WASHINGTON, DC – KLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, is pleased to announce the successful completion of a multifamily purchase involving two apartment properties in Gaithersburg, Md: Towne Crest and Chelsea Park, which boast a combined total of 194 units. Three brokers from the KLNB Capital Markets team, Principal Rawles Wilcox, Senior Vice President Jared Emery, and Vice President Dutch Seitz, represented the buyer, Acento Real Estate.
Plant-based restaurant Planta, which is rapidly expanding across Canada and the U.S., is growing further in Washington, D.C. with a new location in Logan Circle.
Michael Royce, a three-decade vet of the real estate industry, has joined Savills as a corporate managing director in the industrial services department based in Tysons, Va., Commercial Observer has learned.
An unnamed investor snapped up a Harford County shopping center for $10.35 million, about $3.5 million more than when the property last traded hands in 2005.