Carr Properties Sells New Bethesda Apartment Towers For $220M

Three years after delivering one of the largest developments in Bethesda's history, Carr Properties is cashing out of the residential component.

The developer sold The Elm — a pair of high-rise apartment buildings totaling 456 units — to AIR Communities for $220M, according to documents posted this week to Maryland deed records.Denver-based AIR Communities obtained a $155M loan that matures in September 2028 from Walker & Dunlop to finance the acquisition, deed records show.

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Retail REIT Consolidation Accelerates With Share Prices Down And Debt Costs Up

As investment into retail real estate from institutions picks up and interest rates make financing property acquisitions more expensive, mergers and acquisitions among publicly traded retail owners are on the rise.

Kimco Realty this week agreed to buy RPT Realty for $2B in an all-stock deal that market watchers say is likely the tip of the iceberg. It follows two other M&A deals in recent months: Regency Centers' planned acquisition…

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‘We Need To Be Competitive’: Chevy Chase Land Co.’s John Ziegenhein At Bisnow’s Montgomery County Event

Neighboring the nation’s capital, Montgomery County, Maryland, remains one of the most popular spots in the D.C. region. As the area’s second-largest county, with just over 1 million residents, MoCo is known for its abundance of opportunity in the life sciences, healthcare and hospitality sectors…

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Amazon CEO To Workers Who Won't RTO: 'It’s Probably Not Going To Work Out For You At Amazon'

Amazon CEO Andy Jassy is turning up the heat on employees who haven't come back to the office for the required three days per week. In a meeting earlier this month, Jassy admonished return-to-office holdouts, saying their refusal to comply with the policy for corporate employees…

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