(To read more on the multifamily market, click here.)
WASHINGTON, DC-The CB Richard Ellis Washington-BaltimoreMulti-Housing team is on target to close $1.2 billion in localmultifamily transactions by the end of April. At the beginning ofthis month it had closed a total of $303 million for 2007, BillRoohan, vice chairman at CB Richard Ellis tells GlobeSt.com.
"These were largely partnership, private trade transactions," hesays, consisting of seven deals and a cumulative 1,997 unitsthroughout Northern Virginia, Montgomery County, MD and Baltimore.The firm also has approximately $900 million under contract thatshould close in next 30 to 60 days, he adds.
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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.
