Mid-Atlantic
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.
Sunrise Senior Living Communities Earn EPA’s ENERGY STAR Certification
The U.S. Environmental Protection Agency has awarded 30 Sunrise Senior Living communities with its ENERGY STAR certification, which signifies that these buildings perform in the top 25 percent of similar buildings nationwide for energy efficiency and meet strict performance levels set by the EPA.
Construction Process Underway on Charlestown Crossing
Charlestown Crossing, an apartment community that represents the first joint venture between The Dolben Company Inc. and Klein Enterprises, is on track for delivery of first units in April 2013, and completion of construction a year later.
Maryland Rental Property Sells for $90.25 Million
Hamptons at Town Center, a Germantown, Md., apartment community, has been sold by affiliates of Harbor Group International LLC, to Montgomery County for $90.25 million.
Freddie Mac Offers 11th Batch of K Certificates This Year
Freddie Mac has made a new offering of Structured Pass-Through Certificates (also known as “K Certificates”), which are expected to settle on Sept. 25. The K Certificate offering, which is composed of multifamily mortgage-backed securities, will total about $1.1 billion.
Joint Merger to Produce Transit-Oriented Multifamily, Commercial and Single-Family Community
Jackson-Shaw has started construction of Brickyard Station. This transit-oriented property will include 433 residential units, which are being developed by JLB Partners. Additionally, Ryland Homes is building 400 single-family homes and townhouses in the community.
Kushner Buys Stake in Baltimore/DC Apartment Portfolio
Kushner Cos. has acquired roughly a 25 percent ownership stake in 10 multifamily assets totaling 5,517 units in Baltimore County and Prince George’s County, Md.
Apartment Community to Break Ground in Hyattsville
A neighborhood of Hyattsville, Md. promises to take another step forward on its road to revitalization with the mid-September groundbreaking of a new 283-unit luxury apartment community.
Transwestern Mid-Atlantic Brokers Sale of Bethesda Multifamily
Transwestern Mid-Atlantic Multifamily Group, a collaborative multifamily brokerage team serving the entire Mid-Atlantic region, completed a sale of The Villas at Langley, a 590-unit garden-style apartment community located in Hyattsville, Md.