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Harrison at Reston Town Center, a new 360-unit luxury apartment community developed by Renaissance Centro in Reston, VA, has won two top industry awards recognizing the project’s excellence in architecture and design. Now 80 percent leased, The Harrison offers the most expansive array of resort-style amenities of any rental community in the area.
The Harrison’s spectacular 28,000 square foot common area garnered a Multifamily Pillars of the Industry Award in the interior merchandising…Continue
Posted on October 30, 2015 at 11:44am
Three condominium communities in Washington, DC, all marketed and sold by Urban Pace, took top awards in Delta Associates’ 19th Annual Mid-Atlantic Multifamily Awards competition. This long-running awards program recognizes regional excellence in new multifamily housing.
Posted on October 16, 2015 at 12:20pm
UIP Asset Management, Inc. (UIPAM), an affiliate of Urban Investment Partners (UIP) of Washington, DC, has hired Brook Katzen as Vice President of Development and Daniel Perdomo as Director of Development. Jason Lifton was promoted to Development Associate.
Mr. Katzen joins UIPAM from SB Urban, where he served as Vice President of Development. Before joining SB Urban, Mr. Katzen worked for The JBG Companies. In his new position, Mr. Katzen is in charge of all UIP…Continue
Posted on October 16, 2015 at 12:12pm
Cascade Realty Partners has acquired a 30,361 square foot office building strategically located at the corner of Columbia Pike and Glebe Road in Arlington, VA, for $4.8 million in an all-cash transaction. Situated on a 1.5 acre site and 75 percent leased to Bank of America, 3401 Columbia Pike has future development potential within a rapidly transforming corridor. The property was marketed by Cushman & Wakefield.
This is the first acquisition for the newly formed Bethesda,…Continue
Posted on September 24, 2015 at 6:04pm
Urban Investment Partners (UIP) has acquired Rhode Island Gardens, with 81 apartment homes, for $7.6 million. Originally built in 1931, the property is located at 230 Rhode Island Avenue NE just a half mile from the Rhode Island Avenue Metro station.
The seller, Roydun Corporation, is an affiliate of Washington, DC-based DARO Realty, a longtime local apartment owner and manager. CBRE represented the seller.
UIP coordinated the acquisition with the Rhode Island Gardens Tenants…Continue
Posted on August 3, 2015 at 2:26pm