GAITHERSBURG, MD-The National Institute of Standards and Technology awarded a $174-million contract to build the Advanced Measurement Laboratory to a joint venture of Bethesda-based Clark Construction and Gilford of Beltsville. The 511,000-sf project is NIST's largest ever.
WASHINGTON, DC-Florida-based TelePlace lines up a former bakery as a data center location, moving near other telecommunications companies in the NOMA area. The company plans to spend $25 million to upgrade the 70-year-old building, which will be part of TelePlace's network around the world.
WASHINGTON, DC-Real estate investment trust stocks did well in the third quarter, as they have all year long. The results reverse last year's negative returns as value stocks outdo growth stocks across equity markets.
WASHINGTON DC-Lowe Enterprises Investment Management paid about $26 million for a 175,000-sf, 12-story building at 1101 Connecticut Ave. NW in Washington, DC on behalf of a pension fund client. The buyer plans to renovate the food court and raise rents.
WASHINGTON, DC-Human Rights Campaign became the latest nonprofit to raise money to buy its own headquarters in a bid to guard against rising rents. The group estimates it can save $15 million over 15 years by becoming its own landlord.
STERLING, VA-The Claude Moore Charitable Foundation wants to rezone a 600-acre tract next to Dulles Airport for higher density development. The Loudoun County site lies near the heart of a fast-growing area of a county known for resistance to development.
WASHINGTON, DC-A new Starwood Capital study identifies ways for investors to compare foreign real estate investments against a US benchmark rate of 20%. Borrowing by foreign governments and land use controls factor heavily in the outcome.
STERLING, VA-The Claude Moore Charitable Foundation wants to rezone 600-acre tract next to Dulles Airport for higher density development. The Loudoun County site lies near the heart of a fast-growing area of a county known for resistance to development.
WASHINGTON, DC-The Society of Industrial and Office Realtors commissioned two Wharton professors to conduct the first rigorous study that will measure the commercial real estate brokerage industry and assess how the Internet and information technology are likely to affect it.
WASHINGTON, DC-An Arlington-based nonprofit signs a $100-million contract to buy the much-prized Pennsylvania Avenue development site where it plans to build new Newseum, and pay installments of $10 million. DC Council has yet to approve the sole-source transaction.