Mid-Atlantic
Fannie Mae Ups Multifamily MBS Issuance
Fannie Mae reports that during the fourth quarter of 2011, it issued $7.2 billion multifamily MBS, the highest quarterly issuance since the GSE started bringing its multifamily MBS business back from a standstill in 2009.
New Residential Property Slated for Reston Town Center's Last Vacant Site
The mixed-use Reston Town Center took a step closer to adding a new multifamily residential component with the selection by developer Boston Properties of a construction firm, Lend Lease, to build the property.
NeighborWorks Network Exceeds 90,000 Affordable Rental Units
Rental units owned or managed by the NeighborWorks America network exceeded 90,000 as of the end of September, and the network invested more than $1.3 billion in rental housing during the fiscal year.
DC JV Begins Mixed-Use Property in Takoma Neighborhood
Federal Capital Partners, Level 2 Development LLC and SGA Cos., have formed a joint venture to develop Takoma Central, a mixed-use project with 156 rental apartment units and ground-floor retail in the Takoma Park.
State-of-the-Art Student Housing Planned in Salisbury, Md.
Almost 700 students will be accommodated at a new student housing community to be built steps from the Salisbury University campus in Salisbury, Md.
Artemis Closes First Fund, Set to Hunt for Property
Artemis Real Estate Partners, has closed its first institutional fund, Artemis Real Estate Partners Fund I.
Marcus & Millichap Report Predicts Strongest Year Yet for Rental Market
2011 proved to be a good year for multifamily, according to Marcus & Millichap’s 2012 National Apartment Report. And this is predicted to continue for 2012.
Mission Place Complete, Almost Fully Leased in Jessup, Md.
The Dolben Co. has announced the completion of Mission Place, a $53 million development that includes 262 luxury apartments and almost 24,000 square feet of ground-floor retail on a 6.5-acre parcel at the junction of Washington Blvd. and Mission Rd. in Jessup.
D.C. Development to Define Fort Totten Neighborhood
A new mixed-use apartment community planned for Washington, D.C.’s Fort Totten neighborhood promises to bring to the urban enclave much needed workforce housing, local retailing and a stronger sense of neighborhood identity.
Investment Firm Acquires D.C. Apartments
Multifamily investment advisory firm TGM Associates has acquired TGM Sudley Crossing, a 432-unit community in Manassas, Va.