Urban Investment Partners (UIP) has acquired Tilden Hall, a 76-unit apartment building located at 3945 Connecticut Avenue, NW in Washington, DC, for $13.3 million. UIP coordinated the acquisition – its third for 2015 – with the Tilden Hall Tenants Association, and worked with the association to plan a major $18 million renovation. Completed in 1924, Tilden Hall was designed by prolific architect Frederic B. Pyle in the Colonial Revival style. It was one of many District apartment buildings developed along streetcar corridors in the years following World War I.
A joint venture of Philadelphia-based Lubert-Adler Partners and Seattle-based Security Properties Inc. has sold Honeyman Hardware Lofts, a 100-unit apartment community with 10,800 square feet of street-level retail space in the vibrant Pearl District of downtown Portland, OR. DiNapoli Capital Partners purchased the historic property for $37,050,000.
Washington Property Company (WPC) of Bethesda, MD has leased 21,531 square feet of office and retail space in its Maryland and Virginia properties during the first quarter of 2014. The company’s highest level of leasing activity was at 1390 Piccard Drive in Rockville, MD.
April 25, 2012 Former Governor Eliot Spitzer: Intellectual Capital Drives the Economy By Leslie Braunstein The Dodd-Frank Wall Street Reform and Consumer Protection Act will have little effect on U.S. real estate markets, says former governor Eliot Spitzer, because it is being “whittled away piece by piece.” Spitzer says it repeatedly has been demonstrated that […]