Real Estate

On April 29, an auction was held to sell the Charlestowne North Apartments at 8150 Lakecrest Drive, an apartment complex that has been in receivership since February. Paul Cooper, vice president of the auction house conducting the sale, told the News Review the property was sold to the lender Freddie Mac. Last week Freddie Mac confirmed to the city that they were the winning bidder on the foreclosure sale. However, they said, the sale will not be ratified for approximately 45 to 60 days and, in the meantime, the receiver will remain in place.

On a quiet, private street in Chevy Chase, at 3803 Jenifer Street NW sits a colonial home of masterful craftsmanship and incredible scale. Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties offer this exceptional property at $4.595 M. Recently remodeled in 2023...

Eight years ago, Invesco Real Estate set a Maryland multifamily record with its acquisition of Flats 8300 in Bethesda. Last month, it sold the property at a significant discount. AIR Communities have now picked up the property at 8300 Wisconsin Avenue for $129.8 million, Bisnow reported. The sale appeared in...

Zoning reform is the key to solving Montgomery County’s housing crisis and to addressing the need for a more diverse array of housing styles and increasing housing production, officials said during Friday’s Affordable Housing Conference of Montgomery County in Rockville. “We have to get out of this dynamic...

Maryland’s MCB Real Estate is set to break ground in 2025 on Viva White Oak, a long-awaited project adjacent to the U.S. Food and Drug Administration in Silver Spring, Md,. The 280-acre site, previously overseen by Global LifeSci Development Corp., is approved for over 12 million square feet of mixed-use development, including residential units and commercial and higher-education spaces with a biohealth focus.

Flats 8300, at 8300 Wisconsin Ave, has sold for $129.8 million to Denver-based AIR Communities, according to a BisNow report. According to the report, the property was initially sold to the seller, Invesco Real Estate, for $207 million in 2016. The deal was announced by AIR Communities via LinkedIn. “We’re...

A $23.5 million Bethesda waterfront estate will be going back on the market less than four years after selling—this time for a much higher asking price after undergoing a three-year renovation. The nearly 12,000-square-foot home set the record for the most expensive Bethesda home sale in recent history when...

Listed with Daniel Heider (202) 938-3685 of TTR Sotheby’s International Realty. LOCATION: 6699 Macarthur Boulevard, Bethesda, Maryland. This brick home is located at 6699 Macarthur Boulevard in Bethesda, Maryland and is situated on 2 acres of land. It was built in 2013 and features approximately 11,522 square feet of...

First Home Mortgage announced yesterday the appointment of Tim Whittier as its new President. Whittier has been with First Home Mortgage since 2009 and began his mortgage banking career at National City Mortgage in 1992, directly out of the University of Maryland. Over the years, Whittier has held various positions,...

A troubled high-rise housing complex called the Enclave, located in the White Oak area of Silver Spring, faces two pressing problems. The first is years of landlord disinvestment in the property. Tenants have been grappling with rat infestations, broken elevators, spotty heat and hot water, and untreated mold, among other problems since well before the pandemic. The second is a contracted sale for $230 million that could threaten one of the biggest naturally occurring low-income housing options in the county. Although some of the county’s tools will no longer work, others are still on the table.

Real Estate Fresh Finds is a weekly selection of newly-listed properties in the District, brought to you by RLAH Real Estate. “Welcome to your dream home in the heart of Takoma Park! Nestled just a few blocks from downtown, this charming duplex offers the perfect blend of modern convenience and classic charm. As you step inside, you’ll be greeted by gleaming new hardwood floors that flow seamlessly throughout the main level. The abundance of windows on the main floor floods the space with natural light. The eat-in kitchen is a chef’s delight, featuring stainless-steel appliances, brand-new cabinets and granite countertops, and a large island for entertaining. Step outside to the backyard oasis, where you have a front porch and back porch, front yard, side yard, and back yard to entertain. Up one level features two large bedrooms and two large bathrooms. Head up to the finished attic, offering a perfect spot to create a home office/playroom and so much more with treetop views. The finished lower level has a bedroom, family room, and full bath, along with convenient access to the attached garage. Rarely in D.C. do you get an attached garage! This garage can also be converted to a hangout space or an additional bedroom. Step outside and discover the neighborhood’s best amenities right at your doorstep. Across the street, the Takoma Recreation Center offers a pool, playground, and dog park, while Wells Middle School and Coolidge High School are just a stone’s throw away. With Safeway and Walmart nearby, and an array of restaurants and boutiques in Takoma Park, everything you need is within reach. Plus, the metro is less than a mile away, making commuting a breeze. Don’t miss your chance to own this gem in one of D.C.’s most coveted neighborhoods.”

Over the last decade and a half, it has made much more sense for Bozzuto to build rather than buy apartments. However, as it has become harder to pencil out new projects, the Greenbelt, Maryland-based owner, developer and No. 11 manager in the country has now pivoted. “Given current ongoing...

Plans for a large new residential project above Ellsworth Place in downtown Silver Spring are set to proceed, according to UrbanTurf. A staff report (PDF) from the county’s Planning Board meeting on May 16 recommends approving a sketch plan outlining a nearly 20-story, 450-unit apartment project to be constructed atop the mall’s existing structure along Colesville Road.

The Washington Housing Initiative’s Impact Pool has exceeded its target of preserving 3,000 workforce housing units across the region after assisting the owner of a Takoma Park apartment complex in refinancing their loan. The Impact Pool provided a $6 million mezzanine debt loan to Silver Spring-based housing nonprofit Montgomery...