Washington D.C.
Normandy Hotel Sells in Washington
Modus Hotels, a Washington, D.C.-based owner and operator of lifestyle hotels, has partnered with Alex. Brown Realty (ABR), a real estate manager based in Baltimore, to purchase the Normandy Hotel in Washington, D.C.’s Dupont Circle. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested in the…
Continue reading →Tanger, Peterson Cos. to Develop Upscale Outlet Center in Clarksburg
Tanger Factory Outlet Centers Inc., a publicly-traded REIT headquartered in Greensboro, North Carolina, and The Peterson Cos., one of the largest privately-owned real estate development companies in the Washington, D.C. region, have joined forces to bring a new, upscale outlet center to the Washington, D.C. metro area.…
Continue reading →The District, Woodvale Apartments Change Hands as D.C.’s Apartment Market Heats Up
Apartments in the Washington, D.C. metro area are selling fast and for a lot of money. Just this past month, investors paid close to one billion dollars for properties totaling around 3,500 units.…
Continue reading →450-Unit Silver Spring Apartment Community Sells to JBG
The JBG Companies, a Chevy Chase-based private real estate development firm that develops, owns and manages office, residential, hotel and retail properties, has acquired the Falkland Chase apartments, a prominent apartment community in downtown Silver Spring. Home Properties of Rochester was the seller.…
Continue reading →Akridge, Mitsui Fudosan America Celebrate Groundbreaking of 168,000 SF D.C. Office Building
Akridge, a full service real estate firm, and Mitsui Fudosan America, the U.S. subsidiary of Mitsui Fudosan Co., Ltd., Japan's largest publicly quoted real estate company, celebrated the groundbreaking of a new trophy-class office project at 1200 Seventeenth Street on March 26. Mitsui Fudosan America's CEO, Yukio Yoshida, Pillsbury…
Continue reading →Campus Apartments, Howard University to Develop $107M Student Housing Project
Campus Apartments, LLC, the oldest and one of the largest privately held student housing companies in the nation, announced on March 19 it will develop two new on-campus residential facilities for the Howard University. The project has an estimated cost of $107 million and is expected to energize the southeast…
Continue reading →Monday Properties, Goldman Obtain $200M Construction Loan for 1812 N. Moore St.
Monday Properties and Goldman Sachs’ Real Estate Principal Investment Area have closed a $200 million construction loan with Pacific Life Insurance Company for 1812 North Moore Street. The 390-foot building will be the tallest and greenest office tower in the Washington, DC region.…
Continue reading →Insight Prepares to Add TODs Valued at $153M to DC Area
Insight Property Group announced on Monday it recently started work on two major transit-oriented apartment projects in the Washington, DC area. The Arlington, Virginia-based multifamily developer also said it is nearing completion on a third project. The total cost of these three projects is $153 million.…
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