Mid-Atlantic
LDG, HOC Partner on Redevelopment Project in Silver Spring, Md.
Lee Development Group and the Housing Opportunities Commission of Montgomery County have announced a partnership to redevelop three parcels in the downtown area of Silver Spring, Md., into mixed-use and transit-oriented affordable housing.
Peak Campus Development Begins Construction on Second Phase of The Pavilion
Peak Campus Development has announced that it has broken ground on the second phase of its Charlottesville, Va., student housing community, Pavilion at North Grounds.
First Affordable Housing Loan Closed Under New Freddie Mac Program
Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative, the goal of which is to keep rental housing affordable for lower-income families and lower costs involved with financing for tax exempt multifamily properties, has closed its first loan.
Bell Partners Purchases Fairfax, Va., Community
Bell Partners has announced that it has purchased the 246-unit Fair Oaks at Pender Creek community in Fairfax, Va., on behalf of its investors.
Lowe Enterprises Unveils the George Apartment Building
Lowe Enterprises has announced the completion of The George apartment building in Wheaton, Md. The 12-story tower was a redevelopment of an existing 45-year-old, five-story former office building. The additional seven stories and other renovation efforts will add 194 contemporary residents to that market.
CoStar Group Promotes Brad Long to President at Apartments.com
CoStar Group Inc., a provider of commercial real estate information, analytics and online marketplaces, announced the promotion of Brad Long to president of Apartments.com, its online apartment rental marketplace.
Affordability Extended at The JBG Companies’ Falkland Chase
An agreement has been struck to extend the term of 90 rental assistance units at the Falkland Chase Apartments in Silver Spring, Md. The JBG Companies and Montgomery County’s Department of Housing and Community Affairs (DHCA) are the parties entered into the agreement.
Bozzuto Communities Named Best Apartments in NY and Arlington, Va., says J Turner Research
Bozzuto Management Company, a Greenbelt, Md.-based residential property management company active throughout the East Coast, announced that Bozzuto communities were named as the “Best Property” in two of the largest and most competitive markets in the country – New York and Arlington, Va.
Local Content is Key, According to New Guide Released by For Rent Media Solutions and Homes.com
For Rent Media Solutions™ and Homes.com® have released the “Rise to the Top: Be the Local Expert” guide to help real estate and multifamily professionals better understand what being a “local expert” in their communities entails.
Greysteel Retained for Sale of Takoma Gardens in Takoma Park, Md.
The Greysteel Company has announced that it has been retained as the exclusive adviser and agent for the sale of the 37-unit Takoma Gardens community in Takoma Park, Md.