News - Washington DC

  • Landex Development Breaks Ground on DC-Area Apartments

    The company’s second residential development project in Brentwood, Md., Artisan 4100 is scheduled to be completed in 2019 and will feature sustainable living options.

    05 December 2017 19:10
  • KeyBank Secures $56M for MD Community

    Verde at Greenbelt Station is a 302-unit, LEED-certified luxury apartment community in Prince George’s County, Md. The refinancing was implemented through Freddie Mac’s Lease-Up Program.

    05 December 2017 18:13
  • The Wren Breaks Ground in DC

    The nearly 300,000-square-foot mixed-use building will include a ground-level Whole Foods store and 433 residential units, of which 132 will be affordable.

    04 December 2017 18:52
  • Kettler Announces New President

    As the newly appointed president of the property management division, David Ohlrich will replace Cindy Clare and report directly to COO Usha Chaudhary.

    13 November 2017 15:46
  • JBG Lands $110M Refi for Iconic DC Asset

    Atlantic Plumbing was erected in 2016 and designed by Morris Adjmi Architects. Aside from its 310 residential units, the building touts more than 19,000 square feet of ground-floor retail and restaurant space as well as a movie theater.

    09 November 2017 15:30
  • JV Receives $61M Loan for MD Development

    Walker & Dunlop provided a 40-year, fixed-rate HUD loan for the development of Monarch at Waugh Chapel. The apartment community will be situated midway between Washington, D.C., and Baltimore, along U.S. Route 3.

    07 November 2017 14:58
  • Nusbaum Opens Doors of 1st MD Project

    The Fred, a 240-unit apartment community, is situated only an hour away from Baltimore and Washington, D.C. The company initially invested $50 million into the development, which broke ground last year.

    06 November 2017 17:06
  • Greysteel to Sell VA Affordable Housing Portfolio

    The company was tapped to market Lexington Commons in Newport News, Va., and Parkwood Manor in Norfolk, Va., totaling 232 units.

    06 November 2017 15:14
  • UIP Snags $32M MD Community

    The company purchased the 212-unit Walker House in Gaithersburg, Md., from Washington REIT. UIP plans to renovate the older apartments and some of the community common areas.

    03 November 2017 19:14
  • DC-Area Communities Receive $65M in Financing

    HFF helped secure financing for four properties in the Washington, D.C., area. The apartment communities are situated just 30 minutes from downtown and total 920 units.

    25 October 2017 20:41
  • Berkadia Secures $47M Refi for DC Property

    The proceeds were used to refinance existing debt and to pay off an 8 percent pre-payment penalty. The loan was secured through the HUD 223(a)(7) Loan Program.

    23 October 2017 23:26
  • DC Community Trades for $10M

    Greysteel brokered the sale of Cascade Park Apartments on behalf of NOVO Properties, located within minutes of the Capitol Riverfront. According to Yardi Matrix data, occupancy is currently at 94 percent.

    18 October 2017 15:24
  • Bell Partners Acquires Annapolis Asset

    The company purchased the now rebranded Bell Annapolis on West, a 300-unit community. Including this property, Bell Partners has completed $645 million in multifamily acquisitions in 2017.

    17 October 2017 16:02
  • McDowell Acquires DC-Area Apartment Community

    CBRE brokered the sale of Carmel Alexandria, a Class A apartment community in Alexandria, Va. The property is situated near interstates 395 and 495, with downtown Washington, D.C. only 10 minutes away.

    09 October 2017 18:15
  • Mill Creek Secures $55M Loan for NoVa Community

    Modera Fairfax Ridge is an upscale apartment community situated right off I-66 and Highway 50. An HFF team represented the borrower in order to secure the loan.

    05 October 2017 15:33