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Archstone Starts Work on 227-Unit North Arlington Project

Archstone Starts Work on 227-Unit North Arlington Project

By Adrian Maties, Associate Editor Archstone, a recognized leader in apartment investment and operations, started work on June 5 on a brand-new 227-unit apartment community in North Arlington, one of the most affluent neighborhoods in the Washington, D.C., metropolitan area. The project is named Parkland Gardens. The development site is…

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Home Properties Buys Two Virginia Apartment Communities for $112.2M

Home Properties Buys Two Virginia Apartment Communities for $112.2M

By Adrian Maties, Associate Editor Home Properties Inc. (NYSE: HME) on May 23 announced that it paid a total of $112.2 million in recent weeks for the acquisition of two Virginia apartment communities. Hunter’s Crossing in Leesburg was purchased on May 11 for $16.2 million, or approximately $99,000 per apartment unit.…

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Monday Properties Selects CBRE to Market 1812 North Moore Street

Monday Properties Selects CBRE to Market 1812 North Moore Street

By Adrian Maties, Associate Editor   When finished, the building Monday Properties is constructing at 1812 N. Moore St. in Rosslyn, Va., will be the tallest office tower in the Washington, D.C., region. It will offer sensational views of Washington’s monuments across the Potomac River, as well as more than…

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1776 Massachusetts Ave. Sells for $45.5M to ELV Associates

1776 Massachusetts Ave. Sells for $45.5M to ELV Associates

By Adrian Maties, Associate Editor ELV Associates acquired 1776 Massachusetts Ave., N.W., paying $45.5 million, or about $498.29 per square foot. The Boston-based real estate investment and management firm acquired the building from 1776 Mass Ave. L.L.C., an affiliate of New York’s Joss Realty Partners L.L.C. The property was built…

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KBR to Construct Luxury Aurora High-Rise in North Bethesda

KBR to Construct Luxury Aurora High-Rise in North Bethesda

By Adrian Maties, Associate Editor LCOR, a leading real estate development company, has awarded a contract last week to the KBR Building Group to provide construction services for an 18-story luxury high-rise residential project in North Bethesda, Md. Named the Aurora, it will be the second of four high-rise residential…

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J.P. Morgan Buys Two Washington D.C. Apartment Buildings

J.P. Morgan Buys Two Washington D.C. Apartment Buildings

By Adrian Maties, Associate Editor J.P. Morgan Asset Management, a division of J.P. Morgan Chase, recently acquired the 909 at Capitol Yards and the Axiom at Capitol Yards, two apartment buildings located in Washington, D.C.’s Capitol Riverfront neighborhood. J.P. Morgan Asset Management acted on behalf of institutional investors. A few months…

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Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory

Lingerfelt Development Begins Work on $100M Complex for Health Diagnostic Laboratory

By Adrian Maties, Associate Editor Lingerfelt Development announced it has started demolition at the 34-acre Virginia BioTechnology Research Park in downtown Richmond. BioTech 3 is coming down to make way for the construction of a new complex that will serve as headquarters for Health Diagnostic Laboratory (HDL) Inc., a fast-growing CLIA-certified…

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Bozzuto’s 116-Unit vPoint Celebrates Grand Opening

Bozzuto’s 116-Unit vPoint Celebrates Grand Opening

By Adrian Maties, Associate Editor vPoint, a new high-rise, mixed-income apartment community, celebrated its grand opening in Clarendon, a popular Arlington neighborhood, on April 12. The Class A apartment complex was co-developed by Bozzuto Development Co. and Chesapeake Community Advisors in partnership with the Arlington County, Va., Housing Development Authority (VHDA)…

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114-Unit Adams Morgan Apartment Building Sells for $26M

114-Unit Adams Morgan Apartment Building Sells for $26M

By Adrian Maties, Associate Editor Washington, D.C.-based Urban Investment Partners L.L.C. and Infinity Real Estate of New York have paid $26 million for a 114-unit apartment building at 1841 Columbia Road, N.W., in Washington, D.C. The Fairfield Residential Co.  was the seller. New York-based Arbor Commercial Mortgage provided the acquisition and…

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Lowe Enterprises Starts $70M Crystal City Office Redevelopment

Lowe Enterprises Starts $70M Crystal City Office Redevelopment

By Adrian Maties, Associate Editor Lowe Enterprises hosted a ceremony on March 29 to mark the start of of its $70 million redevelopment of 1400 Crystal Drive in Crystal City, Va. Government, business and civic leaders were present at the event, among them Mary Hughes Hynes, chair of the Arlington County…

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Hamilton Square Expected to Sell for $200M

Hamilton Square Expected to Sell for $200M

By Adrian Maties, Associate Editor Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to [...]…

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Work to Finally Start on East Campus in 2013

Work to Finally Start on East Campus in 2013

By Adrian Maties, Associate Editor Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park [...]…

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