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Lehman To Buy All Of Archstone; INOVA Will Expand Even More

BIG MONEY—Lehman comes back with a bang to buy all of Archstone for $1.58 Billion. This means Equity Residential and its chairman Sam Zell will become very, very wealthy. Yesterday we mentioned that CalSTRS bought $800M worth of property as a partnership with LCOR, but we didn't mention that Lehman Bros. was the group they bought it from. That sale was facilitated by Weil, Gotshal & Manges (one of their PR reps wrote in to tell us that part). [WSJ; previously; CurbedInbox]

FAIR OAKS—The region clearly doesn't have enough health care facilities so INOVA is planning to build another one in Fair Oaks and they just announced they've selected Suffolk Construction Mid- Atlantic to build what they expect to be a LEED Silver building. Read all the deets after the jump. [CurbedInbox]

SUFFOLK CONSTRUCTION TO BUILD INOVA FAIR OAKS HOSPITAL’S NEW MEDICAL OFFICE BUILDING IV

FALLS CHURCH, VIRGINIA, May 23, 2012 – Suffolk Construction, one of the most successful, privately held building contractors in the country, announces today that its Mid- Atlantic Region was selected by INOVA Health System to build the new INOVA Fair Oaks Hospital Medical Office Building IV located in Fairfax, Virginia. Suffolk Construction Mid- Atlantic was selected based on the company’s award-winning national experience in healthcare construction combined with a local team of professionals who are committed to delivering the “Build Smart” approach to healthcare construction management.

INOVA Fair Oaks Medical Office Building IV is comprised of a 4-story core and shell totaling 115,000 SQF and a below grade level designed and constructed for a future radiation / oncology imaging suite with two linear accelerator (LINAC) vaults. Beyond the traditional bounds of the building floor plate, the project also includes the construction of a new campus entrance on Rugby Road; site clearing and construction of additional surface parking; installation of site lighting and traffic signals; and the necessary site improvements required around the new medical office building. The INOVA Fair Oaks Medical Office Building IV will pursue LEED ® Silver certification and will utilize Building Information Modeling (BIM) technology during construction.
Suffolk Construction Mid-Atlantic will join a team of industry experts including development consultant, Sittler Development Associates, LLC of Reston, Virginia; project architect, Architecture, Inc. of Reston, Virginia; civil engineer, Dewberry & Davis, LLC of Fairfax, Virginia; MEP engineer, Leach Wallace Associates, Inc. of Elkridge, Maryland; and structural engineer, Rathgeber / Goss Associates of Rockville, Maryland. INOVA Health System owns INOVA Fair Oaks Medical Office Building IV.
Suffolk Construction Mid-Atlantic is located at 3190 Fairview Park Drive, Falls Church, Virginia 22042. For more information about Suffolk Construction Mid-Atlantic, please call 703.286.3200 or email at contactmidatlantic@suffolkconstruction.com.
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Suffolk Construction Company
Suffolk Construction is one of the most successful privately-held building contractors in the country, providing preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors. Suffolk is based in Boston, Massachusetts and has a strong national presence with main offices throughout the Northeast, Mid- Atlantic, Southeast, and West Coast. Suffolk is committed to delivering its “build smart” approach to construction management on every project. The company’s teams provide clients comprehensive planning services, innovative solutions and technologies, and proven processes such as Building Information Modeling (BIM) that allow Suffolk to deliver the most complex building construction projects on schedule and on budget, with minimal risk. Suffolk is a community-conscious organization dedicated to environmentally-friendly and sustainable business practices, and is committed to making a positive impact in its local communities through strong leadership, proactive involvement, and grassroots volunteering. For more information about Suffolk, visit the official website at www.suffolkconstruction.com.