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New And Events From The Washington D.C. Business Group - April 2021 - Real Estate and Construction


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Kelley Drye s Washington, DC Business Group is
pleased to share the following transactions that we have closed
over the past year:
Acquisition of Frederick, Maryland Office Park; and Subsequent
Sale of One Building.
Affiliates of Finmarc Management acquired an approximately
440,000 square foot office park (including 5 parcels in fee and a
ground lease), comprised of 11 buildings, for more than $40 million
as part of the back-end of a 1031 like-kind exchange. Shortly
after acquiring the office park, the Kelley Drye clients began a
lease up program and implemented a land condominium in order to ....

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The Path Forward: Economic Mobility with Raphael W. Bostic, President & CEO of the Federal Reserve Bank of Atlanta

Raphael W. Bostic is president and chief executive officer of the Federal Reserve Bank of Atlanta. He is also a voting member on the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System. Bostic has long focused on economic mobility, and would like to see the issues of economic inclusion and equality be more widely addressed. Washington Post economics correspondent Heather Long will discuss with Bostic the role the Federal Reserve can play in helping to reduce racial inequities, and what it will take for the U.S. economy to recover from the COVID-19 recession. Join Washington Post Live on Monday, Feb. 8 at 3:30pm ET. ....

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Mayor London Breed Celebrates Grand Opening Of First New Affordable Housing In The Mission In Over A Decade


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San Francisco, CA Mayor London N. Breed today celebrated the grand opening of a 100% affordable housing project in the Mission at Casa Adelante 1296 Shotwell Street, which is comprised of 94 affordable homes for seniors and formerly homeless seniors. The project is also the first in the City to use the Planning Department s Affordable Housing Bonus program, which resulted in three additional floors and over 33 more units.
These 96 new affordable homes represent a new chapter for the residents who have moved in, said Mayor Breed. Housing is more than a place to live it s stability, community, and as we have seen so clearly during this pandemic, it s also essential to public health. Projects like this one and the others that will break ground over the coming years are critical to addressing so many of the challenges we face as a city. As we emerge from this pandemic and work to get our economy and our City budget back on track, we need to make sure that we con ....

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