ARLINGTON, VA-The Dallas-based hospitality REIT expects the hotel to benefit from increasing demand in the DC market. Ashford plans to invest $13 million over the next year renovating all of the guestrooms
WASHINGTON, DC-According to the Mortgage Bankers Association, $345 billion in commercial/multifamily loans closed in 2005. That represents a 49.9% increase over the previous year.
GREENBELT, MD-A joint venture of the Bozzuto Group and Fannie Mae buys a multifamily portfolio for $98 million. It is the eleventh joint venture acquisition the pair has completed.
ROCKVILLE, MD-WRIT takes title to a pair of neighborhood shopping centers here. The REIT plans to renovate the mixed-use properties to improve occupancy.
ROCKVILLE, MD-The mixed-use community, which has received $100 million in government funding, is a model public-private partnership, say participants. And more lease activity is on the way.
ARLINGTON, VA-Brookfield is leveraging the recent sale of its Denver assets to expand in the Washington-area market. Its portfolio of class A office properties here comprises 2.3 million sf.
WASHINGTON, DC-The Supreme Court decided Cuno v. DaimlerChrysler on technical grounds, leaving some in the industry to wonder who else might challenge such tax incentive regimes. The Supreme Court said the plaintiffs did not have the standing to bring the case into the federal court system.
WASHINGTON, DC-The Supreme Court decided Cuno v. DaimlerChrysler on technical grounds, leaving some in the industry to wonder who else might challenge such tax incentive regimes. The Supreme Court said the plaintiffs did not have the standing to bring the case into the federal court system.
WASHINGTON, DC-In a unanimous decision, the Supreme Court dismisses the challenge to Ohio's tax incentive regime. The court rules that the plaintiffs--a group of taxpayers and local businesses--had not established proper standing.
