ALEXANDRIA, VA-AvalonBay Communities has announced several key management changes. Blair will take over as president and CEO, while Michaux will move from chairman and CEO to executive chairman.
BETHESDA, MD-The Washington Metropolitan Area Transit Authority's pact with LCOR to develop a $450-million mixed-use development near a suburban Metro station is the largest ever approved by the Metro authority.
McLEAN, VA-The group's priorities are legislation, education and membership. At the moment, the new affiliate's priority is building up its roster of members. NAMB is focused on reaching out to new state affiliates so the whole industry is represented.
WASHINGTON, DC-The first of the business centers, which will provide desk space for 7,000 workers, will open in Herndon, VA, in April. The centers are expected to generate $50 million a year.
BALTIMORE, MD-MuniMae reports its cash available for distribution for the 2000 was up 21% over the year before, and that it originated equity financing for 8,570 multifamily units.
VIENNA, VA-Principal Realty Advisors, formed here by industry veteran Debra Stracke Anderson, will focus on transactional representation, asset services consulting and project management throughout the Mid Atlantic.
HERNDON, VA-Construction of a 141,545-sf tech-ready office building has already begun, with an expected completion date of November. The building is part of a larger office park in Northern Virginia's high-tech corridor.
MCLEAN, VA-An investors group now owns the senior living communities, which will continue to be managed by Sunrise. Sunrise officials say they plan to sell up to 20 properties a year.
WASHINGTON, DC-Trammell Crow Co. will serve as the leasing agent for two new telecommunications buildings, the first to be built within city limits specifically with data centers in mind.