WASHINGTON DC-The Federal government's leasing and real estate arm chose the architectural and engineering firm Moshe Safdie & Associates from a field of four to design a new government headquarters building that will anchor an underdeveloped neighborhood.
FAIRFAX, VA-The Northern Virginia real estate market showed its strength again when JP Morgan Investment Management Inc. traded a six-story office building in Fairfax to GE Capital Realty for $25 million.
GAITHERSBURG, MD-Through its operating partnership, Saul Centers paid $4.2 million, or about $140 per sf, to its affiliate company, B.F. Saul, for a 30,000-sf office/flex building next to the Avenel Business Park.
BETHESDA, MD-Mortgage lender AMI Capital closed a 10-year, $9.7 million loan to acquire Avalon Woods Apartments through a Fannie Mae DUS loan. The rate is 7.97% and has a 30-year amortization.
WASHINGTON, DC-Americans don't want sprawl, but don't want to pay for it in taxes for preserving open space or by moving into housing on smaller lots or high-rise buildings, a new survey says.
WASHINGTON DC-The Smithsonian Institution has requested proposals for redesign of the National Museum of American History, to prepare both for planned future exhibits in the short run and larger visitorship in the long term.
FAIRFAX, VA-Prentiss Properties has broken ground on its third building in Willow Oaks, starting the last phase of development for the 387,469-sf park that it acquired in 1998.
WASHINGTON, DC-The House Transportation Committee chairman blocked a Department of Transportation request for $450 to $750 million to buy a HQ facility the month before the General Services Administration was expected to announce a new 20-year DOT headquarters lease.
WASHINGTON, DC -A DC Council committee gave Dominion Development about six weeks more time to line up retail tenants for the Camp Simms project and convince the city it can finish the project.
GAINESVILLE, VA.-A San Jose company has filed plans to build what may be the world's largest data center complex. The $1.4-billion facility will include 2.5 million sf and its own 250-megawatt generator. Protecting this massive facility from a targeted assault is a major concern.