FAIRFAX, VA-TUCON Construction Corp. is building the $4.6 million, 78,246-sf project, which will complete Prosperity Center, a 250,000-sf medical office complex owned and developed by Atlantic Realty Cos.

GAITHERSBURG, MD-The real estate development firm recently hired eight new staffers and announced one promotion. Scarfate comes to Buchanan Partners after 10 years at Microelectronic Packaging.

WASHINGTON, DC-To what extent does providing more efficient office workspaces affect the return on commercial real estate assets? That's the question BOMA hopes to answer in a new research and education project.

WASHINGTON, DC-The nation's largest provider of home financings will redeem 17 securities before their maturity dates, totaling $1.585 billion. The maturities are slated for July 9 for the principal amounts plus interest.

WASHINGTON, DC-CarrAmerican Urban Development will serve as project manager for the relocation oftThe Freedom Forum/Newseum from Arlington, VA to a building just west of the Capitol.

RICHMOND, VA-The multifamily REIT will pay dividends on both its common and preferred stock to all shareholders of record as of July 13, according to a vote by its board of directors.

WASHINGTON, DC-Fannie Mae has announced plans to redeem some $715 million in securities on July 2, at the principal amount plus interest, before they reach maturity.

WASHINGTON, DC-Meristar Hospitality Corp. has extended its solicitation of consents from holders of its some of its senior notes, following the closure of its merger with FelCor Lodging Trust.