State: Virginia - VA

The REIT has confirmed that it is in talks to buy out its partner in One and Two Freedom Square in Reston, Va. It would be buying the stakes from Terramark.

July 23, 2003 Host Marriott Corp. (NYSE:HMT) has sold three hotels for $71 million to the Procaccianti Group, a New England-based hotel ownership, management and construction company.Host Marriott, a Bethesda, Md., REIT, plans to use the proceeds from the sale ...

General Growth Properties is said to be shopping for more than $165 million of debt to finance a pending acquisition of Lynnhaven Mall, a 1.2 million-square-foot mall in Virginia Beach, Va.

July 21, 2003 Washington Business JournalESI International has leased 45,000 square feet in Arlington Gateway, the second lease signed at the project's 335,000-sf office building at 901 N. Glebe Road in Arlington, Va. Plans for the site also include a ...

The real estate advisory firm has sold Madison Place, an eight-story office building in Alexandria, Va., for about $20.5 million. The building, which is only about 60 percent leased, was sold to D.C.-based Carr Capital.

July 18, 2003 The Virginian-PilotThe Procaccianti Group has agreed to buy the Waterside Marriott Hotel, with plans to invest in an $8 million renovation of the 405-room luxury hotel in downtown Norfolk, Va. The Cranston, R.I., firm is expected to ...

July 18, 2003 Delaware Investment Advisors has provided a $22 million mortgage to the owners of the Kingstowne Towne Center Building T, a 150,684-square-foot office building in Alexandria, Va.Kenneth Gentzel and Gary McGlynn of Legg Mason Real Estate Services' Washington, ...

July 18, 2003 Prentiss Properties Trust (NYSE:PP) said in its quarterly report that MCI WorldCom Communications Inc. has indicated that, effective Aug. 15, the bankrupt telecommunications company will reject the 106,576-square-foot lease it has at 8521 Leesburg Pike in Vienna, ...

July 16, 2003 An affiliate of W.P. Carey & Co. (NYSE:WPC has paid $37 million for an 827,000-square-foot distribution center in Virginia Beach, Va., that it leased on a triple-net basis to Lillian Vernon Corp.The deal was done by Carey's ...

July 16, 2003 The Wall Street JournalWhen Hilco Real Estate LLC was hired last September by WorldCom Inc. – now called MCI –it was charged by the bankrupt firm to squeeze as much money as possible out of the 25 ...