Adrian Maties
D.C. Seniors Get New Apartments in Brookland
At the start of the month, Mayor Muriel Bowesr joined Girard Street Community Partners, a joint venture between Menkiti Group and Dantes Partners, at 1545 Girard St. NE, to celebrate the groundbreaking for D.C.’s latest affordable apartments community for seniors.
Former Behringer Harvard REIT Bids District Adieu
Tier REIT is leaving the District. The Dallas-based company has recently sold its last two office properties in the area.
Lone Star Bets on Cincinnati Offices
A Dallas-based private equity firm has recently purchased three office buildings in Greater Cincinnati. The properties sold for a total of $25.3 million.
JV Plans New Anchor for Falls Church Arts District
Broad & Washington LLC, Insight Property Group, Kiddar MetzA group of developers plan to construct a new mixed-use development in Falls Church City. The project is expected to become a residential and commercial anchor for the city’s arts and cultural district.
Hotel Chain Expands in Greater Cleveland
DoubleTree By HiltonDoubleTree by Hilton has opened a new hotel in Greater Cleveland. It is the company’s sixth such property in the area.
Orion Rises Over the Mid-Atlantic
Allied Orion Group continues to expand its property management portfolio in the Mid-Atlantic. The Houston-based company has recently entered the Richmond market, where it will manage The Atlantic at Brook Run Apartments.
Global Industrial Services Leader Establishes Home Base in Baton Rouge
On Monday, July 6, KBR, a Houston-based global technology, engineering and construction company, announced that it has agreed to enter into a partnership with Baton Rouge-based private equity firm Bernhard Capital Partners, and establish a new company. It will be called Brown & Root Industrial Services and will be headquartered in Baton Rouge.
Bellwether Expansion: Southeast Progression Consumes Capital Advisors
Bellwether Enterprise Real Estate Capital, LLC continues its expansion in the United States. The Cleveland-based company has recently strengthened its presence in the Southeast with the acquisition of Capital Advisors, Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte.
Washington REIT Bags Trophy in Arlington
Washington Real Estate Investment Trust continues its hunt for D.C.-area properties. The REIT’s latest acquisition is a large apartment community in Arlington.
Museum District Landmark Goes on the Block
A Richmond school-turned-apartment building is now for sale. The property is located in the city’s Museum District.