Mid-Atlantic
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.
MAC Realty Arranges Funding for a Madison Investments Acquisition and Development in DC
Working on Behalf of Madison Investments, MAC Realty Advisors LLC has arranged a $27.4 million investment and senior construction loan to acquire and develop a site located in Washington, D.C.
Greysteel Names Doug Banerjee to Executive Committee
The Greysteel Company announced the appointment of Doug Banerjee to the company’s Executive Committee.
Kettler to Build Mixed-Use High-Rise in Bethesda, Md.
After closing a construction loan with Helaba, developer Kettler unveils plans for a 101-unit high-rise in Bethesda, Md.
LGBT-Friendly Affordable Seniors Community Opens in Philly
Pennrose Properties and dmhFund have opened John C. Anderson Apartments, the first LBGT-friendly affordable seniors housing community in Philadelphia, to great fanfare.
Leasing Begins at Eleven55Ripley in Suburban D.C.
Home Properties has started leasing its newly constructed multifamily property, Eleven55Ripley. The asset, which is now the tallest building in Silver Spring, Md., features apartments, townhomes and a public pocket park.
WRIT Acquires DC Class A Apartments
Washington Real Estate Investment Trust acquires a 12-story, Class A asset in Washington, D.C.
MHN Interview: Alexandra Johns will Lead Resmark’s Washington, D.C. Office
“We seek out builders and developers whom we hold in high esteem, and who have unique experience and understanding of the submarkets in which they are active.”