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Lynn Richards Named President and CEO of the Congress for the New Urbanism

Lynn Richards Named President and CEO of the Congress for the New Urbanism

Nationally recognized smart growth expert Lynn Richards will become the next president and chief executive officer of the Congress for the New Urbanism, the organization announced today.…

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Tryko Expands Presence in Virginia With Acquisition of Peninsula Grove

Tryko Expands Presence in Virginia With Acquisition of Peninsula Grove

Tryko Partners has acquired the 580-unit Peninsula Grove at Town Center apartment community in Hampton, Va., from Intercontinental Real Estate Corp. The participants in the deal didn’t disclose the price.…

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LCOR to Begin Leasing New Apartments at North Bethesda Center

LCOR to Begin Leasing New Apartments at North Bethesda Center

LCOR will start leasing at the 341-unit Aurora, its apartment development in North Bethesda, Md., in June.…

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Manna Inc. Buys DC Apartment Community

Manna Inc. Buys DC Apartment Community

The 44-unit Vito Terrace Apartments in northwest Washington, D.C., has traded hands for an unspecified price.…

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Passco Acquires Class A Community in Raleigh, NC

Passco Acquires Class A Community in Raleigh, NC

Passco Companies has announced the acquisition of Carrington at Brier Creek for $37.3 million. The purchase of the Class A, 270-unit luxury garden-style community was on target for the company’s ongoing strategy to acquire high-quality core assets in high growth areas outside of primary markets. …

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Hoffman-Madison Waterfront Kicks Off Massive Mixed-Use Project in D.C.

Hoffman-Madison Waterfront Kicks Off Massive Mixed-Use Project in D.C.

Work has started on phase 1 of the Wharf on Washington in the district’s southwest waterfront. It is the beginning of a massive mixed-use project roughly a decade in the making.…

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Joint Venture Begins Construction on 84-unit Condo Community in Capitol Hill

Joint Venture Begins Construction on 84-unit Condo Community in Capitol Hill

Construction is underway on the second largest condominium development project in Washington, D.C., since the economic downturn. The project, The Maryland, is being developed by a Valor Development and DBT Development Group joint venture and Urban Pace.…

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MAC Realty Arranges Funding for a Madison Investments Acquisition and Development in DC

MAC Realty Arranges Funding for a Madison Investments Acquisition and Development in DC

Working on Behalf of Madison Investments, MAC Realty Advisors LLC has arranged a $27.4 million investment and senior construction loan to acquire and develop a site located in Washington, D.C.…

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Greysteel Names Doug Banerjee to Executive Committee

Greysteel Names Doug Banerjee to Executive Committee

The Greysteel Company announced the appointment of Doug Banerjee to the company’s Executive Committee. …

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Kettler to Build Mixed-Use High-Rise in Bethesda, Md.

Kettler to Build Mixed-Use High-Rise in Bethesda, Md.

After closing a construction loan with Helaba, developer Kettler unveils plans for a 101-unit high-rise in Bethesda, Md. …

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LGBT-Friendly Affordable Seniors Community Opens in Philly

LGBT-Friendly Affordable Seniors Community Opens in Philly

Pennrose Properties and dmhFund have opened John C. Anderson Apartments, the first LBGT-friendly affordable seniors housing community in Philadelphia, to great fanfare.…

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Leasing Begins at Eleven55Ripley in Suburban D.C.

Leasing Begins at Eleven55Ripley in Suburban D.C.

Home Properties has started leasing its newly constructed multifamily property, Eleven55Ripley. The asset, which is now the tallest building in Silver Spring, Md., features apartments, townhomes and a public pocket park. …

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