Regions Midatlantic
Budget to Save Commercial Property Holders $21M in  D.C.
May 16, 2008

Commercial property holders in Washington, D.C. will save $21 million in savings for the year beginning in October following the D.C. Council's  passage of its 2009 budget, Washington Business Journal reported. The Council engaged a formula for lowering property taxes, but reduced savings for 2009. As a result, D.C. commercial property owners will pay $1.65 per $100 of assessed value, down from the usual $1.85, for the first $3 million of property they own.

 
Recent Midatlantic Headlines
Brandywine Realty Promotes DeVuono to EVP, Senior Managing Director, Pennsylvania Region
July 03, 2008
Brandywine Realty Trust promoted Jeff DeVuono to the position of executive vice president and senior managing director of Pennsylvania region.
Corus Bank Completes $60M Loan to Finance MF Construction in Washington, D.C.
July 03, 2008
Corus Bankshares Inc. said that its banking subsidiary, Corus Bank, closed a $60 million loan to a joint venture between The Cohen Cos. and O’Connor Capital Partners L.L.C. to finance the construction of Velocity, a 14-story condominium building located at 1025 First Street SE in Washington, D.C.
$850M Comcast Center Makes its Debut as Tallest Green Building in U.S.
July 03, 2008
The nearly 1.3 million-square-foot Comcast Center has just recently opened its doors with an estimated completion price tag of $850 million.
Washington, D.C. Experienced Positive Absorption, Cassidy & Pinkard Reports
July 01, 2008
Cassidy & Pinkard Colliers said today that Washington, D.C. metropolitan area office market experienced an overall positive net absorption of 217,900 square feet in the second quarter of 2008.
Binswanger Negotiates Lease for Material Concepts iin Philadelphia
June 30, 2008
Binswanger said today that Material Concepts Inc. has leased the 48,000-square-foot office and warehouse building at 11621 Caroline Road in Philadelphia, Pa.