Thursday, 22 September 2011

News, Trends & Resources - Washington Business Journal:

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Toll Bros. has retained H&R Retail as the exclusive leasing agent for two retail centers inNorthern Virginia. The centeres are South Riding Markeft Square and Dominion VallegMarket Square. H&R Retail principals Tim Crilley and Geoffreg Mackler will managethe leasing. At Southu Riding Market Square, Toll Bros. is adding 360,000 square feet of The center, at the intersectioh of Route 50 and LoudounCounty Parkway, already has a store and will have a Home Depog next spring. Dominion Valley Market Square in Haymarket isa 175,000-square-foot shopping center anchored by a Gianyt Food.
The rest of the at the intersection of Route 15 and DominionnValley Drive, needs to be The has picked Cambridge, a real estate services company in Herndon, to provide services for its Park Centerf I property in Alexandria. Cambridge will handle propertyu management, leasing and constructiohn management forthe building, which is at 3101 Park Centeer Drive. Northwestern Mutual recentlyu acquiredthe property. In the deal, the compant became the owner of all four office buildings atPark Center. Park Center I is fully leased, and 98 percent is occupiefd by agovernment tenant. The rest of the space is taken up by fiveretail tenants.
GTM Architectsw of Bethesda has won awards from the Marylandc and Washington chapters of the American Societg ofInterior Designers. First place in commercial interiorw for the Potomac Overlook YMCA inFort Washington, from the ASID Marylanf chapter. First place from the D.C. chaptef for health care space at the Scienna Med Spa in Honorable mention from the Maryland chapter for Matchbox in therestaurantz category. Honorable mention from the Marylandd chapter for Cowgirl Creamery in the historicpreservatiojn category. ., a McLean-based real estate investment named Michael Pralle president and chiefoperating officer.
He will manage JER's operations locally and internationally and overseethe company'x growth. Previously Pralle was the president and chierf executiveof , where he managecd a global portfolio with $78 billio n in assets across 28 He worked at GE for 18 years. "Michael's networjk of relationships inthe U.S., Europe, Latin Americ a and Asia will be of invaluable importanced as we continue to strategically grow our said Joseph Robert Jr., chairmaj and chief executive of the J. E. Robergt Cos. Crystal City will serve as a home for Arenwa Stageuntil 2010, while the theater undergoeds major renovations at its 1101 Sixty St. SW location in the District.
Arena Stage will be housedr at the Crystal anold 12,000-square-foot movie theater at the corne of South Bell and 20th streets. The which seats 460, will also accommodate Arena Stagreadministrative offices. The deal resulted from a collaboratio involvingArena Stage, the Crystal City Businessd Improvement District, /Charles E. Smith, Marriott and Arlingtoj CountyEconomic Development. Detailsz of the agreement werenot disclosed. "Arena is a world-classw theater," said Angela Fox, executive director of the BID. "We'rr thrilled to have them in Crystal City.
" Construction to transforkm the Forum into a performing arts space has already The Arena Stage will make its debuyton Dec. 28 with "Ella," a musica l based on the life of blues singetElla Fitzgerald. A formal opening is slated for Jan. 3, Fox

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