Mid-Atlantic
TODAY'S DEALS: Camden Purchases 940-Unit Houston Portfolio
Camden purchases a sought-after portfolio of three properties in Houston; and NorthMarq funnels a $46.4M long-term loan from a life insurance company.
Luxury Rental Set for Historic Site in N.C.
The proximity of Durham, N.C.’s historic Ninth Street District to many of the city’s landmarks makes the area perfect for developers eyeing potential multifamily rental sites.
Bozzuto Group to Do Another Major Mixed-Use in D.C.
Giant Food of Landover, Md., has picked the Bozzuto Group as partner for its development of Cathedral Commons, a mixed-use project in northwest Washington, D.C.
7 Reasons D.C. Is Experiencing a Strong Multifamily Market
Multifamily investment in 2011 has been the golden child of commercial real estate. With strong economic and employment fundamentals, large metros such as Washington, D.C., have attracted investors.
Apartment Property Insurance Goes on the Upswing in 2011
A year can make quite a difference, and it has in the National Multi Housing Council’s annual Apartment Cost of Risk Survey. As per the study’s results, the cost to insure apartment properties increased from 2010 to 2011, going up 1 percent.
Student Housing Under Way in Georgia
Work is under way on Forum at Statesboro, a new-construction, 780-bed student housing project by Parkland Development Corp. The property will provide units to students at Georgia Southern University in Statesboro.
MHN INTERVIEW: Former HUD Secretary Henry Cisneros on the Bipartisan Housing Commission
MHN talks with Henry Cisneros, a former HUD Secretary and current chairman of CityView, about the goals of the newly launched Housing Commission and his projections for the future of the industry.
Property Auction Proves Successful Strategy for Luxury Condominiums
Armada Hoffler, a commercial development and construction company, and Accelerated Marketing Partners (AMP), a residential real estate firm, recently sold a large number of luxury condominiums on auction.
Mixed-Use CityMarket at O Breaks Ground
Work has started on the CityMarket at O in the Shaw neighborhood of Washington, D.C. The development was selected by the Obama administration to be expedited through the permitting and environmental review process.
Work Starts on Monroe Street Market in D.C.
Ground has been broken for the multi-phase, multi-use Monroe Street Market in Washington, D.C., which will include 720 multifamily residential units and 45 townhomes along with a number of commercial property uses.