. The debt financing index is the highest since the first survey in July 1999.
WASHINGTON, DC-Fannie Mae's $1.5-billion inaugural subordinated 10-year benchmark notes hit sell-out crowds early in the day. The notes, with interest rates of 6.25% and a 6.293% yield, are payable twice a year.
BALTIMORE, MD-After closing its $100-million securitization facility, MuniMae, through its subsidiary, Midland Mortgage, initiated a long-term credit enhancement through Fannie Mae. Its refinanced credit enhancement is on $80 million of existing securitization.
TYSON'S CORNER, VA-Portal Software and Juniper Networks are the two latest tenants leasing space in Woodland Park. Portal is taking 73,120 sf in Plaza Ridge II and Juniper has signed for 73,120 sf in Plaza Ridge I.
ARLINGTON, VA-Charles E. Smith is paying a dividend of $0.585 per share for the final quarter of 2000. Dividends are payable on Feb. 15 to shareholders of record as of Feb. 7.