Washington Property Company has expanded its footprint in the rapidly transforming Ripley District adjacent to the Silver Spring (MD) Metro station with the acquisition of three contiguous developable land parcels with lot sizes totaling about 28,000 SF. Bethel World Outreach Ministries International sold the site at 8242-8252 Georgia Avenue, with two low-rise buildings and a parking lot, for $8.2 million.

Real Estate Capital Partners (RECAP) of New York City has formed a joint venture with Vedura Residential of Scottsdale to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, AZ.

Three Washington, DC real estate firms –  The JCR Companies, CAS Riegler Companies, and RS Snead Construction – have joined forces to create The JACK GROUP, offering a wide range of real estate services including leasing, acquisition, development, and construction. The JACK GROUP combines JCR’s retail experience with CAS Riegler’s residential development expertise and Snead’s …

(Article by Leslie A. Braunstein in Urban Land Online, October 19, 2012) – Resort developers and operators took a hit during the recession, but are making a cautious comeback, according to a panel at ULI’s Fall Meeting. They have learned, said Kim Richards of The Athens Group, that “the one percent is not five percent. …