Archive for the ‘News’ Category

Developer Receives Loan to Build Clarendon Project

Arlington, Va.-based Ironwood Realty Partners LLC has received a $48 million loan to begin construction on Garfield Park at Clarendon Village in Arlington, according to the Washington Business Journal. The $66 million project will be a mixed-use project with 149 apartments; 22,000 square feet of retail space; and 2,700 square feet of office space. The project has received one of the

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D.C. Budget Issues Could Affect Development Plans

Budget issues and tight private construction financing in Washington, D.C., could halt some of the city’s development projects, according to The Washington Post. The city currently is working to close a $188 million gap for the 2011 budget, and the 2012 shortfall is estimated as high as $400 million. Additionally, the district is nearing a newly created limit on borrowing. This

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Maryland Adds Jobs in October

Maryland employers added 5,900 jobs in October with growth coming from the private sector, according to The Baltimore Sun. The unemployment rate was unchanged at 7.4 percent. Most major sectors in Maryland added jobs in October, including trade, transportation and utilities; professional and business services; and education and health services. The government sector cut 1,100 jobs. In October, 218,000 Maryland residents

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Roof is Expected to Extend Life of Hampton Coliseum

Staff members at the Hampton Coliseum in Hampton, Va., are hoping to unveil by Christmas a new $2.5 million PVC roof, which is expected to extend the building’s life, according to “We are within striking distance but are getting anxious to see completion because we would like to beat the weather,” says Joe Tsao, director of the Hampton Coliseum. “We

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