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March 21, 2018  

New Luxury Rentals Pitched Near DC

A developer is shopping a new luxury apartment building in suburban Washington.The 402-unit Rivergate, in Woodbridge, Va., is expected to attract bids of about $115 million, or $286,000/unit. IDI Group, an Arlington, Va., developer that completed it last year, has given the listing to Walker & Dunlop.The six-story property, at 13175 Marina Way, is still in its initial leasing phase. The occupancy rate, currently 25%, is expected to be around 50%...

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