Mid-Atlantic
Hines Acquires Archstone’s Interest in CityCenterDC Project
The Washington D.C. office of Hines announced today the acquisition of the ownership interest of its partner, Archstone, in the mixed-use CityCenterDC project that is currently under construction in downtown Washington, D.C.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.
Work Under Way on Columbia Apartment Community
A partnership between the Howard Hughes Corp., Kettler and Orchard Development Corp. has broken ground on the Metropolitan Downtown Columbia, the first development to proceed under the 2010 Downtown Columbia Plan for Columbia, Md.
Beech Street Once Again Captures Top-Producing Multifamily Lender Spots for Fannie Mae and Freddie Mac
For the second year running, Beech Street Capital LLC, placed third on Fannie Mae’s annual list of top multifamily loan originators.
The Bozzuto Group Celebrates 25th Anniversary With Several Key Promotions and a Leadership Transition
The Bozzuto Group announced several changes to its executive team as the company begins to celebrate its 25th Anniversary. The announcements were made today by The Bozzuto Group Chairman and CEO Thomas S. Bozzuto.
Tower Companies to Overhaul Silver Spring Community with Addition of 1,400 Residential Units
The Tower Companies, a family-owned developer, will redevelop The Blairs, a community of apartments and parking lots located in Silver Spring, Md., into 1,400 new apartments, shopping, walking paths and green space.
Jefferson Apartment Group to Develop Luxury Community Near Johns Hopkins
Jefferson Apartment Group recently broke ground on a residential community in East Baltimore near Johns Hopkins Medical Center.
Baltimore Apartments Win Permanent Financing
Two apartment properties in Baltimore have obtained $77.9 million in permanent financing. The loans of $63.3 million and $14.6 million were structured with 15-year, fully amortizing terms at rates of about 3.25 percent. CBRE’s Washington DC office arranged the loans, which are through the Fannie Mae DUS program.
Virginia’s Stonebridge to Feature 600-Unit Apartment Community
Agreement has been reached to build a 600-unit urban-style apartment community in Stonebridge, an 83-acre mixed-use project in one of Chesterfield, Va.‘s key retail-business corridors.
Richard Katzenstein Joins Freddie Mac Multifamily as Managing Regional Director, Northeast Region
Richard Katzenstein has joined Freddie Mac Multifamily, and will lead the Northeast Region as its managing regional director.