Last Updated: October 22, 2005 10:30pm ET

New JV Plans $400M in Local Investments

By Barbra Murray

WASHINGTON, DC-A new joint venture involving RCP Development Co. and Citigroup Property Investors kicks off with plans to invest $100 million in projects in the Washington, DC Metropolitan area. The partnership will focus predominantly on multifamily and mixed-use projects.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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