News
DEAL OF THE DAY: CBRE Brokers $9.5M Value-Add Transaction in D.C. Area
Oxon Hill, Md.–CB Richard Ellis arranged the sale of Azalea Woods, a 305-unit apartment community located at 1101 Kennebec Street.
NanaWall Introduces Hurricane System for Midrise Buildings
Mill Valley, Calif.–NanaWall Systems has launched the NanaWall SL73 Miami Dade/AAMA Hurrican Folding System, designed for hurricane protection for buildings up to eight to 10 stories.
Connexion Donates Computers to Georgia Community Center
Loganville, Ga.—Connexion Technologies recently donated 12 laptops and Internet service to a manufactured home community serving more than 200 families.
USAA Purchases Suburban DC Site for Mixed-Use TOD
Arlington, Va.–USAA and Zom will create a Class A residential and retail destination, and further solidify the area’s reputation as a leader in transit-oriented development.
Wood Partners Completes Alta Hollywood Apartments
Los Angeles–Alta Hollywood, a 218-unit luxury multifamily development, has opened its third and final building for lease.
DEAL OF THE DAY: Donaldson Group and Equity Partner Buy Value-Add Opportunity from Tarragon
Temple Hills, Md.–The Donaldson Group and Angelo, Gordon & Co. acquired a 459-unit apartment community in Temple Hills, Md. for $38 million in an all-cash transaction.
Charles Dunn Welcomes Ron Azad as Senior Managing Director
Los Angeles—Ron Azad has joined Charles Dunn Company as senior managing director of its real estate services company. Azad will oversee the firm’s property management and asset management operations. Azad expressed excitement to be taking the helm during the firm’s growth and expansion efforts. He brings with him 30 years worth of experience, most of which took place at CB Richard Ellis Investors, where he started in 1982. While with CBRE Investors, he led real estate investment programs for several pension plans and a large sovereign wealth fund and managed over $2.8 billion of assets totaling more than 16 million…
Peterson and Bozzuto Partner for First National Harbor Apartments
Washington, DC–With the joint venture of The Peterson Companies and The Bozzuto Group, National Harbor will have its first apartment community.
Bill Introduced to Add LGBT Protection to Fair Housing Act
Washington, DC–House Democrats introduced the Housing Opportunities Made Equal (HOME) Act last week, which seeks to modify the Fair Housing Act and extend federal civil rights protections.
Stimulus Funds Help Kick Off Affordable Senior Housing Project
Waukegan, Ill.–The assistance of federal stimulus funds allowed Banner Apartments to begin constructing The Residences at Fountain Square outside Chicago.