Regions Midatlantic
Comcast-Spectacor to Close Down Spectrum
July 16, 2008

Comcast-Spectacor chairman Ed Snider said today that this will be the final year of the Spectrum. The Philadelphia-based sports and entertainment firm will close the 42-year-old Spectrum at the conclusion of the upcoming 2008-09 hockey and soccer seasons. It is still yet to be determined when and how the Spectrum will come down, whether by implosion or by other means. The arena opened in September, 1967 with the Quaker City Jazz Festival. After nearly 40 seasons of Philadelphia Flyers hockey and Philadelphia 76ers basketball, the Spectrum gave way to the Wachovia Center in l996.

 
Recent Midatlantic Headlines
Bozzuto Finds $75M for Baltimore Mixed-Use Project
Oct. 02, 2008
The Bozzuto Group has secured a $75 million construction-financing package and begun work on The Fitzgerald at UB Midtown, a mixed-use community going up on 4.6 acres owned by the University of Baltimore in the heart of Baltimore’s cultural district.
Duke Realty to Build $1B Office Campus for Defense Dept. in Suburban D.C.
Oct. 01, 2008
The U.S. Department of the Army, acting under the direction of the U.S. Department of Defense, has decided to make a new home at the 350-acre Mark Center in Alexandria, Va., and Duke Realty Corp. is going to provide the land and the development services for the 1.7 million-square-foot office compound. Construction of the approximately $1 billion project will allow for the unification of a group of 6,400 predominantly Army personnel from various leased office buildings in Northern Virginia at a single location.
portals $212M Bridge Financing in Place for D.C. Office
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Despite being slowed down by the economy's downward spiral and the debilitating credit crunch, Washington, D.C.'s office market has remained relatively strong. Still, securing a substantial financing deal in the midst of the Wall Street crisis may seem like a bit of a pipedream. A newly announced transaction, however, has disproved that notion.
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Forest City Secures $250M in Financing for 2.5M SF Mixed-Use Project in D.C.
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Flying in the face of the debilitating credit crunch, Forest City Enterprises Inc. has managed to close on a $250 million construction financing deal for Waterfront Station, a 2.5 million-square-foot mixed-use project underway in the blossoming southwest area of Washington, D.C.