Mid-Atlantic
Conrad Egan Named Chairman of the Board at Community Preservation and Development Corporation
Community Preservation Development Corporation (CPDC), a nonprofit organization that revitalizes and creates affordable communities throughout the mid-Atlantic region, announced veteran housing and community development policy advocate Conrad Egan as chairman of its board of directors.
Wood Partners Announces Two Promotions in Mid-Atlantic Region
Wood Partners announced it is promoting Carter Siegel to the position of regional director of the company’s Mid-Atlantic region, which currently includes Virginia, Maryland, Delaware, Pennsylvania and Washington, D.C.
Michael Steiner to Lead Corvias Group’s Military Housing Division
Corvias Group, a privately owned, vertically integrated real estate group, announced that Michael Steiner has been promoted to managing director of the company’s military housing division, Picerne Military Housing.
Capital Improvement Complete at D.C.’s Marbury Plaza
A $5 million capital improvement program is complete at the 672-unit Marbury Plaza apartment community in Washington, D.C. In its wake, the community is being given another round of upgrades priced at $1.3 million.
Walker & Dunlop Names Stephen P. Theobald Executive Vice President, Chief Financial Officer and Treasurer
Walker & Dunlop Inc. announced that Stephen P. Theobald would join the company as executive vice president, chief financial officer and treasurer on April 1, 2013.
Picerne Military Housing Breaks Ground on $72M On-Post Community
Picerne Military Housing, a division of Corvias Group, recently broke ground on Reece Crossings, 432 on-post apartments for barracks-eligible, single unaccompanied service members. This marks the first public-private partnership with the U.S. Army.
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.