Mid-Atlantic
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.
401-Unit Expansion of DC Area Community Gets Green Light
The South Rhodes Street Project will convert 105 pre-existing units into affordable housing, while also adding 401 apartments.
CBRE Arranges $82M in Acquisition Financing for MD Community
Centennial Holding Co. has acquired Camden Summerfeld, a 478-unit, Class A community in Landover, Md.
Virginia Office Park to Become Major Mixed-Use Community
Akridge sold the newly rezoned Preserve at Westfields in Fairfax County to two developers, which plan to create a mixed-use community with retail, multifamily and more.
Tishman Speyer to Transform Prime DC Site into Residences
The company will turn the two-acre site near Nationals Park into an 800-unit, mixed-use development.