The firm has acquired two land parcels along Interstate 90, with plans to develop a state-of-the-art, speculative industrial building.
Affiliates of UIP Companies Inc. and Churchill Living have purchased a 300-unit, 19-story tower in Arlington, VA, with plans to implement a $9 million renovation.
Ground leases provide early capital at a favorable rate, helping to de-risk the deal for construction lenders.
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