State: Maryland - MD
304-Unit Apartment Property in Fort Washington, Md., Trades for $63.2Mln
Commercial Observer Langdon Park Capital has bought the 304-unit Rosecroft Mews Apartments in Fort Washington, Md., some 20 miles south of Washington, D.C., for $63.2 million, or $207,894/unit. The Los Angeles investor has renamed the property, at 2428 Corning Ave., ...
Longfellow Pays $42Mln for Rockville, Md., Office; Conversion Planned
Commercial Observer Longfellow Real Estate Partners has paid $42 million, or $219/sf, for Preserve Tower Oaks, a 191,000-square-foot office building in Rockville, Md., that it plans to convert into life-sciences space. Cushman & Wakefield represented the seller, FCP, which had ...
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, ...
Developer to Build 450,000-SF Warehouse Property in Frederick, Md.
Commercial Observer May Riegler Properties plans to develop the two-building Highland Logistics Center on a 28.3-acre site in Frederick, Md. The Washington, D.C., developer recently bought the development site from Envision Capital of Frederick, which had acquired it in 2015. The ...
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, ...
dual-branded Holiday Inn and Radisson Hotel complex
Vivo Investment Group has acquired the dual-branded Holiday Inn and Radisson Hotel complex with 710 units in downtown Baltimore. The price was not disclosed. The local investor plans to convert the property, which encompasses an entire city block in Baltimore's ...
Jefferson Square apartment property
The property, in the city's Butchers Hill neighborhood, is being rebranded as The Tala at Washington Hill. It is 97.4 percent leased.
Hamilton Zanze Buys 304-Unit Apartment Complex in Baltimore
Multi-Housing News Hamilton Zanze has acquired the 304-unit Jefferson Square apartment property in Baltimore for an undisclosed price. Lowe Enterprises sold the complex, at 101 North Wolfe St., which it had purchased in 2017 from Jefferson Apartment Group. The property, in ...
Paramount Realty Gets $215Mln of Financing for Mid-Atlantic Portfolio
Commercial Observer Paramount Realty has secured three fixed-rate loans totaling $215 million to refinance a portfolio of 30 retail, medical and office properties in Pennsylvania and Maryland. JLL Capital Markets arranged the loans through Investors Bank, OceanFirst Bank and Provident ...
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 ...
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