Mid-Atlantic
Finance Veteran Dave Borsos Joins NMHC as VP, Capital Markets
The National Multifamily Housing Council has hired Dave Borsos as vice president, capital markets.
Morgan Properties, Core Real Estate Acquire 700-Unit Community
Morgan Properties and equity partner Core Real Estate Capital has announced that a joint venture between the two has purchased the 700-unit community Lighthouse at Twin Lakes in Beltsville, Md.
TM Associates Develops Geothermal Workforce Housing in Brambleton, Va.
Shreveport Ridge, a workforce housing project in Brambleton, Va., has been dedicated in a ribbon-cutting ceremony attended by state and local dignitaries.
Walker & Dunlop Servicing Portfolio Surpasses $40 Billion Milestone
Walker & Dunlop Inc. announced today that its loan servicing portfolio crossed over the $40 billion mark.
Argos Development’s The Montrose Residences have Sold Out
Real estate marketing company Urban Pace LLC has announced that all the condominium homes at The Montrose Residences, a 15-unit low-rise community in Washington’s prestigious Georgetown neighborhood, have sold. The building, the former home of Henry and Anne Hurt Home for the Blind, has recently undergone a three-year renovation and all of the luxury units were sold just six months after the project’s completion.
Boston Capital to Invest in Two Affordable Housing Projects in N.C.
Boston Capital has announced that it will invest in the construction of two affordable multifamily community projects in North Carolina. The projects include Lockwood Village Apartments in Wilmington, N.C., and Ravenswood Apartments in Wilson, N.C.
Vantage Assumes Helm at The Premier in Silver Spring
Vantage Management recently took over the management of The Premier, a six-month-old, 14-story high-rise apartment tower in Silver Spring, Md. Owned by Guardian Realty Investors and designed by WDG Architects, The Premier features 160 residential units, as well as retail space.
Washington Property Breaks Ground Again in Montgomery County
Washington Property Co. has broken ground on Solaire Bethesda, a 139-unit apartment community that will also feature 6,400 square feet of ground-floor retail space and a two-level underground parking garage. The development is slated for completion in 2016.
Bozzuto Construction Begins Work on New DC Development
Bozzuto Construction has announced that it has commenced site work on a $42 million condominium development at V Street NW and 15th Street NW in the popular U Street Corridor of Washington, D.C.
Greysteel Company Announces Expansion to Baltimore
The Greysteel Company, a real estate investment services firm with offices in the Washington, D.C. and Dallas-Fort Worth markets, announced the opening of its Baltimore office. Located in Pikesville, Maryland, the office will serve as the Company’s interim headquarters in the Baltimore market.