Mid-Atlantic
Progression Place Multifamily and Retail Slated for July Completion
Progression Place, a mixed-use development featuring luxury multifamily residences and extensive retail components, is on track for a July completion.
MARKET SNAPSHOT: Demand in Charlotte Remains Strong as Population Surges
A strong influx of younger residents in the Queen City will keep vacancies low and rents high for at least another year, as a new wave of supply will likely become absorbed thereafter.
Suburban D.C. Apartments Sell for $98M
Falkland Chase, an apartment property with 450 units, has traded hands for $98 million, or about $218,000 per unit.
Riorda, Ryan and Whelan to Open Lee & Associates’ First Office in Maryland
Lee & Associates has opened a Maryland office, which will provide an important link with its national and Northeast outreach.
Dweck Properties Acquires D.C.-Area Multifamily Community for Record Price
Dweck Properties purchased Archstone Crystal Towers, a 912-unit, transit-oriented, high-rise community located in Arlington, Va., from Equity Residential for $322.25 million, which was the largest sum ever paid for a single multifamily property in the Washington, D.C., region.
Fannie Mae Marks 25 Years of Multifamily Market Financing Through DUS(r) Program
This month Fannie Mae marks the 25th anniversary of its Delegated Underwriting and Servicing (DUS®) program, a unique risk-sharing model that provides financing to the multifamily housing market.
The JBG Companies Acquires 450-Unit Community
The JBG Companies has acquired a 450-unit multifamily community from Home Properties of Rochester.
Fannie Mae Reports Largest Net Income in Company History
Fannie Mae reported annual net income of $17.2 billion for 2012 and quarterly net income of $7.6 billion for the fourth quarter of 2012, compared with a net loss of $16.9 billion for 2011.
Mack-Cali Buys Suburban D.C. Apartments for $262M
Mack-Cali Realty Corp. has acquired an 828-unit multifamily property, Crystal House, in the Crystal City section of Arlington, Va., for about $262.5 million. The acquisition was made in partnership with a fund advised by UBS Global Asset Management.
Jonathan Loretta Joins LCOR as Senior Accountant
LCOR, a fully integrated real estate company specializing in property investment, management and development, announced that Jonathan Loretta has joined the team as senior accountant.