Washington D.C.
More Affordable Housing Coming to D.C.
The District is determined to create more affordable housing for its residents. Last month, Mayor Muriel Bowser attended several events that highlighted the city’s commitment to this initiative.
Meridian Repurchases Hyatt Regency Bethesda
The Meridian Group has repurchased a property it has owned before in the metro D.C. market with plans of turning it around.
Redbrick, David Werner Buy 2,175-Unit Apartment Portfolio in Fairfax County
After registering several important transactions in April, the Greater Washington apartment market ended the month in full force, with the sale of a 2,175-unit multifamily portfolio in Fairfax County.
Joint Venture Buys D.C.’s Envoy Apartment Community for $27M
CBRE has recently announced the sale of another apartment property in the Washington, D.C. area. The Envoy, located at 2144 California Street, NW, is the third multi-family property to change hands this month in the region, following the sales of the 727-unit Cooper’s Crossing and the 399-unit Gramercy at Metropolitan Park.
Two New Hotels Open in Greater Washington, D.C., in April
Two new hotels have opened their doors to the public in April, in the Washington, D.C. metropolitan area. Together, the Hyatt Regency Tysons Corner Center and the AC Hotel Washington, DC at National Harbor bring almost 500 new rooms to the region.
Ralph Dweck Buys Arlington’s Gramercy at Metropolitan Park for $190M
Ralph Dweck Properties has acquired a large apartment community in Arlington. The District-based real estate owner paid an impressive $190 million to buy The Gramercy at Metropolitan Park from Clarion Partners.
Dragone Realty Investments Buys 727-Unit Prince George’s County Apartment Community
In its recently released Washington, D.C. Apartment Market Report for the first quarter of the year, Marcus & Millichap said that the excellent demographics and steady rent growth have motivated investors to search through the region for available multifamily assets. One such investor is Dragone Realty Investments. Earlier this year, the Bethesda-based company has acquired a large apartment community in Landover Hills.
Nation’s First-Ever Crowdfunded Real Estate Project Opens in Washington, D.C.
The country’s first ever crowdfunded real estate project has opened this month in Washington, D.C. Called Maketto, it is a 6,000-square-foot communal food and retail market, located at 1351 H Street NE, in the city’s H Street Corridor.
Two More D.C. Office Properties Change Hands
Two more D.C.-area office properties have changed hands this month.
MRP Realty, Rockpoint Group Sell Wisconsin Towers at Bethesda Crossing
A pair of downtown Bethesda office towers are now under new ownership. The two are part of the three-building Bethesda Crossing office complex.