WASHINGTON, DC-As two planes, one a commercial jet, crashed into the twin towers of the World Trade Center in New York, causing them to implode, another commercial plane plowed into a helipad at the Pentagon, collapsing a section of that building. At least 22 people have been transported to Virginia Hospital Center.
WASHINGTON, DC-The survey looks at the nine largest servicing companies in the sector. Midland led the way with a portfolio of $45.1 billion. GMAC Commercial Mortgage did far better, but declined to participate in the association's research.
HERNDON, VA-The technology company is taking the entire 13-story, 405,000-sf building, which will deliver October 1. Tishman Speyer Properties is having success attracting tech tenants, even as the sector drags down the office market in Northern Virginia generally.
SILVER SPRING, MD-A major acquisition and disposition of assets at the upstate New York REIT included several properties in the Washington and Baltimore area. An apartment community here was purchased for $36.4 million, and four others were sold for $50 million.
WASHINGTON, DC-The delinquency rate of 4.7% is the highest the mortgage banking industry has had since 1992, and the Mortgage Bankers Association of America says it may go even higher over the next quarter or two.
ALEXANDRIA, VA-The Chicago REIT unloaded four office properties here described as non-strategic assets. An apartment building in Connecticut was also sold.
WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure rose 10.8%, and was up 92.7% compared with the same week last year.
BALTIMORE-The Hotel Employees and Restaurant Employees has launched an offensive against the developer of the proposed luxury hotel and condominium project after officials with L.I. Square Corp. refused to talk with HERE about allowing them to unionize workers on the building and operation of the project.
NORFOLK, VA-The Detroit automobile manufacturer will expand its plant here by 350,000 sf and plans to have equipment in place by June 2002 to roll out 2003 models of the Ford F-150 pickup truck.