Bill Brown to Develop Four Northeast Markets at Lane
- Mar 17, 2008
Red Bank, N.J.–Bill Brown has joined Lane Northeast, a subsidiary of multifamily real estate firm Lane Co., in the newly-created position of Division Partner. He will be responsible for new development in the metro Philadelphia market, southern New Jersey, Delaware and northern Maryland, including Baltimore. “Bill has a long standing track record as a successful developer of quality multifamily developments in the Philadelphia and Baltimore markets, as well as other areas,” says Jeff Price, Lane Co.’s Northeast Regional partner and president of Lane Northeast. “Bill will help Lane Northeast reach into the Philadelphia market while expanding our platform in Maryland.” Brown was most recently a Development Partner with Oxford Properties. Over his career, he has been involved in the development of almost 14,000 units, and held high-level posts with firms including Toll Brothers, The Morgan Group and Summit Properties. “Philadelphia and Baltimore are both excellent, highly-rated markets for continued investment and steady growth,” Brown says. “Like much of the Washington to New York corridor markets, these areas are defined by niche opportunities and high barriers to entry.”Lane Northeast currently has an office in Towson, Md., where it is building the first phase of The Quarter, a residential development across from Towson Town Center Mall. The first residents are expected to move into Phase I, which includes 150 luxury condominiums and 280 luxury apartments, this fall. When fully complete, The Quarter will have a total of 900 residences for sale and rent.Also, last year Lane Company acquired the Munsey, a historic 18-story apartment building in downtown Baltimore. The firm also manages several Maryland apartment communities.