Subject: Mid-Atlantic Regional Digest (MADIG)

Bisnow WC Smith has paid $69.8 million, or $298,290/unit, for the 234-unit Albemarle apartment property in Washington, D.C. The local investor acquired the property from AvalonBay Communities of Arlington, Va., which had owned it since 2013. The most recent purchase ...

The Wall Street Journal Dalian Development has paid $24 million, or $25.53/sf, for the 940,000-square-foot office building at 301 7th St. SW in Washington, D.C., and is planning to convert it into apartments. The Washington developer acquired the vacant property ...

Bisnow Turio Residential Co. has paid $16 million, or $238,805/unit, for the 67-unit Vicino apartment building at 1324 North Capitol St. NW in the NoMa section of Washington, D.C. The Philadelphia investor, led by Gianni Parente, former managing director at ...

Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 1.76 million-square-foot Centre Square office building and is expected to pursue a similar strategy. The local company ...

Bisnow Stream Realty Partner's investment management arm has paid $163.3 million, or $572.98/sf, for the 285,000-square-foot office property at 2001 M St. NW in Washington, D.C. The Dallas investor acquired the property from a venture of Brookfield Properties and DWS ...

Commercial Observer Buccini Pollin Group has lined up $50.5 million of financing against the 203-unit Crosby Hills Apartments at 517 North Shipley St. in Wilmington, Del. MF1 Capital provided a $45 million senior loan, while Pearlmark provided $5.5 million of ...

Commercial Observer Morgan Stanley has provided a $99 million loan against the 278-room InterContinental Hotel at 801 Wharf St. SW in Washington, D.C. Newmark arranged the financing. The property, developed in 2017, is owned by CarrAmerica Realty Corp. of Washington. ...

Commercial Observer STORE Capital Corp. has paid $103 million, or $421.33/sf, for the 244,466-square-foot office property at 8000 Jones Branch Drive in the Washington, D.C., suburb of Tysons, Va. The Scottsdale, Ariz., REIT acquired the property from Spring Education Group, ...

Philadelphia Business Journal L&B Realty Advisors has paid $82.4 million, or $359,825/unit, for the 229-unit Granary apartment property in the Logan Square section of Philadelphia. The Dallas investment manager acquired the property from LaSalle Investment Management, which paid $119.4 million ...

Bisnow Pacific Life has provided a $60 million loan for the development of a 231-unit apartment property at 1020 North Irving St. in the Clarendon section of Arlington, Va. The property is being developed by Orr Partners of Reston, Va., ...