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Federal Capital Partners makes $21.8M multi-family purchase

Chevy Chase-based Federal Capital Partners announced it has purchased Regency Square, a 366-unit apartment complex in Forestville for $21.8 million. The acquisition of the three-story garden apartment community is the company’s ninth apartment purchase in 2014. The company plans $8 ...

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DiamondRock buying Fort Lauderdale hotel

DiamondRock Hospitality Co., of Bethesda, a real estate investment trust that owns 27 hotels, announced a deal to buy the Westin Beach Resort & Spa, Fort Lauderdale for $149 million. The Florida beachfront hotel contains 432 guest rooms, 32,000 square ...

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Cordish wins final OK for Philadelphia casino

Baltimore’s Cordish Cos. and Greenwood Gaming and Entertainment Inc. have been approved by Pennsylvania for their final gaming license for the proposed Live Hotel and Casino in Philadelphia, the companies announced on Tuesday. Cordish, developer and owner of Maryland Live ...

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DiamondRock sells LAX Marriott

DiamondRock Hospitality Co., of Bethesda, a real estate investment trust that owns 27 hotels, announced that it is selling the 1,004-room Los Angeles Airport Marriott for about $160 million. DiamondRock didn’t name the buyer, other than to say it was ...

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Episcopal Housing wins Bank of America award

The Bank of America Charitable Foundation has named Episcopal Housing Corp. as a 2014 Neighborhood Builder for its work in the Baltimore area, awarding Episcopal Housing $200,000 in flexible funding and offering leadership training for executives. Episcopal Housing provides real ...

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