BETHESDA, MD-Dan Hudson, Bankmark CEO, is the American Association of Bank Directors' new issues advisor and head of the new bank committee. The association will draw on Hudson's expertise to develop programs for new banks.
WASHINGTON, DC-Steptoe & Johnson's acquisition of 1330 Connecticut Ave. is now complete. Affiliates of the firm purchased the 10-story, 260,000-sf, class A office building from Heightman Capital Management for $73 million.
WASHINGTON, DC-REITs have a promising outlook for 2001, say association leaders. Legislatively, the group will battle for E-fairness, is against forced access, and wants to see shorter depreciation schedules.
PORTSMOUTH, VA-Bethesda, MD-based Crestline Capital Corporation and Stormont Trice Development opened the $48 million Renaissance Portsmouth Hotel and Waterfront Conference Center here at 1 p.m. on Jan 10. The 250-room hotel has a 24,000-sf conference center.
WASHINGTON, DC-Michael A. Grupe, vice president of research for NAREIT, recaps the REIT's performance during 2000. Returns by sector are lodging, 46%, office and apartments, 35%, and industrial, regional mall, diversified and health care, 25% to 30% range.
WASHINGTON, DC-Fannie Mae is redeeming another $1.265 billion in recallable notes on Jan. 19, 2001. A combination of eight midterm, global, universal retail and universal fixed interest securities are targeted.
WASHINGTON, DC-William S. Asbill and Robert F. Donhauser are joining Holliday Fenoglio Folwer to hand the firm's debt and equity assignments here, according to information released by the firm on Jan. 9.
BETHESDA, MD-Crestline Hotels & Resorts is now managing two of Equity Inns Inc.'s 20 hotels, according to information released by company officials.
WASHINGTON, DC-Marriott International Inc.'s fixed income investors learned, on Jan. 8, that the future looks good for the hospitality company. The revenue per available room is expected to increase up to 7.5%.
BALTIMORE, MD-Fujitsu Network Communications will soon be occupying 46,000-sf in the International Trade Center near the Baltimore Washington International Airport, according to officials from MIE Properties. The company will occupy 2409 Peppermill Dr.
