State: District of Columbia - DC
Suburban Washington, D.C., Apartments Sell for $16.05Mln
Commercial Observer Ernst Equities has paid $16.05 million, or $170,745/unit for the 94-unit Queens Park Plaza apartment property in Hyattsville, Md. The Washington, D.C., developer bought the property, at 2500 Queens Chapel Road, six miles from the Federal Triangle in ...
JK Land Holdings Buys Northern Va. Business Park for $57Mln
ConnectCRE JL Land Holdings has paid $57 million, or about $154/sf, for the 369,443-square-foot Gainesville Business Park in Gainesville, Va. Chalmers Property Co. sold the property and was represented in the deal by CBRE. Gainesville Business Park, at 14235 John ...
Suburban Washington, D.C., Apartments Sell for $64Mln
Investment manager 29th Street Capital has paid $64 million, or $275,862/unit, for the 232-unit Solaire Wheaton in the Washington, D.C., suburb of Silver Spring, Md. The Chicago company bought the property from Washington Property Co. of Bethesda, Md., which had developed ...
$38.1Mln CMBS Loan on Washington, D.C., Office Building Moves to Special Servicer
Commercial Real Estate Direct Staff Report The $38.14 million loan against the 114,204-square-foot office building at 717 14th St. NW in Washington, D.C., has been transferred to special servicer LNR Partners because it's expected to default. The loan is securitized ...
EagleBank Lends $25Mln for Construction of Affordable Housing in Washington, D.C.
EagleBank has provided $25 million of financing for the construction of a 142-unit apartment property at 610 Park Road NW in Washington, D.C. The Washington bank also participated in the $17.52 million of low-income housing tax credits that were raised ...
Carr Venture Puts D.C.-Area Apartments on Sales Block
Commercial Real Estate Direct Staff Report A venture led by Carr Properties has put the Elm apartment property, with 456 units in downtown Bethesda, Md., on the sales block. The venture, with Insight Property Group of Arlington, Va., has tapped ...
Crescent Begins Work on 197-Unit Apartment Property in Washington, D.C.
Multi-Housing News Crescent Communities has started construction on Novel 14th Street, a 197-unit apartment property in Washington, D.C. The property, at 2601 14th St. NW, will have studio, one- and two-bedroom units and will include a fitness center, swimming pool ...
$75.25Mln CMBS Loan, in Special Servicing Since 2020, Gets Modified
Commercial Real Estate Direct Staff Report The venture led by Madison Marquette that owns the Shops at Waldorf Center in southern Maryland has negotiated a modification of the $75.25 million CMBS loan against the property. Terms of the modification couldn't ...
Affordable Apartments in Suburban D.C. Sell for $24.02Mln
RLM Preservation Fund has paid $24.02 million, or $212,585/unit, for the 113-unit Overlook at Avalon apartment property in the Washington, D.C., suburb of Frederick, Md. The fund, which RLM, of Bethesda, Md., operates with L+M Development of Larchmont, N.Y., received ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
