The Frank S. Phillips Companies, a realtor and mortgage banking firm that had been in a downtown location since its founding 50 years ago, recently moved into its own new two-story building at 6106 Macarthur Blvd. Located in suburban Maryland, the office has a D.C. 20016 address. Built and owned by the Phillips firm, the building is expected to have another tenant within a few months.
Weaver Bros. Inc. handled the sale of the former GEM store at 2421 Chillum Rd., Hyattsville, to U-haul International Corp. for about $600,000. Teachers Insurance and Annuity Assocation of America was the seller. U-haul plans to renovate the 130,000 square-foot building on a 13-acre site.
Walker & Dunlop, a downtown mortgage banking firm, recently arranged a $1.6 million permanent loan for the Harrisonburg (Va.) Housing for the Elderly project. The 61-unit, mid-rise building is expected to be completed in February.
Robert Summers has been named resident manager of the Oakwood rental apartments in S. Alexandria.The 1,514-unit complex is owned by R & B Enterprises of Los Angeles.
M. Leanne Lachman, a former senior vice president of Real Estate Research Corp., has been elected president and chief executive officer of the Chicago-based firm that has had an office in Washington for 18 years.
The Baltimore office of H. G. Smithy Co. recently arranged $4.8 million in financing for the Twilley Center shopping complex in Salisbury, Md., and a $2.4 million mortgage on the Westgage office building in Annapolis.
James J. Aylor, formerly an awardwinning salesperson with U.S. Home here, has joined the Bethesda-based J. Robert Co. Inc. as director of new home sales.
The Maryland Association of Realtors will hold its annual fall conference, Oct. 26, 27, at the Annapolis Hilton.
Edwin B. Brooks Jr., president of Security Federal Savings and Loan Association in Richmond, has been nominated to be president of the U.S. League of Savings Associations. The election is scheduled at the league's annual convention that begins Oct. 28 in Chicago.
The George Hyman Construction Co., based in Bethesda, has established an office in Miami. The general contracting firm, one of the largest in the nation, currently is building a $20 million apartment building in Fort Lauderdale, Fla. Also, Hyman recently started a $20 million Marriott hotel at 22d and M streets NW in Washington.
The Metropolitan Washington Home Builders Association will hold its annual regional trade show Sept. 25 in the ballroom and exhibit center of the Sheraton-lanham.
The Marriott Corp. recently sold the Joshua Tree restaurant on an acre-plus site at Dolley Madison Boulevard and Old Dominion Drive in Mclean to Host Restaurants Inc. for $1.4 million.
The Northern Virginia Board of Realtors will hold its annual awards luncheon Sept. 6 at Valle's in Springfield. Four major awards will be presented.
The Washington office of Ivor B. Clark Co. Inc recently placed a $6.1 permanent mortgage on the new, 176-room Sheraton Potomac Inn at I-270 and Shady Grove Road in Montgomery County. The loan was made with the John Hancock Mutual Life Insurance Co. through its Washington correspondent, Donald H. Richardson Co. Inc.
A career seminar on opportunities for women in real estate appraising will be held Sept. 6 at the downtown YWCA. Sponsored by the American Institute of Real Estate Appraisers, the open-to-the-public seminar will include several panelists. For information dial (202) 544-2344.