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WASHINGTON, DC—The Armed Forces Retirement Home is reportedly set to launch a campaign to attract a development partner for an 80-acre parcel of its 272-acre campus in Northwest DC.
PHILADELPHIA—One of Center City's newer apartment buildings is on the market for sale and the owner is reportedly seeking a significant profit if a deal is to be reached.
CAMDEN, NJ—Philadelphia-based developer Dranoff Properties has repaid a financing deal with the Delaware River Port Authority transacted more than a decade ago on its luxury apartment project here.
NASHVILLE, TN—Locally-based residential and commercial development firm Aerial Development Group reports it has hired Mark Biersmith as its president and chief operating officer.
GREENSBORO, NC—New York City-based Greystone reports it has provided $30.05-million in acquisition financing to Varden Capital Properties of New York City for its acquisition of a total of 941 residential units here and in Winston-Salem, NC.
NEW YORK CITY—In his second such speech, New York City Mayor Bill de Blasio said Tuesday his administration intends to tackle the high cost of housing in the city by building or preserving 200,000 affordable units in the next 10 years.
WHITE MARSH, MD—Paragon Outlet Partners is hoping to break ground this summer on a mixed-use project that will include more than 100 outlet stores. However, adjoining property owners and a competing retail property are looking to block or at least postpone the groundbreaking ceremony.
FREEHOLD, NJ—Sears Holdings Corp. announced two more lease transactions with European fashion retailer Primark at the Danbury Fair Mall in Danbury, CT and at the Freehold Raceway Mall here.