(To read more on the multifamily market, click here.)
BETHESDA, MD-In separate transactions, two multifamilyproperties have traded in suburban Maryland for an aggregate priceof $64 million. The broker in both deals was Transwestern'sInstitutional Multifamily Group, which is based here and led byco-directors Al Cissel and Scott Melnick.
Besides these two sales, the company has closed more than $1.3billion of transactions in the last month, Cissel tellsGlobeSt.com, with an additional $180 million under agreement.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
