News

October 9, 2018

Looming Construction Pipeline Could Disrupt Fundamentals for This Washington DC Suburb

Rendering of the 520-unit 200 Stovall apartment building in Alexandria, Virginia.Credit: Perseus Realty Key performance metrics were green across the board in Washington, D.C.’s Alexandria/Interstate 395 apartment market at the start of the fourth q…

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October 9, 2018

Fannie Mae’s Leader is a Brokerage Veteran

Hugh Frater, interim CEO of Fannie Mae. Government-backed mortgage giant Fannie Mae tapped a veteran real estate investor and brokerage executive to lead the government-sponsored enterprise — at least for now. Fannie said Hugh Frater, former CEO o…

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October 8, 2018

CIM Commercial Puts $1.3 Billion of Office Properties on the Market

CIM Commercial Trust plans to take advantage of heavy leasing demand in the office market in Oakland, California, in its recapitalization plan. CIM Commercial Trust, 95 percent-owned by a group of institutional investors, said it is taking advantage…

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October 8, 2018

AvalonBay’s New York City Apartment Profits May Head to Denver, South Florida

Invesco Real Estate plans to buy an 80 percent stake in five apartment buildings owned by AvalonBay, including the Avalon Morningside in Manhattan. Real estate investment trust AvalonBay is considering a shift in its latest focus from apartments in …

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October 5, 2018

Washington, D.C.’s Looming Construction Pipeline Could Disrupt Submarket Fundamentals

Rendering of the 520-unit 200 Stovall apartment building in Alexandria, Virginia.Credit: Perseus Realty Key performance metrics were green across the board in Washington, D.C.’s Alexandria/I-395 apartment market at the start of the fourth quarter. B…

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October 4, 2018

Cambridge Property Group Lists The Atrium at Worldgate in Herndon, Virginia, for Sale

Cambridge Property Group has listed a Class A office building located three blocks from the planned Herndon Metro Station in Herndon, Virginia, for sale, as the company looks to cash in on the upside potential from the future station. The Atrium a…

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October 2, 2018

Charger Ventures Nabs 328-Unit Community Near Naval Air Station Patuxent River in St. Mary’s County

Charger Ventures has acquired a 328-unit apartment community near a United States naval air station in St. Mary’s County, Maryland, in a $38.5 million deal. The Bethesda, Maryland-based investment firm paid roughly $115,000 per unit for the Greens…

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October 2, 2018

Operator of Military-Focused Apartment Portfolio Becomes Owner with $215 Million Purchase

The Ultris Island Park in Shreveport, Louisiana, is one of five communities acquired by Westdale Real Estate in a $215 million deal. A five-property apartment portfolio with steady demand from nearby military bases has traded hands for $215 million,…

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October 2, 2018

Operator of Military-Focused Apartment Portfolio Turns Owner with $215 Million Purchase

The Ultris Island Park in Shreveport, Louisiana, is one of five communities acquired by Westdale Real Estate in a $215 million deal. A five-property apartment portfolio with steady demand from nearby military bases has traded hands for $215 million,…

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October 1, 2018

D.C. Office Building Home to Dept. of Veteran Affairs Sells for $157 Million

For the third time in September, a Northwest Washington, D.C., office building has sold for north of $100 million, this time at the corner of Eye and Fourth streets. Saban Capital Group, in its first investment in the Washington market, finalized a…

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