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Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE) has signed a contract to acquire 600 New Hampshire Avenue, NW, a 309,000 square foot Class A office building on the Potomac riverfront in Washington, DC, for approximately $135 million ($437 per square…Continue
Posted on March 27, 2017 at 6:53pm
Bethesda, MD-based Washington Property Company (WPC) will break ground shortly on its latest luxury apartment community, Solaire 8250 Georgia Avenue, just two blocks from the Silver Spring (MD) Metro and multi-modal transit station. This is WPC’s fourth Solaire-branded apartment community and its second in Silver Spring’s rapidly evolving Ripley District.
Upon completion of Solaire 8250 Georgia Avenue in spring of 2019, WPC’s four Solaire communities will total over 1,000 units,…Continue
Posted on March 10, 2017 at 6:20pm
StoneBridge Investments of Washington, DC has acquired 550 Abernathy Apartments, a 228-unit apartment community in the greater Atlanta submarket of Sandy Springs, for $31 million. The seller, an entity controlled by Harbor Group, was represented by Kevin Geiger of CBRE.
The property is located at 550 Abernathy Road NE within Perimeter Center, a fast-growing “edge city” that encompasses three small cities: Brookhaven, Dunwoody, and Sandy Springs. It is Atlanta’s largest employment…Continue
Posted on January 23, 2017 at 12:29pm
StoneBridge Investments of Washington, DC has acquired Beech’s Farm, a 135-unit rental apartment community in Columbia, MD, for $25.5 million. The seller, an entity controlled by McDowell Properties, was represented by CBRE’s Mid-Atlantic multifamily team.
Located on Eden Brook Drive and originally built in 1985, Beech’s Farm is comprised of seven two- and three-story buildings resembling townhomes. The new ownership intends to renovate apartment interiors upon turnover and add a…Continue
Posted on December 20, 2016 at 1:08pm
Atlantic Realty Companies of Tysons, VA (“Atlantic”) and New York-based alternative investment firm Angelo, Gordon & Co. have acquired Tysons Concourse from California State Teachers' Retirement System (CalSTRS) for $78.8 million. Tysons Concourse consists of two Class A office buildings located near Atlantic's headquarters in the heart of rapidly transforming Tysons, VA. CalSTRS was represented by Eastdil Secured in the transaction.
Situated just one block from the recently…Continue
Posted on November 7, 2016 at 3:45pm