Mid-Atlantic
Greystar & Ivanhoé Cambridge Team Up on Eco-Friendly D.C. Community
Greystar and Ivanhoé Cambridge are developing 801 New Jersey Ave., SE, a new mixed-use development in Washington, D.C.
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.
Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year
The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing.
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.