Washington D.C.
Joint Venture Breaks Ground on Phase One of DC Community
MRP Realty and Florida Rock Properties celebrated the official groundbreaking of Phase One of the mixed-use Riverfront development.
District Picks Redbrick LMD-Gragg Cardona Team as Master Developer for Phase 1 of St. Elizabeths East Campus
In one of his final acts as mayor of Washington, D.C., Vincent Gray has selected the team of Redbrick LMD and Gragg Cardona to redevelop the first phase of the historic St. Elizabeths East Campus. The selection represents an important step forward for a project which could help transform one of the poorest sections of the nation’s capital.
Housing Partnership Equity Trust, AHC Acquire Multifamily Community for $33.5M
Social-purpose REIT Housing Partnership Equity Trust (HPET) announced that it has picked up its first Washington D.C.-area property multifamily community, in partnership with nonprofit developer AHC Inc.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
TODAY’S DEALS: Capital One Bank Provides $277M Construction Loan for Brooklyn Waterfront Apartments
Capital One Bank announced it completed the syndication of a $277 million construction loan for a ground up development; ARA brokers Pauls Corp.’s sale of 21 Fitzsimons; and Ross taps Federal Capital Partners to recapitalize 2,044 units in Washington, D.C.
TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.
HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction.
Washington, D.C., Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s Research Editor Jack Kern discuss Washington, D.C., apartment market fundamentals in this edition of our market research podcast hosted by Senior Associate Editor Mike Ratliff.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
Kettler to Build Mixed-Use High-Rise in Bethesda, Md.
After closing a construction loan with Helaba, developer Kettler unveils plans for a 101-unit high-rise in Bethesda, Md.
Leasing Begins at Eleven55Ripley in Suburban D.C.
Home Properties has started leasing its newly constructed multifamily property, Eleven55Ripley. The asset, which is now the tallest building in Silver Spring, Md., features apartments, townhomes and a public pocket park.