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Content about Baltimore-Washington metropolitan area

April 6, 2012

Inside the boundaries of Alexandria's historic districts developers must comply with strict design rules for approval but outside those areas, apparently anything goes.

New townhomes by Prolandian Corp are planned for the northern section of the city at 101 and 103 East Reed Avenue. A dilapidated 15,287 square foot plot of land will be turned into five townhomes with architecture that's being coined as "contemporary urban chic".

March 29, 2012

A planned residential and retail project by real estate developer JBG was met with mostly heavy opposition from community residents who live in the Twinbrook area of Rockville, where the project would be developed.

The site plan for 1800 Rockville Pike came before the City of Rockville planning board Wednesday night seeking approval from the commission. The approval of the site plan would have been the final step before permits are issued and construction starts for the urban style, low-rise project designed by architectural firm, Hord Coplan Macht.

December 16, 2011

Times was running out for a major lease set to expire in 2013 at the Silver Spring Metro Center, but the anchor tenant -- the National Oceanic and Atmospheric Administration (NOAA) -- has decided to stay and renew its lease for another 15 years. The administration has called the urban high-rise office buildings home since 1990.

December 14, 2011

Columbia Heights has been an evolving and dramatically changing area since the start of the 20thcentury.  The area is bounded by 16thstreet to the west, Georgia Avenue to the east, Florida Avenue to the south, and Spring Road to the north.  In the early 1900s, Columbia Heights was a highly desirable residential area, and it even had several streetcar lines connecting it to the central business district of Washington, DC. 

December 9, 2011
federal government allowed 96 percent of the office space under construction in the Maryland National Capital Region to be pre-leased

With a big help from the federal government, Maryland's "economic engine", Montgomery County, has managed to lead all jurisdictions outside the district in office space construction -- with nearly all of Montgomery County's primary office markets participating.

The latest data from Transwestern Mid-Atlantic with headquarters in Bethesda, shows office space construction in the county stands at nearly 2 million square feet, that puts it ahead of surrounding area jurisdictions including Fairfax and Arlington counties in Virginia.

November 4, 2011

A Developer plans a new project at the former Reed Brothers Dodge Dealership Site

The housing crisis has had ramifications not only for the overall economy, but the auto industry in particular was hit hard and has not recovered. It has yet to return to pre-recession levels. Where vehicles are the next-in-line purchase after real estate for most people, monthly vehicle sales—at one time during the recession—dropped to a level not seen since the early nineties. The hard hit American automakers left a trail of closed dealerships across the region as they cut back on their dealership networks.

November 3, 2011

A Virginia residential developer is proposing to tear down an existing office building on Key West Avenue in Rockville, and replace it with as much as 650 multi-family residential units that would most likely end up as apartments.

October 21, 2011

With no opposition from residents, the development at 10914 Georgia Avenue won unanimous approval from the Montgomery County Planning Board Thursday.

The project will be the latest residential development from downtown Bethesda-based Washington Property Company, which is also building the residential high-rise at 1150 Ripley Street in downtown Silver Spring.

October 14, 2011

Back in May 2010 the U.S. Postal Service issued an RFP through its brokerage firm to sell the site for redevelopment

The development planned for the current main post office site in the Silver Spring Central Business District won approval from the Montgomery County Planning Board Thursday.

Leading the development of the site is Chevy Chase-based Nova-Habitat incorporated which has been joined by McLean-based Insight Property Group LLC to build what is being marketed as the Fenwick Station apartments.

October 7, 2011

Fairfax County and Washington Examiner newspaper argue over Dulles Rail costs

Fairfax County Director of Public Affairs, Merni Fitzgerald is refuting claims made by a Washington Examiner newspaper editorial that the Dulles rail project is no longer on schedule, is over budget, and lacks transparency to the public.

The statement was posted on the Fairfax County government website calling the editorial titled "Airports authority head lied, and transparency died", a piece full of inaccuracies and stating opinions as facts.

September 13, 2011

Rockville-Based Washington Real Estate Investment (WRIT) (NYSE: WRE), which announced plans to dump industrial properties as well as some outside the beltway, has purchased an office complex on the north side of Old Towne Alexandria.

Built in 1985, Braddock Place office park contains 345,000 square feet and is adjacent to the Braddock Road Metro Station. Washington Real Estate Investment paid $101 million in cash for the four building property at 1310, 1320, 1330 and 1340 Braddock Place.

September 1, 2011

Rockville Town Center is continuing to take shape with a much needed office project breaking ground in Montgomery County's seat of operations.

Choice Hotels International (NYSE:CHH) will move 400 employees from 10750 Columbia Pike in Silver Spring to Rockville Metro Plaza II at 121 Rockville Pike, under a 15 year lease. The project is being developed, managed and owned by Foulger-Pratt.

September 1, 2011

The Fillmore is official in Silver Spring. The highly debated music hall which was funded by $8 million from Montgomery County and the State of Maryland Governments is almost complete with workers putting on the finishing touches.

The exclusive Fillmore Music Hall is the only one in the D.C. area and one of the few intimate indoor venues that is specifically designed to host national and local performances. The historic J.C. Penny property at 8656 Colesville Road was donated by Lee Development group and will be operated by Live Nation.

August 22, 2011

With a new grocery store anchor on the way, Federal Realty Investment Trust (FRIT) (NYSE: FRT)wants to make sure patrons are receiving the best experience at the Rockville Town Square.

August 9, 2011

The Class-A, LEED Gold buildings are adjacent to the King Farm mixed-use development.

Bethesda-based First Potomac Realty Trust (NYSE:FPO) announced that it has completed a lease transaction with DRS Defense Solutions, LLC to take space at Redland Corporate Center II in Rockville.

DRS, a technology defense contractor, will occupy 23,033 square feet, taking the entire ninth floor of the 210,862 square-foot Redland Corporate Center II. The company is anticipated to move in from its Bethesda office by March 2012 on a five-year term lease.

July 12, 2011

Choice Hotels International, Inc (NYSE:CHH)  has completed a lease agreement to move its global corporate headquarters to Rockville.

The popular hotel management company will take up an entire building to be constructed at 121 Rockville Pike. The 130,000 square foot Class A office building is expected to break ground shortly, for a projected spring 2013 move in.

June 25, 2012

Rockville-based, Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) has purchased an office building in the Ballston-Rosslyn corridor of Arlington, Va.

The eight-story, Fairgate at Ballston was built in 1988 and contains 147,000 square feet. It provides three-levels of underground parking for tenants that have leased 82 percent of the useable space in the building.

Washington Real Estate Investment Trust paid $52.25 Million for the building at 1005 N. Glebe Road, in an all cash transaction.

June 7, 2012

After formally announcing plans for a campus consolidation more than a year ago, the speculation as to whether jobs would leave its northern Virginia campus have proven to be true.

Exxon Mobil Corporation (NYSE:XOM) will move jobs from itsRefining and Supply Company; Research and Engineering Company and ExxonMobil Fuels, Lubricants & Specialties Marketing Company all based at its Fairfax County location, to the Houston, Texas metro area.

March 23, 2012

Sodexo, with North American headquarters in Gaithersburg, will begin to service an estimated 2 million visitors under a food service contract from the Smithsonian National Zoological Park in Washington, D.C.

The 10-year contract makes Sodexo, the National Zoo's new partner for providing foodservice. The company will work with Friends of the National Zoo (FONZ), offering café, concessions, catering services and new dining options at 22 sites throughout the National Zoo.

February 7, 2012

Returning to its place of origin in retail form, McCormick and Company, Inc. (NYSE:MKC), the company now based in the Sparks area of Baltimore County is expanding awareness of its global brand through its first store location which is expected to open summer 2012.

November 11, 2011

The existing gas station at 7100 Wisconsin Avenue is expected to be demolished by 2012's end

Washington Property Company is moving forward with plans to redevelop a gas station purchased by the company and turn it into mid-rise luxury apartments.

The 0.58 acre site located at 7100 Wisconsin Avenue is on the southern end of the Bethesda central business district (CBD), the site is highly visible from Bethesda's main thoroughfare and will add to several residential projects already under construction or close to breaking ground within Bethesda's CBD.

October 24, 2011

SAIC will upgrade the 210 Reveal Imaging CT-80 systems to its successor, the CT-80DR.

The U.S. Transportation Security Administration (TSA) has awarded Science Applications International Corporation (SAIC) (NYSE: SAI) a $25 million contract to upgrade security systems that detect explosives during checked baggage screenings.

October 18, 2011

Three firms signed multiple year leases totaling 23,802 square feet.

Bethesda-based First Potomac Realty Trust (NYSE: FPO) has signed its second large lease this month, this time at the Atlantic Corporate Park in Sterling, Virginia. The properties at 45600 & 45610 Woodland Road consist of two Class-A, 4-story office buildings built in 2008.

September 16, 2011

Rockville-based Washington Real Estate Investment Trust (WRIT) (NYSE: WRE), which recently purchased an office park in Alexandria on September 15th, announced the purchase of another Virginia property in the Tysons Corner area.

The John Marshall II was purchased for $73.5 million and is 100% leased to anchor tenant, Booz Allen Hamilton Inc which is also headquartered in the McLean / Tysons Corner area.