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WASHINGTON, DC-After a $70-million renovation, a dozen former Regal hotels bought by Millennium in 1999 are getting a name change. Company officials say they want to be major players in the four-star hotel market.
GREENBELT, MD-The Tysons Corner, VA-based real estate company bought twin Golden Triangle buildings and an adjoining 12-5 acre lot, which includes two retail pad sites and 9.5-acre office building site.
WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.
WASHINGTON, DC-Grubb & Ellis names eight mid-Atlantic commercial real estate professionals among the top 25 in their respective specialties during the past year. The brokers work in offices here, in Virginia and in Maryland.
WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.
GAITHERSBURG, MD-American Safety Financial Corp. helped out in the negotiations for the 51-acre site, which includes a 341,000-sf office building occupied by GE Information Services under a long-term lease.
WASHINGTON, DC-An initiative by the Congressional Black Caucus to increase home ownership rates announced this week has the backing of a wide group of real estate groups.
WASHINGTON, DC-Twenty-one properties across the country are being put on the block by Jones Lang LaSalle. Sealed bids for the big-box stores, which are being sold individually and not as a package, are due May 7.
WASHINGTON, DC-While the number of mortgage applications fell 1.5% from the week before, they were up 105.9% over the same week in 2000, according to the Mortgage Bankers Association of America.
ALEXANDRIA, VA-Socrates Verses has been named CEO of Realeum Inc., a startup company providing Web-based property management software for the multi-family real estate industry.