ANNE ARUNDEL, MD-Work has begun on a 8,400-space parking garage that is part of a $1.8 billion improvement program at Baltimore-Washington International Airport. But the Department of Transportation is not homeless, as it prepare to construct an 85,000-sf facility near its old home.
MCLEAN, VA-PRC has made a change in its property plans after being acquired by Northrop Grumman. C&W has been brought in to lease half of the 570,000-sf project.
WASHINGTON, DC-BridgeStreet Corporate Housing Worldwide buys Paris-based Apalachee Bay Properties, which represents about 300 units of housing in that European city. This is MeriStar's second European expansion.
WASHINGTON, DC-These two government-sponsored enterprises led the way to $32.6 billion in mortgage originations during the first half of 2001, as players bank on multifamily housing as a safe investment bet no matter what the economy is doing.
FREDERICKSBURG, VA-The $12-million project has 188 rental townhouses. Built by Clark Realty Builders, the pair has now developed 900 townhouse units in Maryland and Virginia.
WASHINGTON, DC-With $200 million in a revolving fund for acquisitions, this company is looking to add to its assets, after recently acquiring a distribution center for Montgomery Ward in Brandywine, MD.
WASHINGTON, DC-A recent report by Grubb & Ellis details high vacancy rates, 39% nationwide. But the firm says the outlook is far from bleak. However, in this region, the pain is acute as space sits dormant and new construction is put on hold or abandoned altogether.
WASHINGTON, DC-Denise Mills comes in as director of MORPAC, the association's political action committee. Alicemary Leach will join the government affairs team, specializing in commercial issues.