December 23, 2015
Bozzuto, EYA and Carlyle Realty Partners have completed the financing for the first multifamily building at a planned mixed-use development at the Shady Grove Metro stop in Rockville.
All three firms provided equity in the deal while Citizen Bank provided the debt. The West Side at Shady Grove Metro is a four-phase development that will include 1,114 apartments, 407 townhomes, 37,000 square feet of retail and 130,000… Continue reading
December 18, 2015
My husband and I just changed apartments in New York City – and it was all about the customer experience. Our old and new apartments are only a few blocks apart, and are roughly equivalent in size, cost and amenities. We finally just got tired of dealing with a management company that seemed to consider us only as a source of income and operated to serve their own convenience rather than ours.
Example #1: When we were moving out of our old… Continue reading
December 09, 2015
The largest boom in new apartment construction in three decades is doing little to slow rent increases or ease affordability concerns for renters across the country, a new report finds.
A record number of renters are spending more than 30% of their incomes on rent—a ratio that economists consider financially burdensome, according to a report released Wednesday by Harvard University’s Joint Center for Housing… Continue reading
October 16, 2015
Toby Bozzuto, president & chief executive officer of The Bozzuto Group, announced the promotions of Julie Smith to chief administrative officer (CAO) of The Bozzuto Group and Stephanie Williams to president of Bozzuto Management Company effective January 1, 2016.
Smith has been with the firm since 1989, and has served as the president of Bozzuto Management Company since 1994. She has been largely responsible… Continue reading
October 15, 2015
Bozzuto Management President Julie Smith has been promoted the newly created position of chief administrative officer for the parent Bozzuto Group, becoming one of the top-raking women in the D.C. region's commercial real estate industry.
Smith, who is also one of the Washington Business Journal's 2015 Women Who Mean Business honorees, will assume her role in the newly created post… Continue reading
October 08, 2015
After demolishing university dormitories on its 8.9-acre South Campus in Washington, D.C., in 2011, The Catholic University of America (CUA) built a new college town on the urban infill site in partnership with two private developers. Named Monroe Street Market for Monroe Street, N.E., which cuts through the site, the five–city-block parcel now offers 562 apartments, a variety of retail and… Continue reading
September 23, 2015
As published in GlobeSt.com.
Even though it is only six miles from the US Capitol Building, the neighborhood surrounding Catholic University was a “sleepy corner of Washington, DC,” says Bozzuto Development vice president Michael Henehan. And it was a neighborhood the developer had been eyeing for some time. What they created when the opportunity finally arose resulted in this, the next finalist in our series on the NAHB Pillars of the Industry Awards.
This Week’s Project: Monroe… Continue reading
September 11, 2015
As published in the Washington Business Journal.
Julie Smith’s career in multifamily management started with one, the Bayberry Apartments in Gaithersburg. All of 29 at the time, Smith was hired by Tom Bozzuto in 1989 — when the Greenbelt-based Bozzuto Group was only a year old — to launch his management operation.
“It was like a startup,” Smith, president of Bozzuto Management, says. “In startups, everybody does everything. I was hired as the person who… Continue reading
September 09, 2015
On Tuesday when Toby Bozzuto became chief executive of the Bozzuto Group, a home building empire his father co-founded 27 years ago, he laid out a number of plans.
He wants to grow the company, which already manages 51,000 units and has annual revenue of more than $1 billion. He wants to continue expansion into other markets. And he wants Bozzuto to be a great place for nearly 2,000 employees to work.
Before… Continue reading
September 09, 2015
The Bozzuto Group announced that Toby Bozzuto has been named chief executive officer. In this role, he becomes responsible for providing strategic as well as day-to-day leadership of the company, in addition to helping guide future growth of all four of the company’s operating businesses. Current CEO Tom Bozzuto will remain in the role of chairman of The Bozzuto Group, continuing to be an active member of the Investment… Continue reading