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WASHINGTON, DC- JPMorgan Asset Management will pay $19 per share and assume $213 million of Columbia's debt when the transaction closes in 2007.
FREDERICK, MD-The area continues to tighten as flex space becaomes increasingly valuable, as illustrated by a handful of transactions this year.
BALTIMORE, MD-Ten executives from a Madison Marquette affiliate have joined the firm with plans to focus on retail transactions.
CRYSTAL CITY, VA-In a city especially impacted by the military base closings, this sale points toward a recovering market.
WASHINGTON, DC-New local hires for the international firm plan to focus on deals in the $60 to $100 million range.
BALTIMORE,MD-Asking rental rates, which are currently $5.30 per sf, are expected to rise 5% in 2007.
CHEVY CHASE, MD-The company miscalculated the amount of time an internal investigation would take. Meanwhile audit results are expected by mid-November.
BETHESDA, MD-A Finmarc refinancing and a $150-million portfolio sale could help Transwestern close $1.2 billion in transactions.
GREENBELT, MD-The buyer plans to spend $2.5 million in renovations to reposition the asset.