Mid-Atlantic
HUD and Fannie Mae Announce Expansion of Green Preservation Plus
Fannie Mae, with support from the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), today announced the expansion of Green Preservation Plus.
Enterprise Draws Link Between Housing, Health and Nutrition
At a time when food and housing expenses are climbing across the nation, Enterprise Community Partners Inc. has just unveiled innovative policy and programmatic solutions designed to improve nutrition among residents of affordable housing communities.
HFF Arranges Debt Construction Financing, Joint Venture Equity for Class A Community
HFF has announced that it has brokered the debt construction financing and joint venture equity for NOVUS Odenton Station in Odenton, Md. The borrower is NOVUS Residences, which is targeting completion of the Class A, transit-oriented community by early 2015.
Lynn Richards Named President and CEO of the Congress for the New Urbanism
Nationally recognized smart growth expert Lynn Richards will become the next president and chief executive officer of the Congress for the New Urbanism, the organization announced today.
Tryko Expands Presence in Virginia With Acquisition of Peninsula Grove
Tryko Partners has acquired the 580-unit Peninsula Grove at Town Center apartment community in Hampton, Va., from Intercontinental Real Estate Corp. The participants in the deal didn’t disclose the price.
LCOR to Begin Leasing New Apartments at North Bethesda Center
LCOR will start leasing at the 341-unit Aurora, its apartment development in North Bethesda, Md., in June.
Manna Inc. Buys DC Apartment Community
The 44-unit Vito Terrace Apartments in northwest Washington, D.C., has traded hands for an unspecified price.
Passco Acquires Class A Community in Raleigh, NC
Passco Companies has announced the acquisition of Carrington at Brier Creek for $37.3 million. The purchase of the Class A, 270-unit luxury garden-style community was on target for the company’s ongoing strategy to acquire high-quality core assets in high growth areas outside of primary markets.
Hoffman-Madison Waterfront Kicks Off Massive Mixed-Use Project in D.C.
Work has started on phase 1 of the Wharf on Washington in the district’s southwest waterfront. It is the beginning of a massive mixed-use project roughly a decade in the making.
Joint Venture Begins Construction on 84-unit Condo Community in Capitol Hill
Construction is underway on the second largest condominium development project in Washington, D.C., since the economic downturn. The project, The Maryland, is being developed by a Valor Development and DBT Development Group joint venture and Urban Pace.