Mid-Atlantic
TODAY’S DEALS: Norris, Beggs Arranges a $26.5M Acquisition Mortgage
Norris, Beggs arranges a $26.5 million acquisition mortgage; and Boston Capital invests in the rehabilitation of two multifamily apartment communities for seniors in Virginia.
BC Invests in 120-Unit Community
Thanks to tax credit equity from the Low Income Housing Tax Credit program, Boston Capital has invested in the Bradford Mews Apartments, a 120-unit development for families in Smithfield, Va.
Renovation Complete at Pemberton Manor in Maryland
A $1 million renovation of Tryko Partners-owned Pemberton Manor Apartments in Salisbury, Md., which involved extensive physical upgrades and enhanced outreach programs, is complete.
Greystar’s Elan Settler’s Landing Celebrates Grand Opening in Maryland
Greystar recently celebrated the grand opening of Elan Settler’s Landing, a new 240-unit, Class-A luxury apartment community in California, Md.
TODAY’S DEALS: HFF Arranges $11.5M Refinancing for Manufactured Home Community
HFF announced it has arranged an $11.5 million refinancing for Pacific Skies Estates; and Boston Capital Invests in a tax credit rehabilitation.
TIAA-CREF Obtains $92M Loan to Buy DC Apartments
MassCourt East End, a 371-unit apartment property in the Mount Vernon Triangle neighborhood of Washington, D.C., has obtained $92.6 million in acquisition financing. Currently the property is 96 percent leased.
Mixed-Use Property Planned Near Nationals Ballpark
Grosvenor Americas and Skanska USA Commercial Development have unveiled plans for a 650,000-square-foot mixed-use project directly north of the new Washington Nationals ballpark in the Capitol Riverfront district of Washington, D.C.
Condominium Residences Auctioned in Hyattsville
Resource Real Estate is auctioning 33 Maryland condominium residences.
Sentinel Real Estate Buys Northern Delaware Apartments
The Apartments at Pike Creek, a 264-unit garden-style complex on 19 acres in Newark, Del., has changed hands for an undisclosed price.
Cathedral Commons a ‘Giant’ Undertaking in Northwest D.C.
Developed by The Bozzuto Group and centered around a state-of-the-art Giant Food supermarket, a new mixed-use community will feature 137 apartments, eight town homes, 128,000 square feet of retail and more than 500 parking spaces.