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MRP Realty and The JBG Cos. have started construction on The Alric, a 323-unit apartment building at 731 Seaton Ave. in Alexandria.
Because of the rising demand in apartment homes, 65 percent of multifamily companies added employees last year, according to a survey by the National Multi Housing Council, based in the District.
D.C. investment firm The Carlyle Group has formed a joint venture with Greystar Real Estate Partners LLC, a Charleston, S.C.-based apartment investor and management company, to build a high-end apartment development near Potomac Mills.
District-based Rock Creek Property Group has closed on two Washington-area acquisitions, more than a year after closing a $21 million investment fund to acquire Class B and Class C properties in the region.
Sales of apartment and condominium buildings in the Washington Sales of apartment and condominium buildings in the Washington area surged to $4.7 billion in 2011, a $1.1 billion increase from 2010.
AEW Capital Management LP, following the lead of other Tysons Corner landowners, has decided to put three sites zoned for high-rise apartment buildings up for sale to interested developers.