Purple Line

Corner Lot Advisors Acquires 8200 Wisconsin Ave

Retrieved on: 
Friday, March 29, 2024
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, Walter Reed Hospital, Walking, Partnership, Purple Line, Yoga, Acquisition, NIH, Wisconsin Avenue, Streetcorner

Corner Lot Advisors, a privately-owned real estate investment firm and operating partner specializing in the acquisition and repositioning of multifamily assets, announced today its purchase of 8200 Wisconsin Avenue, a 245-unit property anchoring the east end of Battery Lane, a major artery in downtown Bethesda, MD.

Key Points: 
  • Corner Lot Advisors, a privately-owned real estate investment firm and operating partner specializing in the acquisition and repositioning of multifamily assets, announced today its purchase of 8200 Wisconsin Avenue, a 245-unit property anchoring the east end of Battery Lane, a major artery in downtown Bethesda, MD.
  • The acquisition offers Corner Lot a unique opportunity to reposition a core Bethesda property and capture growing market demand for larger units in a highly desirable, suburban-urban environment.
  • “For us, 8200 Wisconsin Avenue represented a generational opportunity to acquire and reposition a core multifamily asset in an A+ location,” said Michael (“Chip”) Davis, Managing Principal, Corner Lot Advisors.
  • Corner Lot would also like to thank its brokers on the transaction, specifically Ari Firoozabadi and Kyle Tangney of Greysteel, who helped bring the deal to fruition.

Landmark Realty Announces Official Opening of Crescent at Chevy Chase

Retrieved on: 
Wednesday, February 14, 2024
Multimedia, Washington metropolitan area, Chase, Purple Line, Crescent, Capital Crescent Trail, MPDU, Real property, Development, Housing, Interior design

CHEVY CHASE, Md., Feb. 14, 2024 /PRNewswire-PRWeb/ -- Landmark Realty, Inc., a distinguished family-owned manager, developer, and operator of multi-family properties in the Washington, D.C. metro area, proudly announces the official opening of their first ground-up development, the luxury apartment community Crescent at Chevy Chase, fifteen years from the onset of the redevelopment effort.

Key Points: 
  • Landmark Realty, Inc. is excited to announce the grand opening of Crescent at Chevy Chase, their premier luxury apartment community in Washington, D.C.
  • Situated at 3929 Landmark Ct., adjacent to the upcoming Purple Line and Capital Crescent Trail, Crescent at Chevy Chase offers residents unparalleled access to amenities such as the new Chevy Chase Lake Town Square, local dining, vibrant retail, and Rock Creek Park.
  • Crescent at Chevy Chase stands as a testament to Landmark Realty's dedication to providing new housing options in the Washington Metropolitan Area.
  • CHEVY CHASE, Md., Feb. 14, 2024 /PRNewswire-PRWeb/ -- Landmark Realty, Inc., a distinguished family-owned manager, developer, and operator of multi-family properties in the Washington, D.C. metro area, proudly announces the official opening of their first ground-up development, the luxury apartment community Crescent at Chevy Chase, fifteen years from the onset of the redevelopment effort.

Kramer Levin Names Amy Caton Co-Chair of the Firm’s Bankruptcy and Restructuring Practice

Retrieved on: 
Monday, January 8, 2024
Professional Services, Public Policy, Government, State, Local, Legal, Finance, Banking, Accounting, Bankruptcy, The American Lawyer, Endo International, AES, Hertz, Purple Line, PG&E, General Motors, Society, Special, American College, PREPA, Intelligence, Lawyer, Security (finance)

Kramer Levin is pleased to announce the promotion of Amy Caton to co-chair of the firm’s Bankruptcy and Restructuring practice.

Key Points: 
  • Kramer Levin is pleased to announce the promotion of Amy Caton to co-chair of the firm’s Bankruptcy and Restructuring practice.
  • Thomas Moers Mayer will step down from his co-chair position and will continue as a senior partner in Kramer Levin’s Bankruptcy and Restructuring department.
  • “Ken and Tom led the Kramer Levin bankruptcy group as a team for 14 years, during which the stature and prominence of our bankruptcy group has become renowned.
  • Kramer Levin appointed Bankruptcy and Restructuring partner Adam Rogoff to co-lead the firm’s multidisciplinary health care industry group in 2023.

CAF Selects Cervello to Secure Israel Landmark Light Rail in Tel Aviv

Retrieved on: 
Thursday, November 30, 2023
Safety, Light rail, NTA, City, LRT, Partnership, TEL, Quality of life, Environment, Travel, Purple Line, CAF, Transport, Risk management, Cervello

TEL AVIV, Israel, Nov. 30, 2023 /PRNewswire/ -- In a joint announcement, Construcciones y Auxiliar de Ferrocarriles (CAF), the global leader in comprehensive mobility solutions, appoints leading rail cybersecurity company, Cervello in collaboration with Bynet Data Communications , to provide infrastructure cybersecurity for Israel's Light Rail Transit (LRT) Purple Line, spanning 27 kilometers across the Tel Aviv metropolitan area.

Key Points: 
  • TEL AVIV, Israel, Nov. 30, 2023 /PRNewswire/ -- In a joint announcement, Construcciones y Auxiliar de Ferrocarriles (CAF), the global leader in comprehensive mobility solutions, appoints leading rail cybersecurity company, Cervello in collaboration with Bynet Data Communications , to provide infrastructure cybersecurity for Israel's Light Rail Transit (LRT) Purple Line, spanning 27 kilometers across the Tel Aviv metropolitan area.
  • Cervello's unique proficiency in rail cybersecurity allows it to deliver in-depth contextual analysis and granular asset management in real time.
  • CAF and Cervello's strategic partnership will transform the rail cybersecurity landscape, merging global, world-leading solutions to fortify the Purple Line's critical rail operations and infrastructure.
  • It is our commitment to work diligently to ensure the safety and integrity of Tel Aviv's LRT infrastructure."

FSC First Encourages Businesses Disrupted by Purple Line Construction to Apply for Business Assistance Grant Funding

Retrieved on: 
Wednesday, April 12, 2023
Maryland Department of Commerce, Insurance, Pressure, Purple Line (Maryland), Prince George, Purple Line, FSC, Commerce, Food delivery, County

LARGO, Md., April 12, 2023 /PRNewswire-PRWeb/ -- Sponsored by Prince George's County and the Maryland Department of Commerce, FSC First is pleased to open the second round of the Purple Line Business Assistance Grants to small businesses impacted by the 16-mile Maryland Purple Line light rail construction. Priority will be given to those applicants who have never received the initial Purple Line Business Assistance Grant.

Key Points: 
  • The second round of the Purple Line Business Assistance Grants are open to small businesses impacted by the 16-mile Maryland Purple Line light rail construction to assist with working capital to sustain operations.
  • Priority will be given to those applicants who have never received the initial Purple Line Business Assistance Grant.
  • During the first rounds of funding for both County and Commerce, 124 Purple Line Business Assistance grants were awarded, amounting to $630,000 in combined funding.
  • "The financial assistance from the Purple Line Business Assistance Grant will help sustain our small business community and relieve some of the pressure from the construction of the Maryland Purple Line light rail," says Dawn Medley, President and CEO of FSC First.

The NRP Group, Willton Investment Management, Mayor Jordan Celebrate Grand Opening of 354-unit Motiva

Retrieved on: 
Thursday, September 15, 2022
Interior Design, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, REIT, Income, Prince, Capital, Development, NRP, Senior, The, Purple Line, Partnership, City, Capital Beltway, Walking, United States district court, Transport, School, District court, University of Maryland, College Park, National Association, Multimedia, University, Hotel, Management, Property management, Commercial property, Green belt, Motiva

View the full release here: https://www.businesswire.com/news/home/20220915006091/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220915006091/en/
    Council members of The City of Greenbelt, Willton Investment Management, and Eagle Bank joined The NRP Group and Greenbelt Mayor, Emmett V. Jordan at an open house celebration of Motiva, a 354-unit, luxury community.
  • Motiva marks the third successful lease-up in the Washington D.C. metro area for The NRP Groups Mid-Atlantic office and the second Prince George's County project for The NRP Group and Willton Investment Management.
  • Willton Investment Management is a New York City based real estate office focused on multifamily investment across the United States.
  • For media inquiries or to learn more about Willton Investment Group, please visit www.willtongroup.com .

Stantec selected to lead construction management for zero-emission Blue Line Bus Rapid Transit in Indianapolis

Retrieved on: 
Tuesday, June 14, 2022
Route 8, US, Lynx Blue Line, Transport, Forward-looking statement, Nature, Partnership, News, City, Red, STN, Creativity, Investment, GLOBE, Long Island Rail Road, Risk, NYSE, TSX, Quality of life, AB, Social media, NEW, BRT, FTA, Stantec, Purple Line, Bus rapid transit, Engineering, Water, Red Line, Blue Line, DBE, Rail transport, Tunnel, Construction, IndyGo

EDMONTON, Alberta and NEW YORK and INDIANAPOLIS, June 14, 2022 (GLOBE NEWSWIRE) -- TSX, NYSE: STN

Key Points: 
  • EDMONTON, Alberta and NEW YORK and INDIANAPOLIS, June 14, 2022 (GLOBE NEWSWIRE) -- TSX, NYSE: STN
    Stantec, a global leader in sustainable design and engineering, has been selected to lead construction management for the US$220 million Blue Line Bus Rapid Transit (BRT) project in the City of Indianapolis.
  • We are delighted to partner with a leader like Stantec for the third phase of our Bus Rapid Transit implementation.
  • The Blue Line is a critical component of the Marion County Transit Plan, said Jennifer Pryz, chief development officer at IndyGo.
  • In partnership with Shiel Sexton and Shrewsberry , Stantec will provide construction management services for the roadway, stations, and utilities, as well as overall integration.

EagleBank Provides Construction Financing to Urban Atlantic for Affordable Workforce Housing in New Carrollton, Maryland

Retrieved on: 
Wednesday, April 27, 2022
Margaux, Amtrak, Prince, Transport, WMATA, Washington Metropolitan Area Transit Authority, Education, GLOBE, CRE, Pleasure, EagleBank, Purple Line, TOD, Metrorail, I-95, Metro, Amazon, Partnership, MARC, Risk, School, List of highways numbered 50, Housing, Tunnel, D.C, Metrobus

The Margaux is also the first new construction project to benefit from Amazons Housing Equity Fund, which provided $25.4 million in low-rate loans.

Key Points: 
  • The Margaux is also the first new construction project to benefit from Amazons Housing Equity Fund, which provided $25.4 million in low-rate loans.
  • EagleBanks lending team is dedicated to supporting our community by providing financing for affordable housing projects so that everyone has equal access to housing, said Ryan Riel, Chief Real Estate Lending Officer at EagleBank.
  • As the D.C. community prepares to welcome Amazons newest headquarters, this development will support the creation of additional affordable housing supply.
  • It was a pleasure working with Urban Atlantic again and we look forward to continuing our partnerships in the affordable housing space.

Amazon Commits $82 Million to Create More Than 700 New Affordable Homes Near Metro Stations in the Greater Capital Region

Retrieved on: 
Tuesday, March 15, 2022
Online Retail, Retail, Technology, Other Construction & Property, Construction & Property, Internet, Climate Pledge Arena, Discovery District, Education, Kindle Direct Publishing, Capital city, AWS, Goal, Maryland Department of Commerce, CEO, Washington Metropolitan Area Transit Authority, Amazon Echo, Climate, Metro station, Partnership, Income, School, Multimedia, Amazon, Amazon Fire TV, Amazon Studios, National Capital Region Transport Corporation, Transport, Amtrak, Growth, Metrobus, MARC Train, Employment, Quality of life, University, Health, ITO metro station, Walking, Metrorail, Walk Out, U.S. Department of Defense Strategy for Operating in Cyberspace, Alexa, Housing, Thought, Metro, AMI, Margaux, MDOT, College Park, Farmer, History of the University of Maryland, College Park, Purple Line, U.S. Department of Housing and Urban Development, Office of Inspector General, Renewable energy, Kindle, Atworth, Fire

The deals stem from Amazons $300 million transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in Amazons hometown communities.

Key Points: 
  • The deals stem from Amazons $300 million transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in Amazons hometown communities.
  • The progress we have made in our first year is promising, but we have more to do.
  • Since launching the Amazon Housing Equity Fund in January 2021, Amazon has committed more than $795 million in loans and grants for the Arlington, Virginia-Washington, D.C. region to create and preserve more than 4,400 affordable homes.
  • Amazon is acting at the scale this region needs to create and preserve affordable housing.

Avocet Tower, Designed by Pickard Chilton, Incorporates View Smart Windows to Deliver One of the Healthiest, Most Energy Efficient Buildings in DC Area

Retrieved on: 
Thursday, November 11, 2021
Tumbler (glass), View, Inc., Stonebridge, GLARE, Intelligence, Constitution Square, Health, SE, NASDAQ, DOAS, Headache, Invesco, Purple Line, Region, Airport, Principal, Tenant, Platinum, 1625 Eye Street, LEED, Acquisition, Carbon, Incidence, Eye, Hospital, GLOBE, Leadership in Energy and Environmental Design, Tower, Metro Red Line (Minnesota), NYSE, Sleep, Darcy, Life, RIBA, Dominion Energy, Sculpture, Flat, Capital Crescent Trail, Mobile phone, Satellite navigation device

WASHINGTON, Nov. 11, 2021 (GLOBE NEWSWIRE) -- View, Inc. (NASDAQ: VIEW) (“View”), the leader in smart building technologies, has installed its Smart Windows as an integral design element of Avocet Tower, a highly-anticipated 22-story, 370,000-square-foot office building with wellness-focused amenities designed by award-winning architecture firm, Pickard Chilton.

Key Points: 
  • Floor-to-ceiling View Smart Windows are featured throughout Avocet Tower to complement open floor plans, high ceilings, and a unique interactive sculpture above the entrance.
  • View Smart Windows directly align with that goal, said Jane Mahaffie, Principal with Stonebridge.
  • View Smart Windows were instrumental in our design goal to make Avocet Tower one of the healthiest, most energy efficient and smartest buildings in North America, said Jon Pickard FAIA, RIBA, Principal of Pickard Chilton.
  • View Smart Windows offer significant health advantages by reducing the incidence of eyestrain and headaches by over 50 percent.