Washington D.C.
TODAY’S DEALS: Suburban DC LIHTC Primed for Value Add Play
A joint venture completes a $23 million sale outside D.C., and a Class C property receives financing from KeyBank.
Mixed-Use Community Officially Launched in Washington, D.C.
The U Street Corridor is receiving new market-rate and affordable housing units.
TODAY’S DEALS: From Italian Embassy to Apartments
Mill Creek enters a historic redevelopment play in D.C., and KeyBank finances a Maryland affordable housing property.
TODAY’S DEALS: UDR Goes Big in D.C.
UDR finds opportunity in the Lone Star/Home Properties merger, and ARA Newmark lends a hand in the sale of an urban village property.
New Neighborhood Breaks Ground in Rockville, Md.
Development project kicks off new Smart Growth Initiative.
TODAY’S DEALS: Security Properties Finds TOD Value Along D.C.’s Silver Line Expansion
Security Properties completes a $31 million buy in Northern Virginia; a joint venture kicks off an apartment redevelopment play in D.C.; and Grandbridge arranges three Nevada multifamily loans.
TODAY’S DEALS: Greysteel Refinances D.C. Portfolio
The Greysteel Co. arranges a $21.5 million portfolio refinance via a conduit lender; Northland acquires its 21st property in Florida; and Eastern Union and Investors Bank facilitate $22.5 million for the purchase of a Bronx, N.Y., landmark.
Pair of Multibillion-Dollar Projects Gets Formal Launch
By Adrian Maties, Associate Editor Maryland Day was marked this March 25 by milestones for two projects with a potentially significant impact on the state’s economy. In Lusby, a groundbreaking ceremony formally launched the $3.8 billion expansion of the Cove Point liquefied natural gas facility, one of the largest investments in the state’s history. Gov. Larry Hogan and Ambassador Kenichiro Sasae of Japan joined Diane Leopold, president of Dominion Energy. The project will create 3,000 temporary construction jobs. Once complete, it will generate an additional $40 million in annual tax revenue to Calvert County, and, according to Hogan, could…