Landover
REAL ESTATE
D.C. Landlord Agrees Not to Break Fair Housing Laws and Will Pay $235K in Legal Fees in Settlement
Real estate group AIR Communities agreed not to unlawfully discriminate against housing voucher recipients and will pay hundreds of thousands of dollars in legal fees as part of a settlement agreement announced this week. The real estate group settled a lawsuit sparked by an investigation by the Equal Rights Center...
“NRP Group To Begin Construction On Fully Affordable Housing Apartment Serving Washington, D.C.’s NoMa and Union Market Neighborhoods”
301 Florida Avenue, NE rendering courtesy PGN Architects, a Michael Graves Company. “The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), has closed on construction financing for Emblem, a 115-unit, entirely affordable housing community in the middle of the thriving NoMa and Union Market neighborhoods. The community will be entirely reserved for families and individuals earning up to 30% and 50% of the Area Median Income (AMI).
Declining home-listing prices in region typical of summer
After living through several years of abnormalcy, it’s good to have normalcy where you can find it. And the Washington region’s real-estate market does seem to be playing out in sync with historic norms now that spring has given way to summer. The region’s median listing price of...
McLean estate once visited by Amelia Earhart now on housing market
For just under $40 million, you could stand on the same ground where Amelia Earhart once landed an airplane. Ballantrae Farms, a 6.3-acre McLean estate whose house pre-dates the American Civil War, is currently up for sale with an initial asking price of $39.995 million. The property’s “storied past” includes a landing by Earhart in the 1930s, according to a listing that Washington Fine Properties posted last week.
Real Estate Fresh Finds: July 3
Real Estate Fresh Finds is a weekly selection of newly-listed properties in the District, brought to you by RLAH Real Estate. Featured Property of the Week: 1111 25th Street NW #518. “Located in West End, this beautiful studio at the Atlas Condominiums is great for any urban dweller. This unit...
TOPA Needs Capital to Succeed
At LISC, we were pleased to see recent reporting on Washington, D.C.’s Tenant Opportunity to Purchase Act (TOPA) by Roshan Abraham in Shelterforce/Next City, including his article on the unique model pursued by the Baldwin House collective (“How ‘Tenant Stewards’ are Using TOPA to Form a Co-op”). Abraham uplifts the vision and purpose of this unique co-op, but emphasizes their uncertainty about how they will be able to pay back the loan that allowed them to make the purchase.
An interview with Kevin Porter: Building communities through innovative commercial real estate projects
Assistant Project Manager at Redgate shares His Insights on Mentorship and Community Engagement. Real estate organizations/affiliations: ULI Baltimore and ULI DC. What is your most notable project, deal, or transaction?. The City of College Park City Hall that Redgate developed in partnership with the City of College Park and the...
Eastern Union brokerage bolsters Mid-Atlantic presence
Eastern Union, a national commercial real estate finance firm, has announced the addition of Alex Carroll (pictured) as a broker in its mid-Atlantic regional office in Bethesda, Md. Carroll will primarily focus on business development and commercial mortgage origination, working under the supervision of senior managing director Marc Tropp. Tropp,...
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.