WASHINGTON, DC-Construction employment sets a record for the 15th straight month, but area real estate developers do not foresee a significant impact on project costs.
VIENNA, VA-Feld Entertainment sells its headquarters here to America's Capital Partners for nearly $20.3 million. The parent company of Ringling Bros. and Barnum & Bailey, Disney on Ice and Disney Live enters into a 12-year leaseback arrangement.
WASHINGTON, DC-Pending tax-extender bills of key interest to the real estate community are likely to move forward this month. The bills involve the extension of a 15-year leasehold improvement depreciation as well as an immediate deductibility for brownfields cleanup costs.
WASHINGTON, DC-The Institute of Scrap Recycling Industries signs a 10-year deal for 14,276-sf in the Beacon Capital Partners-owned building. The site will be used for
BALTIMORE-The General Service Administration is putting a 1.9-million-sf up for sale at an online auction. Baltimore County could provide incentives and assistance with financing for the redevelopment of this historic facility.
BALTIMORE-Developers David Phillips and Nathaniel Tower join forces to establish a new retail investment, development and management firm. The private company's focus will be on acquiring under-performing shopping centers and strip malls east of the Mississippi.
BALTIMORE-An unsolicited bid prompts the agency to revisit prospects for the area. The city, which is seeking proposals for a mixed-use project, did not receive any responses to a previous RFP.
MCLEAN, VA-Longhouse refinances a 42-hotel portfolio for $264-million. The JER Partners-controlled group plans to acquire new hotels with the proceeds.
