Mid-Atlantic
Insight Adds to Multifamily Portfolio with Silver Spring Purchase
Insight Property Group has purchased the U.S. Postal Service’s former Silver Spring Post Office site in Silver Spring, Md. The developer plans to start construction of the proposed 310-unit project in the fourth quarter of 2012.
Beech Street Sees Jump in DUS Lending
Beech Street Capital LLC reports that the company is now the nation’s number-three Fannie Mae DUS lender, with its multifamily financing volume spiking in 2011 to $2.2 billion. The company’s volume with Fannie Mae more than doubled last year.
It's a Slow but Steady Recovery for Seniors Housing
The seniors housing sector is fighting its way back to health, and the numbers tell the story.
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.