Posts Tagged ‘urban investment partners’

Column Outtakes: Who Should Rent Control Protect?

A rusty pipe from one of UIP's buildings at 2401 Ontario Road.

There's an interesting debate embedded in my column this week about the quick rise of landlord/property manager/construction company Urban Investment Partners: If the city isn't willing to reinvest in rent controlled housing, which is by definition old and in need of substantial upgrades, [...]

Another Tenant Purchase Fight Begins in Southwest

Remember how Urban Investment Partners won a Plexy last year for the fastest building buying spree in the city? Well, it continues apace—the full-service development and property management firm has put the 488-unit, rent-controlled Capitol Park Towers at 3rd and G Street SW under contract. Now, the tenants have launched a bid to buy the [...]

Marbury Plaza Saga Ends With Release of Rents–Maybe

A year ago, we checked in with Marbury Plaza, the gigantic set of residential towers on Good Hope Road SE that were supposed to improve dramatically after a years-long rent strike over poor housing conditions, which led to a new management company under a settlement brokered by the District's attorney general. Things were getting better, [...]

The Plexies: 2011 in Review for D.C. Real Estate

When land-use historians write the saga of real estate in the District, 2011 will likely go down as the year D.C. managed, yet again, to dodge the collapse that’s been hitting just about every other city in the country since the economic crisis of 2008. Prices for homes were up over 2010, construction continued apace, [...]

What Happens When UIP Buys Your Building

D.C.-based developer and property manager Urban Investment Partners is on a buying spree lately. Capitalizing on a rash of large multifamily foreclosures, they've added buildings in Adams Morgan, Petworth, and Columbia Heights to a quickly ballooning portfolio. A couple of them came from the crumbling empire of C.C. Dudley, who was squeezing his tenants last [...]

Fenty and Gray Carve Up the Real Estate World

On Monday, Jonathan O'Connell drilled down into the economic development platforms of Mayor Adrian Fenty and would-be mayor Vince Gray. In a nutshell, he concludes that while Fenty has gone for big developments–many of which haven't yet been built–Gray would focus on fewer projects, and emphasize the steady-job-generating tourism industry. We also get a bit [...]