October 13, 2010
Click here to watch video of Bozzuto CEO Tom Bozzuto moderating the 2010 ULI Fall Meeting General Session with the following panelists:
- The Honorable Henry Cisneros, Former Secretary, U.S. Department of Housing and Urban Development
- Bart Harvey, Former Chairman and Chief Executive Officer, Enterprise Community Partners
- The Honorable Steve Preston, Former Secretary, U.S. Department of Housing and Urban Development
- J. Ronald Terwilliger, Chairman… Continue reading
September 21, 2010
Take a glance upward from the main traffic circle at Annapolis Towne Centre at Parole to the top of the Mariner Bay apartment building. There are actually trees up there — not just large potted plants. Those are bona fide trees in the rooftop gardens of Mariner Bay.
Lauren McDonald, manager of corporate communications for Mariner Bay, says that the plant beds contain 5 feet of soil that absorbs rainwater and lessens runoff. Although the plantings do not qualify for a… Continue reading
August 16, 2010
Tom Bozzuto and Penny Pritzker have made a first bet with their new $75 million apartment fund and it is on Jim Abdo's Catholic University project, a major equity investment in new housing construction the likes of which have been rare since the economic collapse in 2008.
Abdo, a D.C. developer whose popular condominium projects helped remake 14th Street NW and H Street NE, is planning nearly 1 million square feet of new housing… Continue reading
Washington Business Journal: Bozzuto, Pritzker Realty Group Investment Spurs Abdo's Catholic University of America Project
August 16, 2010
Greenbelt-based The Bozzuto Group and Chicago-based Pritzker Realty Group have formed a $75 million joint venture that will fund the redevelopment of The Catholic University of America's south campus, led by Abdo Development.
The university tapped Abdo for the Brookland project in 2008. The team will break ground by the end of next year.
August 02, 2010
Is Tom Bozzuto betting against the housing market? His Bozzuto Group, based in Greenbelt, announced last week the formation of its newest fund, a $75 million joint venture with Chicago-based Pritzker Realty Group, which will allow the company to acquire or develop hundreds of apartments in the mid-Atlantic region, particularly in the Washington area.
Bozzuto, the company's chief executive, plans to focus mainly on development of new homes,… Continue reading
July 29, 2010
Pritzker Realty, Bozzuto Group help kick off the resurgence with $75 million joint venture.
After months of little to no activity, multifamily development in the nation’s capital is seeing the beginnings of a quiet resurgence.
Hoping to lead the way: Chicago-based real estate investment firm Pritzker Realty Group and Greenbelt, Md.-based developer and manager The Bozzuto Group. Earlier this week, the firms announced the creation of a joint venture… Continue reading
July 28, 2010
In its nearly quarter century, Bozzuto Group has developed 25,000 apartments and bought 5,000 others, often via joint ventures with the blue-chip likes of JP Morgan, Northwestern Mutual, CIGNA, and the New York State Teachers' Retirement System. But yesterday it announced its biggest yet: a $75 million equity war chest into which it’s contributing but with the majority funded by Chicago icon Penny Pritzker and unveiled as the Bozzuto/Pritzker Realty Group fund.
… Continue reading
July 28, 2010
CHICAGO-Pritzker Realty Group, based here, and Greenbelt, MD-based Bozzuto Group have formed a joint venture to develop and buy apartments in the Northeast and Mid-Atlantic regions. The initial investment is $75 million.
The venture has already been working to line up property, primarily class A buildings for purchase and mixed-use, transit-orientated sites for development, says Tom Bozzuto, CEO. “We have four-to-five properties in our pipeline that we will soon… Continue reading
Washington Business Journal: Bozzuto Group Forms $75 Million Joint Venture with Pritzker Realty Group
July 27, 2010
Greenbelt-based The Bozzuto Group is teaming up with Pritzker Realty Group LLC of Chicago to invest in multifamily housing. The two companies said Tuesday that they would commit $75 million in initial capital to the joint venture.
The Bozzuto/Pritzker Realty Group partnership will look for multifamily development and acquisition opportunities in high-growth locations throughout the mid-Atlantic and Northeast regions, with… Continue reading
July 27, 2010
The Bozzuto Group is teaming with Pritzker Realty Group on a new $75 million investment fund to develop and buy apartment complexes, primarily in the Baltimore-Washington region.
Bozzuto Group CEO Tom Bozzuto said the joint venture already has six target development opportunities in Baltimore, Washington and in between, on its radar, but he wouldn’t disclose specific locations. The investment fund will also seek opportunities in the Northeast.
“We… Continue reading