Mid-Atlantic
National Harbor Establishes Brisk Sales Pace in D.C. Area
Washington, D.C.–At The Peterson Cos.’ National Harbor development, more than 100 homes were sold between early 2010 and the first quarter of 2011.
Joint Venture Formed to Recapitalize Two Archstone Apartment Properties
Washington, D.C.–Allianz Real Estate and the Canada Pension Plan Investment Board (CPPIB) have acquired an 80 percent interest in two Archstone apartment properties. The deal was done through a joint venture structure formed by the two with Archstone.
ARA Opens Washington, D.C. Office
Washington, D.C.— Atlanta-headquartered ARA recently opened its Washington, D.C. office under the leadership of Drew White and Michael Marshall, both former Cushman & Wakefield executive directors. Former Bozzuto executive Ryan Ogden is also joining the team. With more than 18 years of multi-housing investment sales experience, White has sold in excess of 250 properties throughout the Mid-Atlantic and Southeast regions of the U.S. for clients ranging from large institutions to individual owners. White was responsible for opening Cushman’s Washington, D.C. office in 2002 and quickly established himself as the East Coast’s top apartment broker. Marshall brings more than 24 years…
D.C. Seniors Housing Property Begins Rehab
Washington, D.C.–Jair Lynch Development Partners has closed on financing for the redevelopment of the Paul Laurence Dunbar Apartments, a 171-unit seniors-housing rental property.
New Durham Apartments Close to Research Triangle Park
In traffic-plagued Raleigh-Durham, Greystar has started construction on an apartment community likely to give residents a break from nightmare commutes.
Flagler Expands Multifamily and Retail Offerings
Flagler Real Estate Services is expanding its multifamily and retail offerings with two strategic alliances, bringing in Auker Developments and DBR & Associates.
TODAY’S DEALS: Jones Lang LaSalle Closes $125M Debt and JV Equity Raise for Student Housing
Jones Lang LaSalle arranges a joint venture partnership between The Collier Companies and Madison International for student housing properties, and NorthMarq Capital closes on a construction loan and tax credit bridge facility.
Colliers International Expands D.C. Operations
Washington, D.C., and Seattle–Colliers International has expanded its metro Washington, D.C.-based operations by launching a new office and introducing a regional property management practice.
Washington REIT and Crimson Partners Ink Apartment Development JV
Arlington, Va.–Washington Real Estate Investment Trust and Crimson Partners have formed a joint venture to develop a six-story, 150-unit mid-rise apartment complex in suburban Washington, D.C.
MARKET SNAPSHOT: ‘Everybody Wants to be in Washington, D.C.’
Washington, D.C.–The strength of the economy in the nation’s capital continues to lead to a tight apartment market.