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BETHESDA, MD-StonebridgeCarras and PN Hoffman are developing a $200 million mixed-use project here together with Montgomery County. Northwest Mutual is providing some of the debt and equity in the project, Matthew Ascher, director of the company’s real estate investments, tells GlobeSt.com. The life insurance company was attracted to the project, called Lot 31, because of its location. “I don’t think you could have created a better site for retail and multifamily in all of Washington, DC,” he adds. “It is a phenomenal opportunity for us.”

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