The Most Comprehensive Source for Commercial Real Estate News in the Region 

Reston, VA — Affinius Capital LLC announced the closing of a loan for the acquisition of Signature at Reston Town Center, a two-building, 508-unit, 21 story, class A, multifamily property with 25,000 s/f of retail space and 1,200 parking spaces located within Reston Town Center in Reston. The loan was made to a joint venture between Sterling Investors, an SEC-registered real estate investment manager, and Simpson Housing, a vertically integrated manager of multifamily propert

46-acre development to feature retail, residential, hotel, and office space Richmond, VA — Greenberg Gibbons , broke ground on Midtown64 – a $500+ million, 46-acre mixed-use destination in Henrico County, located just outside of downtown Richmond, on the former Genworth Financial headquarters campus. Hospitality industry leader Shamin Hotels is a joint-venture partner in the project. With a landmark location at the intersection of West Broad St. and I-64, the two-million s

Keasbey, NJ’s Landmark Companies continues strategic Sun Belt multifamily expansion Raleigh, NC — Commercial Mortgage Capital (CMC) announced the arrangement of $42.5 million in financing for the acquisition of Hudson 5401, a 456-unit luxury apartment community located at 7760 Midtown Market Ave., Raleigh, in the 5401 North district. The transaction underscores the investor’s confidence in one of the region’s fastest-growing residential markets. Hudson 5401 offers its reside

Along Route 1 in North Brunswick, NJ North Brunswick Township, NJ — JLL Capital Markets has facilitated the leasehold sale of The Shoppes at North Brunswick, a high-performing lifestyle shopping center located in North Brunswick Twp. JLL represented the seller, Shoppes at North Brunswick, L.L.C., an affiliate of The Azarian Group, L.L.C. The buyer was a local private investor. JLL Capital Market’s Investment Sales and Advisory team was led by senior managing directors Jose Cr

Steelton, PA — SCOPE Commercial Real Estate Services, LLC (SCOPE), a middle-market multifamily investment sales firm, announced that it has arranged the $6.25 million sale of Steel Works Apartments, a newly constructed 42-unit multifamily community located in Steelton. SCOPE represented the seller, Integrated Development Partners. The transaction was led by senior director Craig Dunkle and director Mher Vartanian. The $6.25 million sale reflects a 7.48% capitalization rate, o

Keith Cody & Gordon Hough lead landlord representation PHILADELPHIA, PA — Silverstein Properties and Arden Group announced that RSM US LLP has signed a lease agreement to occupy space at 1735 Market St. in Philadelphia. RSM US LLP signed a long-term lease to occupy 22,340 s/f; the entire 21st floor. The firm is relocating its Philadelphia headquarters from 30 South 17th St. The landlord was represented by Keith Cody and Gordon Hough of Silverstein Properties; teams from Newma

Limerick, PA — PPR Capital Management (PPR) announced the addition of Botanica Cottages, a 199-unit multifamily property in Limerick, to its portfolio. The investment is PPR’s first in the Philadelphia metropolitan area. A community with build-to-rent features, Botanica Cottages offers one-, two-, and three-bedroom units located near the Rte. 422 corridor. Each unit includes its own private entrance and attached garage. PPR’s investment in the property is made alongside Bel C

Plaza 73 South Jersey — Vantage Commercial has completed two new retail leases at Plaza 73, making the center reach 100% occupancy. The additions of a nail salon and a kitchen & flooring store bring fresh neighborhood-focused services to the plaza and diversify the daily-use offerings available to local residents. John Doss, senior advisor, and Neil Kakumanu, sales associate, continue to represent the landlord not only at Plaza 73, but across a growing portfolio of retail hol