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Real Estate Weekly – 2/3/12: Pepco agrees to purchase WaterShed house
Pepco agrees to purchase WaterShed house Pepco, the Arlington, Va.-based energy company, agreed to buy WaterShed, the prize-winning solar-powered house that earned the University of Maryland top honors in an international solar energy competition sponsored by the U.S. Department of Energy. Pepco plans to reassemble the now-disassembled house, which was designed and built by UM […]
Real Estate Weekly – 1/20/12: Maryland ranks 5th in LEED buildings
Whitewater course defaults on loan (AP) The operator of a publicly financed whitewater course in far western Maryland said it has defaulted on loan payments and is considering a change in ownership. Officials of Adventure Sports Center International in McHenry said Thursday the 5-year-old facility is in no danger of closing. Executive Director Matt Taylor […]
Real Estate Weekly – 1/6/12: Hopkins to open $1.1B building in April
Groundbreaking for Silver Spring apartments Home Properties Inc. of Rochester, N.Y., a multifamily residential real estate investment trust, announced the groundbreaking of Eleven55 Ripley, a new apartment development in downtown Silver Spring. The two-building complex — one 21 stories high, the other 5 stories tall — will contain 379 apartments, as well as urban rowhouses […]
Real Estate Weekly – 11/4/11: New development in downtown Columbia
WRIT completes industrial assets’ sale Washington Real Estate Investment Trust of Rockville, which has been selling off its industrial assets in order to reposition its portfolio, said it completed its fifth and final transaction of its industrial holdings by closing on the sale of two properties in Virginia, Dulles Business Park and 6100 Columbia Park […]
Real Estate Weekly – 10/21/11: LaSalle’s third-quarter results improve
LaSalle’s third-quarter results improve LaSalle Hotel Properties of Bethesda, a real estate investment trust that owns 36 upscale and luxury hotels nationwide, reported improvement in its third-quarter funds from operations, due to more rooms being booked and increased room rates. The REIT reported FFO of $41.9 million, or 49 cents per diluted share, in this […]
Week in review: 10/14/11
More offshore wind leases? Gov. Martin O’Malley said Tuesday in Baltimore that his administration is working on an offshore wind energy bill after one that would have required utilities to enter into long-term contracts was shelved during the last legislative session. The nation’s second offshore wind power lease could be issued within weeks, and more could […]
Real Estate Weekly – 8/5/11: Road safety project funded in Howard County
New fire station underway in Glen Burnie The Mullan Contracting Co. of Lutherville has been awarded a contract to construct the new Marley Fire Station, an 11,000-square-foot structure located near the intersection of Baltimore-Annapolis Boulevard and McGuirk Avenue in Glen Burnie. Site work has commenced on the $2.8 million project, of which funding for $1.8 million […]
Real Estate Weekly – 7/22/11: Walmart Supercenter slated for Denton
Hotel planned for Maple Lawn Two local real estate development companies, St. John Properties Inc. and Greenebaum and Rose Associates, announced plans to construct a new, full-service hotel at Maple Lawn, a 600-acre, mixed-use community in Howard County. The hotel will contain 130-140 rooms and is expected to open by fall 2012, according to the […]
Real Estate Weekly: WRIT closes acquisition of Gateway Overlook center
Washington Real Estate Investment Trust of Rockville has acquired a 214,281-square-foot Class A shopping center in Columbia for $88.35 million. The seller was General Growth Properties. Gateway Overlook is a 528,350-square-foot retail center anchored by Costco and Lowe’s Home Improvement. The space purchased by WRIT excludes the Costco and Lowe’s parcels. The property, built in […]
