April 24, 2003 A 430-unit apartment complex in Virginia Beach, Va., has been sold for $33 million, or $76,744/unit.The property, Chase Arbor Apartments, was sold by a fund managed by UBS Realty Investors to Edwin A. Joseph, the chairman of ...
April 23, 2003 SouthTrust Bank has provided $32 million of financing for Westwood Tower, a 209,000-square-foot office building in Vienna, Va.The borrower, an overseas investor affiliated with Rim Pacific Management, bought the building in early 2000.The five-year loan has a ...
April 22, 2003 Fitch Ratings has downgraded the $28.8 million class D of COMM, 2000-FL3, to triple-B-minus from single-A-minus and placed the class on its rating watch negative list due to concerns it has with three loans that total 42 ...
April 22, 2003 The Virginian-PilotHoping to answer a judge's questions, the bankruptcy trustee in Commonwealth Enterprises LLC's Chapter 7 liquidation case has filed anew to sell the 60-room Tazewell Hotel & Suites downtown Norfolk, Va. This time, trustee Donna J. ...
April 22, 2003 The Virginian-PilotGlamour Corp., the family-run company that owns two Virginia Beach, Va., hotels wants to construct a six-story, suites-style inn near Corporate Landing Business Park. The hotel, which would cater to business travelers, would be built on ...
April 21, 2003 Washington Business JournalDefense contractor Titan has signed up for 254,000 square feet at Two Freedom Square in Reston, Va. The San Diego-based federal contractor, represented by Insignia/ESG, leased 146,000 sf directly from property owner Boston Properties and ...
April 21, 2003 Washington Business JournalUnisys finalized its much-anticipated lease for 280,000 square feet at Plaza America III, which is part of Plaza America, a 1.2 million-square-foot, mixed-use development adjacent to Reston Town Center. The government contractor signed a 15-year ...
April 14, 2003 The Virginian-PilotThe city of Norfolk, Va., is likely to consider other hotel projects for downtown, having waited for two years for hotel developer Donnell Thompson to proceed with his plans. In April 2001, Thompson Hospitality LLC proposed ...
April 14, 2003 Washington Business JournalBAE Systems has signed a tentative lease deal for a 161,000-square-foot office in Reston, Va., that has stood vacant since its completion 10 months ago. Trammell Crow developed and owns the south building in Arboretum ...
April 11, 2003 The Virginian-PilotThe Tazewell Hotel & Suites in Norfolk, Va., remains in limbo after a federal bankruptcy judge denied a motion yesterday to sell the bankrupt Granby Street hotel, which has 60 units. Commonwealth Enterprises LLC, owner of ...
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