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Washington Property Company (WPC) leased a total of 80,489 square feet in its suburban Washington, DC office portfolio during the first half of 2013. This total included over 47,000 SF at 8757 Georgia Avenue in the urban core of Silver Spring, MD.
“We are on track to have an excellent year leasing our office portfolio of over 1.5 million square feet, while developing one million square feet of residential space,” said Derek Hendon, President, WPC Management, LLC. In 2012, the company…Continue
Posted on August 26, 2013 at 1:30pm
Real Estate Capital Partners (RECAP) of New York City has acquired a 200-unit apartment community in Vancouver, WA in a joint venture with West Coast-based Holland Partners. The Class B garden apartment property, called Arnada Pointe, was built between 1995 and 1997.
Posted on July 15, 2013 at 3:02pm
With the $78 million acquisition of Hunting Point, a 530-unit apartment complex on Potomac River in Alexandria, VA, Lubert-Adler of Philadelphia, PA has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
The company’s Fund VI, VI-A and VI-B co-investment pool, launched in January of 2010 with over $1 billion in equity, has now acquired, among several asset classes, some 70 multifamily properties totaling over 20,000 units,…Continue
Posted on May 8, 2013 at 1:33pm
Real Estate Capital Partners (RECAP) of New York City has formed a joint venture with Vedura Residential of Scottsdale to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, AZ. The community, expected to break ground immediately, will offer one- and two-bedroom apartment homes in a serene desert oasis setting.
This is RECAP’s second investment in the greater Phoenix area in the past 12 months following the August, 2012 acquisition of The Arbors…Continue
Posted on April 22, 2013 at 2:52pm
Silverwood Companies of Reston, VA along with investment partner Freedom Development of Alexandria has acquired a 67-unit apartment building near the Courthouse Metro station in Arlington, VA and will shift the property to condominium ownership. Sales at The Avery will open in May with furnished models, and the first residents are expected to move in this summer.
The building at 1200 North Rolfe Street, originally designed as a condominium, was developed and sold by Insight…
Posted on April 22, 2013 at 11:51am