Mid-Atlantic
TODAY’S DEALS: Security Properties Finds TOD Value Along D.C.’s Silver Line Expansion
Security Properties completes a $31 million buy in Northern Virginia; a joint venture kicks off an apartment redevelopment play in D.C.; and Grandbridge arranges three Nevada multifamily loans.
Trammell Crow to Develop Apartments in Maryland
Financing is now in place for Trammell Crow Residential’s development of Alexan Concorde Circle, a 310-unit apartment property in Linthicum, Md.
Bozzuto Management Commissions Luxury Model Apartment
HDG delivers high-end design for Washington, D.C. apartment community
Castle Lanterra Buys Apartment Community in Annapolis
Castle Lanterra Properties, a privately held real estate firm, has acquired Watergate Village, a 608-unit multifamily property in Annapolis, for $105 million. The seller was Columbia Realty Venture of Annapolis.
Banking on Interior Renovations
A joint venture acquisition between Tryko Partners and Investcorp of Fairways at Towson Apartments, an 828-unit apartment community in Baltimore, has been announced.
HUD to Distribute $150M to State Housing Agencies for Low-Income Rental Assistance
HUD has awarded $150 million in rental assistance to 25 state housing agencies, with the goal of preventing individuals with disabilities from being institutionalized or possibly falling into homelessness.
ULI and The MacArthur Foundation Launch Online Portal
The Urban Land Institute (ULI), with the support of the John D. and Catherine T. MacArthur Foundation, has launched How Housing Matters, an interdisciplinary online portal focused on housing’s role in individual and neighborhood well being.
Lakisha Woods Named NAHB Chief Marketing Officer
The National Association of Home Builders announced the promotion of veteran staff member Lakisha Woods, CAE to chief marketing officer.
Freddie Mac Closes Largest MHC Portfolio with Walker & Dunlop
Walker & Dunlop Inc. announced the closing of a $177 million loan portfolio with Sun Communities (Sun) that includes 13 manufactured housing communities in Michigan, Colorado, Minnesota, Wisconsin and Florida.