Cloverly
REAL ESTATE
Family First: Buyer Goes Over Asking Price For Highly-Coveted $1.295M DC Listing
Location was everything for a new homeowner who was willing to go over the asking price for a Chevy Chase home that was conveniently located near family. A one-level home nestled along a tree-lined street on 4100 Ingomar St. NW in DC sold for $1.403 million after being listed by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties for $1.295 million, the realtors said.
Rockville Shopping Center Sold For $28 Million
Aggregate Real Estate Investors has acquired the Montrose Shopping Center retail plaza in Rockville from Rosenthal Properties for $28 million, per a Biz Journals report. Montrose Shopping Center is home to the first MOM’s Organic Market to ever open, longtime tenant Asadur’s Market, KPOT Korean BBQ, Planet Aid Throft Store, Shouk, Planet Fitness, and more.
Dan Snyder’s Virginia mansion, estate on market for $60M
FAIRFAX COUNTY, Va. (DC News Now) — The Mount Vernon estate of former Washington Commanders owner Dan Snyder hit the market. The asking price for the 16.5 acres along the Potomac River: $60 million. The property listing on TTR Sotheby’s International Realty’s website says River View is the largest privately-owned parcel of George Washington’s original […]
Listing of the Day: 812 6th Street NE
Type: 5 BR, 5 (+1 half) BA townhouse — 3,243 sq. ft. Noteworthy: Luxury and modern elegance are perfectly balanced to create the ultimate living. Introducing the latest development and custom-built new construction by William Andrew Homes: Welcome to 812 6th Street NE, where luxury and modern elegance are perfectly balanced to create the ultimate living experience in the bustling H Street corridor.
Tishman Speyer Sells Downtown D.C. Office Building for $140M
New York-based real estate giant Tishman Speyer has sold 2000 K Street NW, a downtown D.C. office property, to Spear Street Capital for $140.2 million. Tishman Speyer sold the building located two blocks east of Washington Circle that it spent millions renovating just before the pandemic, according to the Washington Business Journal. Spear Street secured a $103 million acquisition loan from Germany-based DekaBank for the deal.
Bright MLS Weekly Market Report
New listings surge after a slow week. The week ending July 14 had 6,421 new listings come onto the market, a 36.0% surge from the holiday week. The number of new listings is 11.6% greater than the same week last year. Supply has generally been increasing since the beginning of the year, though inventory is still low in many local markets.
Bethesda shopping center to get 118-unit housing development
The Montgomery County Planning Board on Thursday approved plans by Bethesda-based builders W.C. & A.N. Miller Development Co. to build a 118-unit residential development at the Shops at Sumner Place in southwest Bethesda. Company President Robert Miller told the board before its unanimous vote that he is “excited about the...
Officials break ground on new affordable housing
SCG Development held a groundbreaking event on July 17 for the first phase of a two-phase new affordable housing development in Northern Virginia. Somos at McLean Metro Phase A will be a new construction mid-rise multi-family rental housing community for lower-income households. Upon completion, Somos at McLean Metro – Phase A will create 231 new affordable homes in a high barrier-to-entry market walkable to the Metro.
Valore Ventures acquires 30,000± s/f industrial facility in Hyattsville, Maryland
HYATTSVILLE, MD — Real estate investment and management firm Valore Ventures has acquired a nearly 30,000 s/f industrial property in Hyattsville. Situated on a 1.4-acre site, 5115-5117 Lawrence Place is permitted for light manufacturing, warehousing and distribution. The property features 18 ft. clear ceilings, interior and exterior loading docks, and substantial surface parking. It is proximate to major arterial roads and within 12 miles of Washington, DC.
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