News
Washington, D.C. Commercial Real Estate

Bisnow Scoop: UIP Sells Another

It's been a busy few weeks for Urban Investment Partners. We told you yesterday about a property the firm just sold in Kalorama, but we've also learned it recently sold the Macklin apartments at the corner of Connecticut Avenue and Newark Street in Cleveland Park (pictured) to an undisclosed buyer. CBRE's Bobby Meehling repped UIP in both deals and tells us the firm also sold a retail complex next door to the apartments to the same buyer. (Always best to keep families together.) The total sale price was just north of $12M, Bobby says, and the purchase was part of a 1031 exchange for the buyer; he was joined by colleagues Mike Muldowney and Jonathan Greenberg in the deals.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Forget Buildings, Retailers Are Leasing Environments

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value