WASHINGTON, DC-Allegheny Energy Inc. and PPL Corporation now own Potomac Electric Power Company's share in the coal-fired Conemaugh Generating Station near Johnstown, PA. The $156 million deal settled Jan. 8 and allows Peco to diversify operations.
WASHINGTON, DC-Fannie Mae is redeeming $790 mil in recallable midterm notes on Jan. 18, according to company officials. The notes carry interest rates averaging 6.4% and maturity dates from Sept. 2001 through Dec. 2002.
Washington, DC-ChainLink, a national retail realty services firm, is liquidating 38 closed Pep Boys locations. ChainLink is also adding realty services offices in New York, New Jersey, and New Mexico to its network.
WASHINGTON, DC-Fannie Mae is redeeming $25 million and $150 million in recallable universal fixed-interest securities. They have a maturity date of Jan. 12, 2005. The redemption date is Jan. 12, 2001.
BETHESDA, MD-Crestline Capital is opening its first Courtyard Marriott Hotel in Baltimore's Inner Harbor. Crestline Hotels & Resorts Inc. is managing the $12-million Baltimore/Inner Harbor Courtyard by Marriott.
WASHINGTON, DC-A survey by the Association of Foreign Investors in Real Estate cites New York, San Francisco, Boston and the District as the top four cities for real estate investment in 2001.
BETHESDA, MD-The Meridian Group recently closed a $19-million deal to sell three office buildings in Reston, VA to Guardian Realty Investors. The company also sold two other buildings in Herndon, VA for $55 million.
WASHINGTON,DC-Leggat McCall Properties'eight-story, 180,000-sf office building at 2025 M. St. is now fully leased. The law firm of Akin, Gump, Strauss, Hauer & Feld LLP will move into its 19,000-sf suite this month.
BALTIMORE, MD-MIE Properties Inc. has started building the first of four buildings at the 21-acre Troy Hill Corporate Center here. The four build-to-suit office buildings will total 152,000 sf, according to company officials.
WASHINGTON, DC-The passage of the New E-Conomy Transformation Act of 2000 offers timely incentives. The legislation, introduced by David A. Catania (R-At Large), offers 14 innovative incentives designed to bring high-tech companies to the District.