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Latest News

Washingtonian: Luxury Apartments in Washington—With Units Still Available

October 10, 2011

A fickle real-estate market has driven some potential buyers to luxury apartments. With high-end amenities and stylish interiors, new rentals are not a bad place to be.

When pediatrician Amanda Levin moved here from Chicago this past summer, she and her husband, Dave, an orthopedic surgeon, decided to skip house-hunting and instead rent a two-bedroom apartment at Upstairs at Bethesda Row.

“We wanted to make sure our jobs were working out and that… Continue reading

Multifamily Executive: Mark Alfieri, Kenneth Naylor, The Bozzuto Group Win Big at the 2011 MFE Awards

October 07, 2011

Mark Alfieri, COO of the multifamily platform at Dallas-based Behringer Harvard, was named the 2011 Executive of the Year by Multifamily Executive magazine at the MFE Awards luncheon in Las Vegas on Oct. 4, 2011. Alfieri was one of two individual honors and more than 40 awards presented at the event, which recognizes exceptional people, projects, and programs across 18 categories.

Alfieri was honored for the rapid growth he… Continue reading

Multi-Housing News: MHN Celebrates 2011 Excellence Winners at Ohm in NYC

September 22, 2011

MHN hosted a cocktail party on Monday, September 19 in honor of its 2011 MHN Excellence Award winners and finalists. The event was held at Ohm, a luxury apartment property in West Chelsea. Event sponsors included Benoit & Associates, Douglaston Development and PropertyShark.

MHN Editor-in-Chief Diana Mosher kicked off the event by leading a Q &A with Steven Charno, president of Douglaston Development, the developer of Ohm. They discussed the… Continue reading

Metro Business Media: New Details on National Harbor's First Apartment Project Being Developed By Bozzuto and The Peterson Companies

September 14, 2011

National Harbor, the mixed-use development that became an overnight success continues to diversify and expand with the addition of a brand-new apartment project.

The Bozzuto Group and The Peterson Companies teamed up to announce in late 2010, plans to develop an apartment building at the $4 Billion National Harbor along the Potomac River in Prince George's county. Now more details of the… Continue reading

New York Times: Renting Is All the Rage

September 08, 2011

Brokers these days, wrestling with dwindling sales, would have their clients believe that there is no better time than the present to buy a home. Prices are down, they say, and mortgage rates are at all-time lows.

Unfortunately for the brokers, many clients are not persuaded by that logic. Instead, in increasing numbers, they are choosing to rent — unconvinced that the housing market has yet hit bottom.

Mark Overton and Stephanie Engeln, both in their 50s and residents of Hudson… Continue reading

Multi-Housing News: National Harbor Establishes Brisk Sales Pace in D.C. Area

August 18, 2011

Washington, D.C.–The Peterson Cos.’ National Harbor development, one of only half a dozen planned communities in the Washington, D.C. metro area, has captured the attention of a great many home buyers over the past 18 months. In a brutally tough sales market, and in a county disproportionately impacted by the foreclosure crisis, more than 100 homes were sold in National Harbor between early 2010 and first quarter 2011.

“We have a range of price… Continue reading

Citybizlist Baltimore: Bozzuto Opens Leasing Office for The Arbors at Baltimore Crossroads

August 08, 2011

The Bozzuto Group has opened its leasing office within The Arbors at Baltimore Crossroads, a 365-unit rental apartment home community contained within the 1,000-acre Baltimore Crossroads @95 mixed-use development near the White Marsh section of Baltimore County, MD.

Featuring LEED elements, the initial phase of the complex featuring 100 units is expected to be delivered this November, with completion of all 365 units in April 2012.

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Baltimore Business Journal: StonebridgeCarras, Bozzuto Plan $75M Complex in Odenton

July 01, 2011

Two local developers are teaming up on a $75 million redevelopment of the former Nevamar formica plant in Odenton, where they’re hoping to tap into a rising demand for apartments.

StonebridgeCarras and the Bozzuto Development Group plan to break ground this fall on the Flats 170 at Academy Yards, a 369-unit apartment complex at Telegraph and Annapolis roads in Anne Arundel County. The apartments are just the first phase of the 55-acre site’s… Continue reading

Multifamily Executive: Pop Quiz: Q&A with Bozzuto's Julie Smith on Rapid Q1 Growth

June 16, 2011

To say the folks at Greenbelt, Md.-based Bozzuto Management were busy in the first quarter would be an understatement. The company added about 3,200 new units to its management portfolio in the quarter.

About 20 percent of those additions were expected, with the opening of three new properties in the Washington, D.C., area. But Julie Smith, president of Bozzuto Management Co, says the other 80 percent of the additions were through property… Continue reading

Gazette: State Works Toward Building Big — and Green

June 10, 2011

Maryland companies working to make state leader in green building

Constructing more energy-efficient and environmentally friendly buildings is becoming a major money-maker for some Maryland companies.

For example, Morgan-Keller Construction in Frederick says the percentage of its “green” building projects has jumped from 25 percent to more than 75 percent during the last few years.

But overall, Montgomery, Prince George’s, Frederick and Charles counties collectively… Continue reading