State: District of Columbia - DC
NTT Pays $257.4Mln for Land in Va. for Data Center
Commercial Observer A unit of NTT Ltd. has paid $257.4 million for 103 acres of land in Gainesville, Va., about 40 miles west of Washington, D.C., on which it plans to build a data-center property. The unit, Global Data Centers ...
UIP Cos. Raises Equity via CrowdStreet for Hyattsville, Md., Apartment Project
Multi-Housing News UIP Cos. is developing the 285-unit Canvas Apartments in Hyattsville, Md., after raising $27.1 million of equity, including $19.1 million through the CrowdStreet crowdfunding platform. Meanwhile, Safehold Inc. bought the ground beneath the proposed property, for $42.8 million, ...
2-Building Office Complex in Washington, D.C., Fetches $228Mln
Commercial Observer Post Brothers has purchased a pair of office buildings totaling 659,459 square feet in Washington, D.C., for $228 million, or about $345.74/sf, with plans to convert it into apartments. The Philadelphia multifamily developer bought the two buildings, Universal ...
Bank OZK Lends $367Mln for Initial Phase of D.C. Mixed-Use Project
Multi-Housing News Bank OZK has provided $367 million of construction financing for the first phase of the Stacks mixed-use complex in Washington, D.C. A partnership of Akridge, Bridge Investment Group, Blue Coast Capital and National Real Estate Advisors recently broke ...
Greystone Provides $20Mln Fannie Loan for Multifamily Property in Lanham, Md.
Multi-Housing News Greystone has provided $20 million of Fannie Mae financing against the 322-unit Del Vista Apartments in Lanham, Md., about 13 miles northeast of Washington, D.C. The loan was used to retire an $18.9 million Fannie mortgage. Del Vista, ...
JPMorgan Opens 231,000-SF HQ in D.C. as it Expands in Mid-Atlantic
Commercial Observer JPMorgan Chase Bank has opened its Mid-Atlantic headquarters at the 12-story Bowen Building at 875 15th St. NW in Washington, D.C. The 231,000-square-foot building, two blocks from the White House, will house about 600 employees. The bank plans ...
EagleBank Lends $54Mln Against Apartment Project in D.C.’s Maryland Suburbs
EagleBank has provided $54 million of construction financing for the 291-unit Margaux apartment property that's being built next to the New Carrollton Metro Station in New Carrollton, Md., about 10 miles northeast of Washington, D.C. The Bethesda, Md., lender provided ...
Paul Bernard Named CEO of D.C.-Area Affordable-Housing Developer
Commercial Observer AHC Inc., an Arlington, Va., affordable-housing developer, has named Paul Bernard as its new president and chief executive. Bernard has spent close to 30 years working in areas such as urban planning, real estate development, public finance and ...
Government OKs Sale of Trump International Hotel in D.C. for $375Mln
ABC News The federal government has greenlighted the Trump Organization's $375 million, or $1.43 million/room, sale of the 263-room Trump International Hotel in Washington, D.C., to CGI Merchant Group. The Trump Organization had tried to sell the hotel to the ...
2M Street Apartments
Avanath Capital Management has paid $103 million, or $326,984/unit, for the 315-unit 2M Street Apartments in Washington, D.C. The Irvine, Calif., investment manager bought the 12-story property, at 2 M St. NE, from WC Smith, a Washington developer that had ...
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