Mid-Atlantic
Pecar Properties Turns Up the Luxury in DC
The company is joining the Capitol Hill area’s ‘church-to-condo’ craze with two upcoming luxury condo communities.
Top 10 NYC Multifamily Sales in July 2016
PropertyShark has compiled the 10 priciest multifamily property sales recorded in July 2016 in New York City. Keep reading to discover which areas were most popular, the types of deals being done, who some of the top deal makers are this summer and the borough that surprisingly claimed the top spot. Sale Price: $121,000,000 This seven-parcel deal includes properties at: 20-05 Shore Blvd. 20-25 Shore Blvd. 20-11 18th 20-32 19th 20-31 19th 20-11 20th 20-12 20th This new acquisition adds 444 Section 8 units to The Related Cos.’ portfolio. The firm has applied to add 53 more affordable housing…
Marcus & Millichap’s IPA Sells 21-Property Portfolio
The properties consist of 5,995 units spanning five states.
Walker & Dunlop Structures Refi for Bozzuto Property
The National Harbor apartments qualified for Fannie Mae’s Green Program.
Top 10 NYC Multifamily Sales in June 2016
PropertyShark has compiled the data and we’ve got the priciest multifamily property deals recorded in New York City in June. Read on to find out how each borough performed: 1. Sales Price: $139,600,000 Known as The Hamilton, this Yorkville tower with 265 residential units transferred last month in an uncharacteristic move by high profile developer Glenwood Management. Crain’s New York reports that the new owner, Bonjour Capital, may invest an additional $20M in upgrading the lobby, gym, and other amenities, though union workers fear their wages may be cut in half by the new buyer. 2. 3418-3446 91…
UIP Buys D.C. Building with a History
Urban Investment Partners plans 250 market-rate units for a former college dorm and hotel that played a cameo role in the Watergate scandal.
ROSS Management Lands 1,200-Unit Portfolio
Three properties are located in a Washington, D.C., suburb, and a fourth is in Richmond, Va.
Yardi Matrix: Richmond’s Rise
The capital of Virginia remains a steady market, having hit cycle-wide records this year for delivered units, rent growth, transaction volume, home prices and job gains.
Greysteel Markets Value-Add Asset in St. Mary’s County
The 102-unit Queen Anne Park in Lexington Park, Md., is currently owned by Whetstone Co.
DC Community Scores $140M
The Apartments at CityCenterDC is a 458-unit, Class A property.