Prince George s NEWSLETTER An Independent, Bi-Weekly Newsletter on Real Estate Development
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1 Prince George s NEWSLETTER An Independent, Bi-Weekly Newsletter on Real Estate Development Volume 26, Number 6 March 18, 2013 In Brief..Three county Metro stations are among the 11 in the area for which WMATA plans to issue new joint development proposals. NVR s Hearty Appetite Greenbelt is Only the Latest NVR s acquisition of the South Core at Greenbelt Station, over 1,000 units in all, caps a string of major land deals written in the last two years. Branch Avenue, Capitol Heights, and Morgan Boulevard are the three that the agency may float in the near future. The three were chosen, among other reasons, for their market strength, developer interest, and nearby land uses. WMATA officials say they received an unsolicited offer last year for the 36-acre Morgan Boulevard site. The Branch Avenue property is 25 acres, while Capitol Heights is 4.5 acres. All three are zoned for mixed-use. The Walton Group wants the FBI in Upper. The Scottsdale, Azbased firm has announced that GSA has sought a Request for Information about locating a new facility at the 479-acre tract on Route 4. Walton has the rights to ample office square footage, as well as retail and residential, in the Westphalia Town Center. Because of its proximity to Andrews, the Westphalia commercial space has long been pitched as a potential government or secure space location. Kone Elevator is coming to Konterra Business Park in Beltsville. The amount of space the firm will take is undisclosed, but Buch Construction has applied for a fit-out permit valued at over $450,000. Kone will operate out of 6901 Muirkirk Meadows Drive. The builder that already sells a third of the new houses in Prince George s is believed to have paid approximately $26.5 million for the mix of product at the Greenbelt Metro Station. Accessed off Greenbelt Road near Cherrywood Lane, the assemblage includes 1,022 units in all, including towns, multi-family and condos. Greenbelt Station is the fourth major trade of buildable terra firma here since 2011, and NVR has had a hand in three of the deals. The builder was a partner in paying $18.5 million for the remainder of Fairwood, or almost 600 units, in mid And a year later, an NVR team, working with Toll Brothers, bought the approximately 550 lots yet un-built in Oak Creek, for $9.1 million. Then, earlier this year, D.R. Horton made its own claim for largeness, bidding $28.7 million for the 971 units at Woodmore Towne Centre in Glenarden. All four of those projects had tipped over in some way but are now in new hands and have the sail in the air. The sale at Greenbelt Station means the north county is about to get a small taste of the fierce competition going on to the south. Once it gets a site plan for architecture approved, NVR could be selling later this year. Meanwhile, Ryland, with its townhouse models almost finished, is nearing an opening at The Brick Yard, off Route 1 in Beltsville. It ll have 16- and 20-foot towns from somewhere close to the $300 s, above or below depending on how it reads the market at opening. NVR s units break down into 342 towns (200 of them base-paved), 302 multi-family and 130 two-over-two s. Beyond that are 248 condo units on 11.5 acres that could likely be re-platted to another product. Look for NVR to sell the 302 multi-family units. Jeff Ludwig and Bob Nolting of NAI/Michael brokered the sale. Avanti s Coming Multi-family Plan..Avanti Properties, working with Upshire Realty Advisors, brings its plan for 532 multi-family units on Largo Drive West to the Planning Board this week. Staff says the application, including almost 8,000 feet of retail, can be approved. MARYLAND NEWSLETTERS Publishers of the Montgomery & Prince George s Newsletter & the Howard/Arundel Report PO Box 1358, Olney, Md., (301) On the web:
2 Hospital Decision This Summer The possible sites for a new hospital in the county have been selected. Now comes the negotiating, followed by a final choice, a building, and then surgery. While the four candidate sites Largo, Woodmore Towne Centre, Morgan Boulevard and Landover Mall - are well known, there are different configurations in each area that could work. For instance, both builder D.R. Horton and developer Petrie Ross Ventures control land at Woodmore, just off the Beltway at Route 202 and Landover Road, and are talking to the county. Similarly, in Largo, an affiliate of the D.C.-based Peter N.G. Schwartz Foundation owns land next to the Metro station that is a prime candidate, but some use of the Boulevard at Capital Centre site is also a possibility. County Asst. Deputy CAO David Iannucci says that before a certificate of need (CON) can be submitted, the final site must be identified and within the county s control. The CON goes to the state this fall, so look for a site decision between now and the end of summer. Meanwhile, although the county started out looking for over 100 acres, it finally pared back its acreage to about 40. Iannucci said that ultimately the county wanted a more urban feel to the campus and a more dense design. The approximately 40-acre site that will finally win will be able to accommodate the long-term growth of the hospital, while auxiliary facilities like senior living or a hotel, under separate ownership, could spring up around it. Two Bills Now Council Pushes Metro Growth Dueling pieces of legislation would lay out the county s red carpet for transit-oriented projects. In an effort to remove the bureaucracy as a barrier to growth, Council members Eric Olson and Mel Franklin have both offered changes that would dramatically ease the review process for those projects close to a Metro or MARC station. Both say their bills would shorten review times by many months. But despite the advances each bill offers, neither tackles the biggest problem: the Council itself. Only in Prince George s County does the Council position itself, as the District Council, as the final arbiter of site plans. The issue came up briefly during a hearing last week, but mostly the elephant in the room was left alone. Franklin had already taken a stab at streamlining transit-oriented reviews a few months back, but that bill met with too much civic opposition as giving carte blanche to developers. His new bill (CB ) narrows to only a Site Plan or Specific Design Plan the review that projects within one-half mile of a station would have to undergo. To those plans, Franklin would affix shortened review time limits including even the District Council so that a start-to-finish project review would amount to 109 days, or less than four months. Franklin said he wanted tight time limits because We keep getting in our own way. We talk it to death. But the south county Councilmember also bluntly suggested, The market does not want to go to our transit stations, so we have to create incentives. Olson s approach is similar but with one twist: he would reduce the School Surcharge by 50 percent for projects close to a Metro station, and eliminate it entirely for studio apartments. Like Franklin s, his legislation would eliminate the conceptual site plan requirement and allow developers of mixed-use land near a station to go directly to Detailed Site Plan. At the worksession, most people seemed to support the goal, if only to bury the relentless mantra that the county has 15 Metro stations but little Metro development. Still, one summed up a common concern: incentivizing development is fine he said, but make sure it s good development. We have a surfeit of schlock development as it is, he said. Bowie Considers Acquisition of Race Track The City of Bowie appears to want to control the fate of a large parcel near its borders. Or maybe it harbors a secret desire to raise the next Secretariat. According to a report on the City s website, officials are considering the purchase of the Race Track property on Race Track Road. The Jockey Club is willing to sell but wants to receive fair market value, and needs to keep the track as a training facility until January, 2014, when it could consolidate its operations into Laurel and Pimlico. No price tag accompanies the report. 2
3 Class A Industrial Growing Tighter Uni-Select USA s lease at Lincoln 495 didn t just fill the final available space in that 153,000 square foot warehouse. It ratcheted back by one more click the amount of Class A warehouse space in the county. A tenant pulling on its corporate suit coat and heading out for a leasing tour would have just a handful of potential A options. Those include two new buildings at Steeplechase 95, although the larger of the two is believed to be under letter of intent, and 50,000 feet of space in The Brickyard in Beltsville. And MGP Real Estate has about 150,000 feet on Commerce Court in Upper, including a block of just over 96,000 feet. Brokers say the upshot is that existing product is limited, especially for larger users. That s strong comfort for Oakmont Industrial Group and Chesapeake Real Estate, who are pushing forward on the Landover Logistics Center at 1811 Cabin Branch Road. The 360,000 cross-dock is slated for delivery in September. Even though it still has to lease its two spec buildings at Steeplechase, Atapco Properties is readying plans for another round of spec buildings. The Baltimore developer is looking to entitle up to about 300,000 square feet in product. Bozzuto Relocation The Bozzuto Group is believed to have signed a Letter of Intent to relocate to Capital Office Park. Sources say the apartment development company is planning to move into 75,000 to 80,000 feet in the Mack-Cali park along the Beltway. Though long a Greenbelt resident, Bozzuto was said to be seriously looking at other jurisdictions before focusing on a neighboring building. At Melford in Bowie St. John Gets Residential Nod Paul McCartney must have been thinking about St. John Properties at Melford when he penned The Long and Winding Road. But that road has finally led to the place that the Baltimore developer has sought for six years: the right to try to add residential to the Bowie office park. At its most recent meeting, the Bowie City Council agreed to amend the annexation agreement and allow residential as a permitted use. The Council still wrote into the amendment as much control as it could retain but the city fathers have nevertheless relaxed their grip on a longstanding vision of almost solely high-tech tenants in the northwest quadrant of Routes 50 and 301. The City kept for itself a virtual veto power over St. John s conceptual plan, agreed to by the developer. Whatever St. John comes up with is still subject to Council approval before it can be submitted to the county for official review. For instance, two Council members said they wanted to see more than 20 percent senior housing or they would vote against the conceptual plan. Another questioned the potential unit count. But St. John can now go about designing the project it has been refining in recent months and pursuing for years: a vision that has evolved into some 2500 units in a mix of apartments and towns, a senior-housing component, local office and some community retail. St. John s efforts to add residential go back to 2007, but its advances got tangled up in a larger battle over the covenants governing tenants in the park, a battle that was finally decided by a judge. Only a coordinated effort by the developer to first rebuild the trust lost over the court case, and second, prove its case that turning Melford into a mixed-use community was the way to ensure its success, convinced the Council to change. Branch Avenue Apartments Coming Wood Partners next phase of apartments at the Branch Avenue Metro passed a planning hurdle last week. The Vienna, Va.-based multi-family builder built and sold a first phase, called Chelsea West, off Auth Drive in Camp Springs a few years back. Now it would complete the semi-circle of apartments with a 208-unit second phase. Because the office and retail of the first phase has largely gone un-leased, the Planning Board agreed that phase 2 won t incorporate any commercial, but can effectively rely on that built in the first phase to fulfill the mixed-use requirement. Wood had built the initial 252 units and sold them to Carmel Partners. At the same time that Wood is pursuing another grouping of three buildings, Carmel has a site plan amendment pending to convert most of its empty retail and office to 39 residential units. 3
4 Prices Stable One Year to the Next A year s worth of new home comps yields the conclusion that builders already knew in their gut: prices didn t move north over the year just ended. But hey, given the previous few years, price stability itself is a victory. The early indications are that higher sales will be written in 2013, but looking back, 2012 looked an awful lot like D.R. Horton s performance at Balk Hill perhaps best summed up the stasis between the two years: its 2012 average of $379,278 per closing was just a few hundred dollars removed from its 2011 average. Price increases now underway for materials and complying with the new building code should yield price gains later in And, more to the bottom line, builders are trying to surgically recapture dollars from incentive packages and options. That rec room build-out now costs a thousand dollars more. But outright price increases that don t reflect costs are, for the most part, still difficult. Where builders saw improvement in 2012 was in total sales. The 1,002 closings written in 2011 climbed 17 percent to 1,174 in By product, the biggest change was in condos. Where builders had settled 53 in 2011, at $288,021 on average, they closed 129 condos in And the average price went up to $321,315. Single-family closings went like this: where builders had closed 658 in 2011, they settled 735 in But the average price eroded, from $466,539 in 2011 to $461,819 a year later. Townhouse closings followed the singlefamily lead: builders closed 310 towns in 2012, an improvement on the 291 closed in But the average price backtracked, from $372,547 on average in 2011 to $370,068 in New Home Single-family Closings, by Subdivision, 2012 Subdivision Location Builders Settlements Avg. Price Fairwood Bowie NVR, SK 52 $474,265 Palisades Upper KHov, 44 $549,178 BeechTree Upper Caruso NVR, Mid- Atlantic, Haverford 41 $474,943 Chaddsford Brandywine KHov 40 $348,990 Balk Hill Mitchellville D.R. Horton 38 $379,278 Shipley Farm Upper KHov 35 $434,655 Villages of Brandywine Mid-Atlantic, 31 $503,337 Savannah Dan Ryan The Preserve Brandywine NVR 26 $366,006 Dixon Estates Bowie KHov 25 $453,009 Lakeview Brandywine KHov, 23 $433,592 Centex Simmons Ridge Clinton NVR 23 $397,191 Balmoral Upper M-I 19 $459,277 Belmont Crest Upper KHov. D.R. 17 $443,840 Horton Cedar Chase Clinton NVR 16 $462,253 Woodmore at Upper KHov 16 $746,085 Oak Creek Ridge Upper Toll Brothers 15 $670,079 Timber Ridge Clinton Timberlake, Caruso, Mid- Atlantic, Lennar 15 $397,726 Bealle Hill Accokeek NVR 12 $454,904 Rose Creek Brandywine Timberlake, 11 $407,231 Caruso Equestrian Upper Haverford 11 $421,453 Estates Timber Village Brandywine Timberlake, 10 $458,504 Dan Ryan Villages of Upper Marrick 10 $419,511 Melwood Summerwood Accokeek Lennar 9 $367,769 Poplar Hill Fort Timberlake 8 $452,945 Washington Manning Accokeek NVR, Horton 8 $386,887 Overlook Woodmore North Bowie Mid-Atlantic 8 $644,127 4
5 BeechTree the TH Leader, Overall BeechTree collected the most townhouse settlements by a long shot in 2012, with 61 spread between the joint efforts of Lennar and NVR. In fact, the Upper golf course community was pretty much the most active subdivision overall for closed deals, including singles, with 102 total settlements. (Fairwood was next with 95 settlements overall). Lennar had the value position for towns at BeechTree. Across its 28 closings, it collected $319,969 on average. NVR had 33 closings and wrote them at $365,143 on average. NVR, Mid-Atlantic, Haverford and Richmond American shared singles duties at BeechTree, and between them, closed 40 sales at an average of $474,943. But NVR outpaced the others, closing 26 at an average of $451,726. New Home Townhouse Closings By Subd., 2012 Subdivision Location Builder Settlements Avg. Price BeechTree Upper Lennar, 61 $346,490 NVR Potomac National Integrity 44 $635,532 Overlook Harbor Victory Landover Centex 33 $300,718 Promenade Fairwood Bowie NVR 32 $358,548 Upper Toll 25 $418,576 Ridge Brothers Arts District Hyattsville Pulte 20 $352,053 Villages at Capitol KHov 19 $280,062 Pepper Mill Heights Hall Station Bowie NVR 17 $328,888 Addison Capitol NVR 17 $287,400 Road South Heights The Accokeek NVR 14 $288,093 Preserve Westphalia Row Upper Richmond Am., Haverford 10 $276,240 New Condo Settlements, by Subd Subdivision Location Builder Settlements Avg. Price Hall Station Bowie NVR 60 $274,745 National National Peterson 39 $425,454 Harbor Harbor Virginia Landing Oxon Hill NVR 16 $217,074 Building Permits Issued February 23 March 8, 2012 Route 210 Corridor Tantallon Preserves LLC, 1 Park Place, #400, Annapolis, Md. (410) , to build a singlefamily unit at 504 Digges Lane, Fort Washington; NVR Inc., to build a singlefamily unit at 2505 Washington Overlook Drive, Fort Washington, in Washington Overlook; D.R. Horton Inc. (301) , to build two units in Fort Washington, at: 8805 Nancy Lane; 8903 Odlanyer Court; NVR Inc., (301) , to build two units in The Preserve, Accokeek, at: Devinger Place; 2613 St. Mary s View Road; NVR Inc., to build a single-family unit at Bealle Hill Forest Lane, Accokeek, in Bealle Hill Forest; D.R. Horton Inc, (301) , to build eight single-family units in The Preserve, Accokeek, at: Vintage Lane; Vintage Lane; Vintage Lane; Vintage Lane; Vintage Lane; Vintage Lane; Vintage Lane; 2704 Admiral Ridge Road; Clinton / Brandywine Richmond American Homes, 6200 Old Dobbin Lane, #190, Columbia, Md. (410) , to build a single-family unit at 8702 Helmsley Drive, Clinton; (Continued on Page 6) 5
6 Building Permits Issued (From p. 5) K. Hovnanian Homes, 1802 Brightseat Road, Landover, Md. (301) , to build a singlefamily unit at Casimir Road, Brandywine, in Chaddsford; NVR Inc., to build a single-family unit at 8410 Sweeney Drive, Clinton, in Simmons Ridge; K. Hovnanian, (301) , to build a singlefamily unit at Owings Avenue, Brandywine, in Lakeview; Other Locations NVR Inc., (301) , to build 19 units in Oak Creek, Upper, at: Abbeville Place; 724 Bleak Hill Place; 400 Bamberg Way; 715 Ardonia Terrace; Abbeville Place; 712 Ardonia Terrace; Abbeville Place; 726 Bleak Hill Place; Abbeville Place; 721 Ardonia Terrace; 404 Bottsford Avenue; 702 Ardonia Terrace; 804 Bleak Hill Place; Abbeville Place; Mary Bowie Parkway; 708 Ardonia Terrace; Dormansville Blvd; 808 Bleak Hill Place; 701 Ardonia Terrace; K. Hovnanian, (301) , to build a singlefamily unit at Contee Manor Road, Bowie, in Waterford; NVR Inc., to build two single-family units in Fairwood, Bowie, at: 4510 Dr. Beans Legacy; 4916 Dorsey Chapel Lane; Townhouse Permits Issued Haverford Homes, to build five townhouse units in Westphalia Row, on Fernwood Drive and Walcott Lane, Upper ; Commercial Permits Issued February 23 March 8, 2012 KBE Building Corporation, 7150 Columbia Gateway Drive, #A, Columbia, Md. (410) , to build a $2 million retail building at Baltimore Avenue, Beltsville, for Carl M. Freeman Cos; Balfour Beatty Inc., 100 S. Charles Street, 10th Floor, Baltimore, Md. (410) , to build a $8.6 million building at the Turkish American Center, at 9720 Good Luck Road, Lanham; The Rappaport Companies, McLean, Va., (571) , to build a $1.05 million retail building at Hall Station, Hall Road, Mitchellville; Berry Construction, 252 Broad St., #103, Chattanooga, Tn, (423) , to build a $327,800 one-story building at Baltimore Avenue, Beltsville; C-70 Builders, N. Henna Avenue, Hugo, MN, (651) , to build two $4 million retail buildings for The Peterson Companies, at 6800 Oxon Hill Road, Oxon Hill; Ponte Mellor Architects, or The Bowers Group, to build a $350,000 fit-out at Kiln Court, Beltsville; Nardi Construction, Baltimore Avenue, #118, Bethesda, Md. (301) , to build a $2 million interior fit-out for the county at 9400 Peppercorn Place, Largo; Total Construction, Baltimore National Pike, Ellicott City, Md. (410) , to build a $500,000 interior fit-out at 7723 Barlowe Road, Landover, for Palmer Park Boys and Girls Club; Hamel Builders, 5710 Furnace Avenue, #10, Elkridge, Md. (410) , to build a $404,000 alteration at the Park Seton Apartments, at th Avenue, Bladensburg; The Korth Companies, 9101 Gaither Road, Gaithersburg, Md. (301) , to build a $690,000 fit-out ffor FMC-DS, at 558 Annapolis Road, Lanham; LaserShot, 4314 Blue Bonnet Drive, Stafford, Texas, to build an indoor firing range, at 8420 Westphalia Road, Largo; Fort Washington Gas Kwik, 8005 Indian Head Highway, Fort Washington, Md., (301) , to build a $300,000 building at the same address; 6
7 Commercial Building Permit Applications February 23 March 8, 2013 Morgan Station Leasing Center, 8501 Chatsfield Way, Landover, Md., to build a $250,000 fit-out at the same address; Allegheny Conference of Seventh Day Adventists, th Street, Bowie, Md. (301 ) , to build a $3.5 million church and parking lot at the same address; Cmi General Contractor, Business Center Drive, Charlotte Hall, Md., to build a $350,000 building for Speedy Clean Car Wash, at Crain Highway, Brandywine; Board of Education, School Lane, Upper, Md. (301) , to build $2.8 million in improvements at 2700 Corning Avenue, Fort Washington and 7100 Woodyard Road, Upper ; Coastal Electric Corp, 8713 Virginia Meadows Drive, Manassas, Va. (703) , to build $475,000 in light poles at 8001 Walker Mill Road, Capitol Heights; Jim Cooper Construction, th Avenue, Birmingham Al, (205) , to build a $130,000 retaining wall at Queens Court, Upper ; Nardi Construction, Baltimore Avenue, Beltsville, Md. (301) , to build a $2 million fitout for the county at 9400 Peppercorn Place, Largo; Board of Education, (301) , to build a $2.75 million interior fit-out at 1300 Laurel Bowie Road, Laurel; Konterra Realty, Sweitzer Lane, Laurel, Md. (301) , to build a $200,00 fit-out for Compass, at Kiln Court, Beltsville; Waverly Construction Mgmt, 1515 Silver Spring Road, Baltimore, Md. to build a $550,000 interior alteration at 6151 Chevy Chase Drive, for Exeter Property Group; BSV Crestview Square, 7250 Woodmont Avenue, #350, Bethesda, Md. (301) , to build a $180,000 fit-out for 7-11 at 6607 Annapolis Road, Lanham; Hill, Filey, Rossi, (770) , to build a $375,000 alteration for Chick-fil-A, at Ballpark Road, Bowie; Buch Construction, Johns Hopkins Road, Laurel, Md. (301) , to build a $418,317 fit-out for Kone Elevator, at 6901 Muirkirk Meadows Drive, Beltsville; Preliminary Plans Submitted Brooks Drive Property. Subdivide three parcels into five for future multi-family development of 300 units. Located in the northwest quadrant of Pennsylvania Avenue and Brooks Drive, Forestville. Appl: NAI The Michael Companies, Business Parkway, Lanham, Md (301) Cafritz Property. Zoned M-U-I acres. Propose 981 residential units and 248,000 square feet of commercial/retail. Located on the east side of Route 1, 1400 feet from East West Highway, Riverdale. Appl: Calvert Tract LLC, 1828 L Street NW, #703, Washington, DC, Sycamore Hill Assisted Living acres. Propose 65,600 square foot senior center facility and daycare. Located on the east side of Lottsford Vista Road, between Linda Vista Drive and Vista Grande Drive, Lanham. Appl: Presidential Care LLC, 1818 Newton Street, Washington DC. Preliminary Plans Approved March 7 and 14, Litton Technology Center. Zoned MXT, I-3, TDOZ acres. Propose 9 lots, including seven office/r&d buildings and two parking garages. Located on the north side of River Road, off Paint Branch Parkway, College Park. Appl: University of Maryland, c/o Irene Redmiles, Room 1132, College Park, Md. (301) Site Plans Submitted DSP Belcrest Center. Fit-out of office space for 75-student private school. Located southwest corner of East West Highway and Belcrest Road, Hyattsville. Appl: VIII PGS Owner LLG, 8391 Old Courthouse Road, #320, Vienna, Va. (703) DSP Xander Property. Add new architectural model. Located south of Livingston Road, near Farmington Road West, Accokeek. Appl: KB Homes, 2701 Prosperity Avenue, #100, Fairfax, Va. Site Plans Approved March 7 and 14, 2013 DSP Alta at Camp Springs. Zoned M-X-T acres. Propose 208 multi-family units. Located in the northwest quadrant of the intersection of Auth Way and Telfair Boulevard, Camp Springs. Appl: Wood Partners, 8150 Leesburg Pike, Vienna, Va (703)
8 New Zoning Applications SE-4729 Clinton Used Auto Part. Request Special Exception for junk yard and vehicle salvage yard in the I-1 zone. Total.69 acre. Located on the south side of Delano Road, 720 feet north of Old Alexandria Ferry Road, Clinton. Appl: Clinton Used Auto Parts LLC, 7801 Delano Road, Clinton, Md , c/o Traci Scudder, Attorney, (301) Real Estate Transactions of Note Carolyn Hayman et al to JDM Chillum Road LLC, c/o Martin E. Janis, Jr., Twining Lane, Potomac, Md Parcel A-14 in Maryland City Centre. Lot is 45,942 square feet. Located at 2460 Chillum Road, Hyattsville, Md acres. Improved with 11,702 square foot building. Zoned C-S-C. Tax map 49E-1. Tax ID: Liber 34403, page 372. Deed date: January 31, Purchase price: $1,500,000. Deed of Trust: $1.28 million, WashingtonFirst Bank. Byung Sup Shin to MSR Venture LLC. Part of Lot 26 (Block 5) in Cottage City. Located at 3840 Bladensburg Road, Brentwood, Md Lot is 3,920 square feet. Improved with 7,018 square foot building. Zoned M-X-T. Tax map 50B-4. Tax ID: Liber 34428, page 288. Deed date: December 21, Purchase price: $465,000. Deed of Trust: $307,500, Union First Market Bank. F.S.A.P. Enterprises LLC, c/o Fariba Tavakoli, to Enigma Ventures LLC, 1025 Hoods Mill Road, Clarksville, Md Lot 2 in Bray Green Center. Located on Bray Green Road, Laurel, Md acres. Unimproved. Zoned Industrial. Tax map 10A-2. Tax ID: Liber 34438, page 118. Deed date: February 14, Purchase price: $700,000. Deed of Trust: $200,000, Farmers & Merchants Bank.. Sabino Solazzo et al to Phu & Thuy Investment LLC, 6005 Cipriano Road, Lanham, Md Lot 33 (Block 71) in Riverdale Park. Located at 4607 Madison Street, Riverdale, Md Lot is 4,704 square feet. Improved with 3,000 square foot building. Zoned I-1. Tax map 42D-4. Tax ID: Liber 34442, page 306. Deed date: Feb. 15, Purchase price: $300,000. RESIDENTIAL Potomac Riverbend L.C., c/o The Peterson Companies, to Potomac Overlook III, LLC, c/o Integrity Homes, 4140 Pleasant Valley Road, #200, Chantilly, Va Land Unit 35-D in National Harbor 35 Site Condominium. Lots Liber 34405, page 202. Deed date: February 13, Purchase price: $1,400,000. Deed of Trust: $2.23 million, The Business Bank. V.O.B. Limited Partnership to NVR Inc. Lots (Block J) in BeechTree. Located at Dornoch Way, Upper, Md. Townhouse lots. Zoned R-S. Tax map 85A-1. Tax ID: et al. Liber 34408, page 533. Deed date: February 6, Purchase price: $210,000. V.O.B. Limited Partnership to Lennar, Wincopin Circle, #300, Columbia, Md Lots 7 12 (Block J) in BeechTree, North Village. Located at North Berwick Lane, Upper, Md. Townhouse lots. Zoned R-S. Tax map 85A-1. Tax ID: Liber 34419, page 209. Deed date: January 31, Purchase price: $252,000. Laurel Crescent LC, c/o Elm Street Development, to NVR Inc. Lot 111 in The Crescent at Cherry Lane. Located at 7203 Breckenridge Street, Laurel, Md. Lot is 5,314 square feet. Tax ID: Liber 34408, page 526. Deed date: January 7, Purchase price: $90,000. NVR MS Cavalier Preserve LLC, c/o Woodlawn Development, to NVR Inc. Lot 6 (Block D) in The Preserve at Piscataway, Lusby Village West. Located at Devinger Place, Accokeek, Md. Lot is 9,539 square feet. Zoned R-L. Tax map 143A-3. Tax ID: Liber 34408, page 518. Deed date: February 6, Purchase price: $91,000. Churchill Development Company, 5 Choke Cherry Road, #360, Rockville, Md , to NVR Inc. Lot 5 (Block A) in Washington Overlook. Located at 2503 Washington Overlook Drive, Fort Washington, Md. Lot is 30,056 square feet. Unimproved. Tax map 114E-4. Tax ID: Liber 34408, page 514. Deed date: February 6, Purchase price: $108,400. Powers Investments II, LLC, c/o Rocky Gorge Communities, 1420 Beverly Road, #200, McLean, Va , to NVR Inc. Lot 9 (Block E) in Simmons Ridge. Located at 6813 Simmons Lane, Clinton, Md. Lot is 14,418 square feet. Unimproved. Zoned R-R. Tax map 125D-3. Tax ID: Liber 34446, page 433. Deed date: February 12, Purchase price: $107,500. The Maryland Newsletters Publishers of the Montgomery & Prince George s Newsletters and the Howard/Arundel Report PO Box 1358, Olney, Md (301) Web site: $215/annually (24 issues). The information published in this newsletter is deemed reliable, but is not guaranteed. support@marylandnewsletters.com
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