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MOVEMENT FOR DOWNTOWN MULTIFAM

WASHINGTON DC 09.14.2017

7TH ANNUAL FUTURE OF PRINCE GEORGE'S COUNTY

Exclusive Bisnow Cocktail Hour to Follow Panels!

Jane Cafritz -- Calvin Cafritz Enterprises
Steve Schwat -- Urban Investment Partners (UIP)
Nina Albert -- Washington Metropolitan Area Transit Authority (WMATA)
MOVEMENT FOR DOWNTOWN MULTIFAM
Buttonwood Development prez Andrew Heiberger, Citi Habitats’ Joann Ebanks and Itzy Garay, First Residential Brokerage prez Joe Lops, and Citi Habitats prez Gary Malin at REBNY’s member luncheon
Tuesday, we bumped into Buttonwood Development prez Andrew Heiberger, Citi Habitats’ Joann Ebanks and Itzy Garay, First Residential Brokerage prez Joe Lops, and Citi Habitats prez Gary Malin at REBNY’s member luncheon. Joann, the top producer in the firm’s Downtown office, and Itzy, the office’s managing director, gave us a snapshot on the submarket’s multifamily sector. Rentals are extremely busy, they tell us, and they’ve already done more business than than this time last year. Buyers are looking in the under $5M range, and open houses are crowded; the feeling is units are finally priced right, so product is moving quickly. However, they note, Downtown still suffers a lack of inventory in high-end rentals.
Related Topics: Citibank, Andrew Heiberger