Mid-Atlantic
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.
Hickok Cole Architects Awarded ‘Firm of the Year’
At the AIA|DC Chapter’s 125th anniversary party on November 2, Hickok Cole received the “Firm of the Year” honor award from the Washington Architectural Foundation.
CAPREIT Finances Acquisition of Virginia Multifamily Properties
CAPREIT Inc. has obtained separate loans for the acquisition of two apartment properties in Newport News. The loans, which total about $19.8 million, were originated by Walker & Dunlop Inc. through Freddie Mac’s Capital Markets Execution Program.
Apartment Renovation Completed in D.C.
Urban Investment Partners has completed a $2.7 million full-building restoration of 346 Park Road NW in the Washington neighborhood of Columbia Heights.
Walker & Dunlop raises $100K for Fannie Mae’s Help the Homeless Program in 2012
Walker & Dunlop Inc. announced that it raised $100,000 for Fannie Mae’s Help the Homeless Program® (HTH), through the Company’s annual fundraising efforts in 2012. Since 2006, Walker & Dunlop has raised over $500,000 for HTH.
Picerne Military Housing Awarded $72M Public-Private Partnership Development with the U.S. Army
Picerne Military Housing recently closed on a $72 million public-private partnership deal on Reece Crossings at Fort Meade in Maryland.