Mid-Atlantic
Armada Hoffler Properties Invests $42M in Annapolis Junction Town Center
Armada Hoffler Properties Inc. company reached an agreement with the developer of the 416-unit multifamily component of the project.
Top 10 NYC Multifamily Sales in March 2016
March 2016 records reveal an active month for NYC multifamily deals. Dive into the data from PropertyShark and discover who the top deal-makers of March were, as well as discovering the premium being put on apartment buildings compared to just a few years ago. 1. 760-774 3rd Avenue, Manhattan Sale Price: $270,000,000 Buyer: 160 East 48th Street Owner II LLC Seller: Buchanan Apartments LLC The biggest deal of the month goes to a joint venture between Madison Realty and USAA Real Estate. The ‘Buchanan’ building houses 299 apartments, as well as office and retail space. Almost 200 of the…
Madison Realty Capital Provides First Mortgage Loan for 72nd St. Conversion in Manhattan
The five-story Vanderbilt Mansion is ready for redevelopment into a 7-story, 18,412-square-foot property encompassing three luxury condominium units.
Greysteel Names Director of Multifamily Investment Sales Division
Meet Rawles Wilcox, Greysteel’s most recent addition to the multifamily investment sales team.
Woodfield Dulles Station Gets $69M Construction Loan
HFF arranged the financing for Woodfield Dulles Station, a 400-unit apartment complex that will be part of the 63-acre Dulles Station master-planned community.
Top 10 NYC Multifamily Sales in February 2016
February’s recorded sales show a strong demand for multifamily apartment buildings in New York. Manhattan led the pack, with multiple package deals that could promise exciting new redevelopments. Brooklyn, Queens and even the Bronx make appearances, too. Check out the most expensive transactions, and the latest data from PropertyShark. 1. 420-423 E. 54 St., Manhattan Sale Price: $390,000,000 Buyer: River Tower Owner, LLC Seller: EQR-River Tower A, LLC East Midtown’s RiverTower building tops February’s recorded sales at a healthy $390M. While it sold at significantly less than was predicted by The Real Deal, Sam Zell’s Equity Residential was rumored…
Bozzuto Chosen to Manage DC’s 5333 Connecticut
The new, all-glass, 261-unit apartment community from developer Calvin Cafritz Enterprises is opening in the city’s Chevy Chase neighborhood, near the Metro, shopping and fine dining in Friendship Heights.
Marcus & Millichap Arranges 42-Unit Sale in Southeast D.C.
The Geraldine, a Congress Heights three-story brick and concrete building, commanded $91,000 per unit, bringing the transaction total to $3.8 million.
JLL Secures Financing for Fully Affordable Senior Housing Tower in B-more County
The transaction includes renovation costs aiming to make the 200-unit community in Towson, Md. more energy efficient and handicap accessible.
Greysteel Arranges Sale of Multifamily Community in Capitol Heights, Md.
Located at 5225 Marlboro Pike, the Crest Apartments community sits within D.C.’s Capital Beltway and offers convenient transportation links.