Washington D.C.
Downtown DC Project Lands $170M in Financing
Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.
Kettler Opens Luxury Community in Tysons Corner
Highgate at The Mile is a 395-unit mid-rise residential property that boasts an array of amenities and is situated within walking distance of first-class retail, restaurants and key employers, such as Freddie Mac and Hilton Worldwide.
Historic DC Patterson Mansion’s Makeover Now Complete
Saul Urban joined hands with Rooney Properties and BedRock Real Estate Partners to renovate and expand the more than 110-year-old property and turn it into 92 apartment units.
BHC Breaks Ground on Affordable VA Community
The company is converting the former Citadel of Hope, a Colonial property built in 1923, into apartments for working families. Called The Goodwyn at Union Hill, the asset includes the renovated historic school building, in addition to five new buildings.
Greysteel Tapped Exclusive Advisor, Sale Agent for D.C. Community
The company’s Managing Director Kyle Tangney and Investment Associate Herbert Schwat will be responsible for marketing the 24-unit residential asset. According to public records, the property last traded for almost $1.4 million back in 2012.
$72M DC-Area Senior Housing Community Underway
The 210-unit facility will include assisted living, special needs and memory care units. The new development project will be completed by January 2018 and will create 48 full-time staff positions.
ROSS Promotes Billy Edwards to CFO
In his new role, Edwards will oversee the company’s accounting, finance, reporting and tax compliance functions, maximizing returns on investment and management assignments.
Marcus & Millichap Leads Sale of Dupont Apartments
The four-unit property sold for $2.3 million to a Washington, D.C., condo developer. Marcus & Millichap represented the seller, a private investor.
JV Wins Equity Funding for D.C.-Area TOD
A joint venture between Peter N.G. Schwartz Management Co. and Hensel Phelps Construction Co. obtained $16 million of preferred equity toward the development of Allure Apollo in Camp Springs, Md.