Urban Investment Partners (UIP) has acquired Rhode Island Gardens, with 81 apartment homes, for $7.6 million. Originally built in 1931, the property is located at 230 Rhode Island Avenue NE just a half mile from the Rhode Island Avenue Metro station. UIP and the tenants’ association worked together to plan a $7 million renovation to modernize the building and add five new apartment homes.
LHB Communications, Inc. is a boutique public relations firm located in Washington, DC and serving clients throughout the world. We combine the flexibility, creativity, and cost-effectiveness of a small PR firm with the stellar results of a large agency.
Atlantic Realty Companies has leased a 17,430 square foot, two-level space in its newly renovated 150,000 SF Newark (DE) Shopping Center to Newark Natural Foods Co-operative, which provides locally sourced, healthy foods to more than 4,000 households. The co-op also operates a café in its space at 230 East Main Street and has launched a popular Sunday farmer’s market. Newark Natural Foods is the latest tenant in the recently renovated center, owned by a partnership of Tysons-based Atlantic Realty and New York-based Angelo, Gordon & Co.