Regions Midatlantic
Associated Estates Takes Two Virginia MFs
April 22, 2008

Associated Estates Realty Corp. has purchased The Belvedere and River Forest apartments, two Class A apartment communities located in the Richmond, Va., metro area. from The Bogese Cos. for $75M, according to reports by both the buyer and seller. The properties are located in Chesterfield County, one of Virginia's most prosperous and fastest growing regions. AEC has acquired three properties in Virginia over the last ten months with a total of 804 units.  The Belvedere, with 296 units, and River Forest, with 240 units, were built in 2005 and 2006 respectively. Both properties are located in close proximity to major employment centers, shopping and recreational venues.

 
Recent Midatlantic Headlines
Budget to Save Commercial Property Holders $21M in  D.C.
May 16, 2008
Commercial property holders in Washington, D.C. will save $21 million in savings for the year beginning in October following the D.C. Council's  passage of its 2009 budget, Washington Business Journal reported.
Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
Philadelphia Taps Hughes for Green Post
May 15, 2008
According to the Philadelphia Inquirer, Mark Hughes will become the city's sustainability director.
Arent Fox to Relocate D.C. Office
May 15, 2008
Arent Fox L.L.P. has announced that it will relocate its Washington, D.C., office to 1000 Connecticut Ave. upon the expiration of its current lease in 2012.
Busy Few Days for ProLogis with Development, Acquisition, Hiring News
May 14, 2008
The week is only half done and already ProLogis has announced plans for a 220,000-square-foot build-to-suit in Hungary, the purchase of 83 acres in Virginia, and the appointment of a new global executive.