Office

WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.

NEW YORK CITY-Financial proxy solicitation company D.F. King commits to an 11-year, 26,000 sf lease at 48 Wall St. The signing brings occupancy at the 34-story office tower to 79%.

WEST HOLLYWOOD, CA-The three-story building is located at 8335 Sunset Blvd. The new owner plans to refurbish the structure. Brokers on the deal say the property drew six offers in excess of the $2.6 million asking price.

LONDON-Southside Capital--a joint venture between Taylor Woodrow, Kilmartin Property Group and Bank of Scotland--has lodged a planning application for its Pound 400 million ($580 million) redevelopment of the Royal Infirmary site in Edinburgh.

BETHESDA, MD-The Food and Drug Administration leases the 60,000-sf Montrose Metro Two building all for itself. The Guardian Realty development will be completed this summer and FDA staff is slated to occupy the four-story property in December.

DENVER-The consolidation of the Rocky Mountain News and Denver Post under one roof could result in the largest Downtown office lease in about a decade. Options include the new Legacy Plaza or Denver Post Tower, which is owned by Equity Office Properties Trust.

MIAMI-Metropolitan Life Insurance Co. of New York sold the three-story, 69,708-sf, 87%-leased Brandywine Center I office/restaurant complex in West Palm Beach, FL for $7.04 million or $100.57 per sf in March, as GlobeSt.com previously reported.

AUSTIN-A 30-member business contingent makes its second trip in two months to drum up new trade for Austin and its surrounding communities. The tactic worked before and the Greater Austin Chamber of Commerce is betting it will work again.