WASHINGTON, DC-Real estate investment bank Sonnenblick-Goldman Co. arranged the sale to New York developer Bernard Spitzer. Louis Dreyfus Property Group and affiliates of Apollo Real Estate Advisors were the sellers.
WASHINGTON, DC-One leading association for the building industry has taken the opportunity to voice concerns about commercial properties left without local phone service when upstart phone providers go out of business.
SILVER SPRING, MD-This residential real estate specialist plans to invest as much as $20 million in revitalizing a 220-apartment community near Forest Glen Metro station.
COLUMBIA, MD-With this deal, the REIT has acquired an additional 187,132 sf in the Columbia Gateway office park, bringing its total holdings to 14 buildings and 900,000 sf of space.
ALEXANDRIA, VA-The second phase of this planned, mixed-use community will be 332 apartments. The first phase of 510 apartment is expected to deliver in the fourth quarter of this year.
BALTIMORE-KLNB has issued its mid-year report on these two counties that comprise a corridor between Washington and Baltimore. While rental rates have remained steady, vacancies have soared into the high teens, and even Maryland is suffering from a culprit that has been identified with Northern Virginia--technology.
WASHINGTON, DC-This housing developer has a reputation for developing trendy urban dwellings, and that is just what the nation's capital may be counting on as Mayor Anthony Williams continues his push to bring residential living to downtown.
HERNDON, VA-This property management firm opened for business in January and recently took over Kendrick Court, a 139-unit senior housing community. It hopes to get a leg up on the competition with extensive use of the Internet.