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Washington D.C.


Arlington’s Newly Built Grayson Flats Sold for $33M

Arlington’s Newly Built Grayson Flats Sold for $33M

Insight Property Group and Buvermo Investments Inc. have sold the Grayson Flats apartments in Arlington last month for $33 million, or roughly $492,500 per unit. The buyer, an affiliate of local development company Silverwood Companies, acquired the property about a month after it was finished.…

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Lerner to Start Construction on Windmill Parc Luxury Apartment Community in Dulles Town Center

Lerner to Start Construction on Windmill Parc Luxury Apartment Community in Dulles Town Center

Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, has announced last week it started construction on the Windmill Parc at Dulles Town Center. This new luxury apartment home community will open in phases, with the first residents moving in next year.…

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First Potomac to Sell Industrial Properties for $259M as Part of Strategic Plan

First Potomac to Sell Industrial Properties for $259M as Part of Strategic Plan

First Potomac Realty Trust announced on Monday, May 20, it has entered into two separate contracts to sell a portfolio of 24 industrial properties for a total of $259 million.…

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Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio

Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio

Lubert-Adler, a real estate investment company based in Philadelphia, recently purchased the Huntington Point apartment complex in Alexandria, Virginia. With this, its latest acquisition, Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.…

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Normandy Hotel Sells in Washington

Normandy Hotel Sells in Washington

Modus Hotels, a Washington, D.C.-based owner and operator of lifestyle hotels, has partnered with Alex. Brown Realty (ABR), a real estate manager based in Baltimore, to purchase the Normandy Hotel in Washington, D.C.’s Dupont Circle. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the…

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Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg

Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg

Tanger Factory Outlet Centers Inc., a publicly-traded REIT headquartered in Greensboro, North Carolina, and The Peterson Cos., one of the largest privately-owned real estate development companies in the Washington, D.C. region, have joined forces to bring a new, upscale outlet center to the Washington, D.C. metro area.…

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The District, Woodvale Apartments Change Hands as D.C.’s Apartment Market Heats Up

The District, Woodvale Apartments Change Hands as D.C.’s Apartment Market Heats Up

Apartments in the Washington, D.C. metro area are selling fast and for a lot of money. Just this past month, investors paid close to one billion dollars for properties totaling around 3,500 units.…

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450-Unit Silver Spring Apartment Community Sells to JBG

450-Unit Silver Spring Apartment Community Sells to JBG

The JBG Companies, a Chevy Chase-based private real estate development firm that develops, owns and manages office, residential, hotel and retail properties, has acquired the Falkland Chase apartments, a prominent apartment community in downtown Silver Spring. Home Properties of Rochester was the seller.…

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Akridge, Mitsui Fudosan America Celebrate Groundbreaking of 168,000 SF D.C. Office Building

Akridge, Mitsui Fudosan America Celebrate Groundbreaking of 168,000 SF D.C. Office Building

Akridge, a full service real estate firm, and Mitsui Fudosan America, the U.S. subsidiary of Mitsui Fudosan Co., Ltd., Japan's largest publicly quoted real estate company, celebrated the groundbreaking of a new trophy-class office project at 1200 Seventeenth Street on March 26. Mitsui Fudosan America's CEO, Yukio Yoshida, Pillsbury…

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Campus Apartments, Howard University to Develop $107M Student Housing Project

Campus Apartments, Howard University to Develop $107M Student Housing Project

Campus Apartments, LLC, the oldest and one of the largest privately held student housing companies in the nation, announced on March 19 it will develop two new on-campus residential facilities for the Howard University. The project has an estimated cost of $107 million and is expected to energize the southeast…

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Monday Properties, Goldman Obtain $200M Construction Loan for 1812 N. Moore St.

Monday Properties, Goldman Obtain $200M Construction Loan for 1812 N. Moore St.

Monday Properties and Goldman Sachs’ Real Estate Principal Investment Area have closed a $200 million construction loan with Pacific Life Insurance Company for 1812 North Moore Street. The 390-foot building will be the tallest and greenest office tower in the Washington, DC region.…

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Insight Prepares to Add TODs Valued at $153M to DC Area

Insight Prepares to Add TODs Valued at $153M to DC Area

Insight Property Group announced on Monday it recently started work on two major transit-oriented apartment projects in the Washington, DC area. The Arlington, Virginia-based multifamily developer also said it is nearing completion on a third project. The total cost of these three projects is $153 million.…

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