Washington DC & Mid-Atlantic

Enterprise Community Development, in partnership with Seabury Resources for Aging, announced the redevelopment of Springvale Terrace, an existing senior housing community in Silver Spring, Maryland. The redevelopment will replace the current aging property with a new, modern, mixed-income community designed to better serve low- and moderate-income seniors and support aging in place. Originally built in …

SJC Ventures will begin the demolition process at the former Macy’s at the Harford Mall property next week in Bel Air, Maryland. The project, Derby Place, will deliver a 95,000-square-foot mixed-use center anchored by a Whole Foods Market, and the property will feature 60,000 square feet of luxury boutiques, restaurants, shops and amenities.  Buch Construction will …

Cushman & Wakefield has arranged a $58.6 million refinancing for The Ellington, a 190-unit luxury multifamily property with more than 16,000 square feet of retail space at 1301 U Street NW in Washington, D.C. The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will …

PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and two-bedroom floor plans averaging 785 square …

Joseph Kavanagh Co. has completed the sale of its corporate headquarters and manufacturing facility at 8100 Lynhurst Road in Dundalk, Maryland, to Titan Steel Corporation for $2.3 million. MacKenzie Commercial Real Estate Services Senior Vice President and Principal Andrew Meeder, SIOR, and Matthew Curran, together with Real Estate Advisor Alton Curry, represented Joseph Kavanagh Co. in the …

Merritt Properties announced a $750 million strategic investment led by global investment firm Centerbridge Partners, L.P. This includes dedicated growth capital to support the continued expansion of the company’s shallow bay industrial portfolio across existing and select new markets. As part of the agreement, Centerbridge acquired the ownership interest previously held by Almanac, which has …

PCCP has provided an $80 million loan to Foulger-Pratt for the refinance of The Rae, a 343-unit, apartment property located at 10401 Motor City Drive in Bethesda, Maryland. Foulger-Pratt completed development of the property in 2023. The Rae is a wrap-style apartment asset with units spanning studio, one-bedroom, and two-bedroom floor plans with an average …

Rockpoint, LCOR, and Potomac Investment Properties (PIP) announced the formation of a joint venture to acquire an office property in the Georgetown neighborhood of Washington, D.C. and transform it into a multifamily community. The two-building property, located at 1000 and 1050 Thomas Jefferson Street NW, will become a highly amenitized 299-unit residential community with approximately …

NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay hospitality property, includes future funding for capital improvements and is structured …

Finmarc Management, Inc. has completed the $26.36 million sale of an 83,300 square foot flex and office building, as well as an adjacent 6.4-acre parcel located within the Park East Corporate Center in Chantilly, Virginia, to Pulte Homes. Finmarc acquired the three-building business park comprised of nearly 200,000 square feet of flex and office space in 2021. …

Alterra IOS announced the closing of a $400 million refinancing led by Truist Financial Corp. and KeyBank, supporting the continued expansion of its growing industrial outdoor storage platform. Secured by a portfolio of 99 IOS properties spanning 27 states, the financing was executed utilizing an equity pledge framework in place of traditional asset-level mortgages. The …

Scope Commercial Real Estate Services, LLC, a commercial real estate brokerage across the Philadelphia region, led by Phil Sharrow, has joined the Horvath & Tremblay platform. The transaction unites SCOPE’s deep-rooted Mid-Atlantic relationships with Horvath & Tremblay’s national platform, expanded service capabilities, and institutional-grade agent resources. The new Horvath & Tremblay Philadelphia office will be located at …

Scope Commercial Real Estate Services, LLC, a commercial real estate brokerage across the Philadelphia region, led by Phil Sharrow, has joined the Horvath & Tremblay platform. The transaction unites SCOPE’s deep-rooted Mid-Atlantic relationships with Horvath & Tremblay’s national platform, expanded service capabilities, and institutional-grade agent resources. The new Horvath & Tremblay Philadelphia office will be located at …

Cinnaire announced the closing of a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, the second largest investment in the organization’s history. Cinnaire’s Fund for Housing Limited Partnership 45 (Fund 45) will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states. Fund 45 will support multifamily housing …

Linlo Properties has acquired the seven-story, 91,306-square-foot office building located at 214 Senate Avenue in Camp Hill, Pennsylvania. Situated on 4.44 acres in the heart of the Camp Hill Business District, the property benefits from its prime location bordering Route 15 Bypass and adjacent to Penn State Holy Spirit Hospital. Currently, the West Shore Office …

Stonemont, an Atlanta-based investment firm specializing in industrial real estate, has hired Arman Fashandi as vice president of corporate services, based in Pittsburgh. Fashandi will work to expand Stonemont’s development footprint in the Northeast while also overseeing build-to-suit initiatives and tenant relationships nationwide. Fashandi has over 15 years of experience in ground-up real estate development …

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, strengthening its presence in the Midwest and the Mid-Atlantic region. The transaction includes $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone …