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Housing Prices Fall Most in Philadelphia, Las Vegas
May 09, 2008
The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index.
AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
May 09, 2008
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
44-Acre Purchase Paves Way for Durham M-F Project
May 08, 2008
Development of Phillips Research Park, a 344-residence apartment project in Durham, N.C., edges closer toward realization with Phillips Development & Realty L.L.C.'s completion of the acquisition of 44 acres of land. The parcel sits just north of the renowned 7,000-acre Research Triangle Park, the largest research park in the United States.
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
CBRE to Be Leasing Agent for 300 New Jersey in D.C.
May 08, 2008
CB Richard Ellis Inc. has announced local real estate investor and developer Ralph Dweck selected the firm to handle leasing for Washington, D.C.’s 300 New Jersey Ave., N.W.
GSA Renews Lease in Virginia
May 07, 2008
Lerner Enterprises of North Bethesda, Md., has announced that is has secured a lease renewal for 236,000 square feet with the General Services Administration (GSA) on behalf of the Department of Defense at 400 Army Navy Drive in Arlington (Pentagon City), Va.
Northern Virginia Office Property Set for $28M Upgrade
May 06, 2008
Century Center, a two-building office property just minutes outside of Washington, D.C. in Crystal City Va., will get a makeover, courtesy of owner Lowe Enterprises Real Estate Group.
Shopping Center Site in Greensboro, N.C., on Block
May 05, 2008
Hedgecock Builders Supply Co. of Greensboro, N.C., has put the former Hedgecock Builders Supply Co. site at Market Street and Guilford College Road on the block, it has announced.
Washington Property Leases Spave in Suburban Maryland
May 05, 2008
Washington Property Co. has reached the 100 percent leased mark at two of its commercial office buildings in suburban Maryland.
Binswanger Executes Five Leases in Philadelphia
May 05, 2008
On behalf of 1500 Walnut Enterprises L.L.C., Binswanger  announces the execution of five leases totaling 32,590 square feet at 1500 Walnut Street in Philadelphia, Pa.
1750 K D.C. Office Building Trades in $76M Deal
May 02, 2008
A 152,500-square-foot office building in Washington, D.C., has come under new ownership, courtesy of a transaction valued at $76 million. Sumitomo Corp. of America took the fully-leased debt-free property off the hands of The Bernstein Cos.
Opus East Breaks Ground on $200M D.C. Office Development
May 02, 2008
Opus East has broken ground on one of its office developments in Washington, D.C.
Philly Company to Specialize in Green Building
May 02, 2008
A new custom green builder in Philadelphia, Build It Green, was formed by a construction management company and a local green real estate developer.
GMH Military Housing Division Bought by Balfour Beatty
May 01, 2008
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
Mayfield Gentry Nabs D.C. Office
May 01, 2008
Mayfield Gentry Realty Advisors has agreed to purchase an 82,000-square-foot office building on K Street in Washington, D.C.
JV Secures $53M Loan for Washington, D.C. Mixed-Use Development
May 01, 2008
The joint venture of Canyon-Johnson Urban Fund and Donatelli Development has secured a $53 million construction loan with Citi Community Capital for Park Place, a ground-up, transit-oriented development comprised of 161 residential units and town homes, and community-serving retail in the Columbia Heights/Petworth submarket in northwest Washington, D.C.
Freddie Mac Will Not Issue a Reference REMIC(R) Security in May
May 01, 2008
Mclean, Va.-based Freddie Mac has announced it will not issue a Reference REMIC security during the week of May 12, 2008.
Philly Airport Area Considered for Casinos
May 01, 2008
State Senators Vincent Fumo and Reps. Mike O'Brien and Bill Keller, Democrats, have presented a measure to consider Harrisburg, Penn., near the airport, for Sugarhouse and Foxwoods casinos.
Fisher House Apartments Restoration Unveiled
April 29, 2008
The Arlington Partnership for Affordable Housing, the Virginia Housing Development Authority, Arlington County and Enterprise Community Investment, Inc. has announced the grand opening of Fisher House apartments, a complex for individuals and families earning 60 percent or less of area median income in Arlington, Va.
$217M Construction Loan for Virginia Mixed-Use
April 25, 2008
Global equity firm The Carlyle Group and developers Cypress Equities and Kettler have received a $217 million construction loan that paves the way for the building of The Village at Leesburg in Leesburg, Va.
Baltimore CityScape Moves Ahead
April 25, 2008
The Baltimore Development Corp. has announced that the CityScape project will be moving forward now that Mayor Sheila Dixon has approved its recommendation for the $112.5 million mixed-use project.
Associated Estates Takes Two Virginia MFs
April 22, 2008
Associated Estates Realty Corp. has purchased The Belvedere and River Forest apartments, two Class A apartment communities located in the Richmond, Va., metro area. from The Bogese Cos. for $75M, according to reports by both the buyer and seller.
Demolition Moves $189M Mixed-Use Project Forward in Virginia
April 17, 2008
The Aquia Towne Center in Stafford County, Va., is about to be reduced to rubble in order to pave the way for the continued redevelopment of the shopping center into a 725,000-square-foot mixed-use destination. Ramco-Gershenson Properties Trust will spend $189 million on the redevelopment effort.
D.C. Office Building Fetches Steep $837 Per SF
April 15, 2008
The office building at 2099 Pennsylvania Ave. NW in Washington, D.C., has come under new ownership, courtesy of a transaction valued at $172.5 million.
Hartley, Rob Leasing Slows in D.C. Office Market as Developers Add 3.2M SF 
April 14, 2008
In the first quarter of 2008, developers delivered about 3.2 million square feet of office space in the Washington, D.C., metropolitan region but managed to lease only 1.3 million square feet. 
 
Philadelphia
Housing Prices Fall Most in Philadelphia, Las Vegas
May 09, 2008
The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index.
Closing the Door on Condos
May 08, 2008
In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports.
New Kids' Museum Sets Grand Opening for October
May 07, 2008
The Please Touch Museum, currently occupying 11,000 square feet at 210 N. 21st St., will make its debut at its new location on October 18, officials of the Philadelphia arts facility just announced.
MORE MIDATLANTIC PHILADELPHIA HEADLINES
 
Washington DC
AHC Celebrates Opening of 108 New Affordable Rental Apartments in Arlington, Virginia
May 09, 2008
AHC Inc., the largest nonprofit developer and owner of affordable housing in Northern Virginia, celebrated the opening of The Frederick, a nine-story building with 108 new apartments for low- and moderate-income residents, it has announced.
Fourteen New Retailers, Eateries Coming to Westfield Annapolis
May 08, 2008 - Source: Baltimore Business Journal
The new stores are part of the mall's $160 million, 240,000 square-foot expansion.
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
MORE MIDATLANTIC WASHINGTON DC HEADLINES
 

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