Stonebridge, Rockefeller Close Deal For Metro's HQ, Plan To Add 3 Floors Of Office

Montgomery County's I-270 life sciences corridor has experienced a surge in leasing activity this year amid the efforts to develop a COVID-19 vaccine, and one developer is building aggressively to capture that demand.  The Matan Cos. plans to deliver six projects totaling more…

Read Full Story

In Case You Missed It...

As the coronavirus storm clouds began to gather in March, CRG Managing Partner J.J. Smith was hired to help run the firm’s residential sector. In the first few weeks, he concentrated on developing a plan that leaned heavily on urban infill projects in high-density markets, the profitable strategy pursued by so many builders in the last decade. But after watching downtowns turn into ghost towns, Smith decided on another approach.

“I called it the pandemic pivot,” he said.

Dense urban cores now cause unease among many affluent renters, Smith noted, and even if vaccines tamp down the coronavirus pandemic, developers need a new product type that investors find appealing. When he ran the numbers, the answer seemed logical.

Read the full story here.

Owning a detached, single-family house doesn't quite have the appeal it once did. Still, millions of Americans want to live in detached residences, even if they don't want to own them, and developers are stepping up to offer build-to-rent communities.

No single factor is driving demand for single-family rental housing, experts say. Partly, the large millennial demographic is looking for larger places to live but not always to buy, either because they can't afford it or don't want to be tied down. The coronavirus pandemic has also spurred new interest in single-family houses and the distance they provide.

Read the full story here.