M id A tlantic Real Estate Journal — Best of 2025 — March 2026 —21B
www.marej.com
The TOP FINANCIAL DEALS of 2025 JLL Capital Markets 50 & 70 Columbus Jersey City, NJ Northmarq Solaire Portfolio Bethesda & Silver Spring, MD
Solaire 1150 Ripley
7607 Old Georgetown
Size: 938-Unit Mixed-Use Property Institution: A joint-venture between Ironstate Development Company and Panepinto Properties Financier: Truist Financial Corporation JLL Capital Markets arranged refinancing for 50 & 70 Columbus, located in Jersey City, NJ. Constructed in 2007 and 2015 respectively, 50 & 70 Columbus are high-rise residential towers spanning 36 and 48 stories. The communities feature studios, one-, two- and three- bedroom units with luxury finishes including in-unit washers and dryers, walk-in closets, hardwood floors, stone countertops and stainless-steel kitchen appliances. Large windows provide abundant natural lighting and scenic views of the Hudson River and New York City skyline.
Northmarq’s Jason Smith & Kenneth Gentzel structured financing for a two-asset, 493-unit portfolio of luxury high-rise apartment buildings in the Washington, D.C., metro area on behalf of a prominent regional developer and owner. The portfolio included Solaire 7607 Old Georgetown, a newly delivered 22-story, 198-unit tower in Bethesda, and Solaire 1150 Ripley, a 16-story, 295-unit community in the heart of Downtown Silver Spring. Both assets are in high-demand, transit-oriented neighborhoods and feature a full suite of Class A amenities. The transaction reflected the strength of institutional capital’s appetite for core multifamily product in a high-barrier, Metro-served submarket.
The BEST MULTIFAMILY PROJECT of 2025
Cost Recovery Solutions LLC Tax-Saving Professional Services Tinton Falls, NJ The BEST VENDOR of 2025
Crystal Window & Door Systems Upton Place Washington, DC
Size: 800,000 SF / 2,800 units Crystal provided 14 models and styles of commercial aluminum windows and doors from its broad product line, a total of 2,800 units, for this new luxury mixed- use development in Washington, DC. With multiple combinations of window and door products, many with tempered and laminated glass and all with cus- tom powder coat paint finish, Crystal products offer
Cost Recovery Solutions LLC (CRS) collaborates with commercial property owners and tenants to reduce their income taxes and maximize their return on investment. We specialize in cost segregation studies, energy tax services, tangible asset appraisals, and fixed asset reviews. Founded in 2004, CRS has completed thousands of projects throughout the country, with clients ranging from local business owners to Fortune 500 companies. We’ve helped our clients save thousands to millions in income taxes within the retail, healthcare, hotel, banking, automotive, restaurant, recreation, technology, and manufacturing industries. Our favorite project in 2025 was a cost segregation study completed to help our client recover costs incurred on their purchase of a 49,000 square foot entertainment facility located in central New Jersey. The facility includes 28 bowling lanes, an 18-hole indoor miniature golf course, a full-service restaurant and bar, a large event room, and offices. The upscale décor, interior finishes, and accent lighting provide a night club vibe. Significant exterior land improvements include landscaping, a parking lot, stormwater drainage system, and site lighting. Our study reallocated 47% of the owner’s $20 million assets to reduced depreciation schedules, enabling them to realize a total of $2.8 million in tax savings.
expansive views, exceptional energy efficiency, and excellent sound attenuation for superior comfort for residents. Covering an entire city block, Leed Silver certified Upton Place features many resort-like amenities, 700 residential apartments, under - ground parking, and ground floor retail space, including a grocery store.
NAI Emory Hill Lancashire Apartments Wilmington, DE
Size: 136,078 SF Rich Dudek, SIOR and Kyle McLaughlin represented the seller in this multifamily sale that closed in under six months. The property was acquired by Berger Communities and rebranded as Larkwood Place, offering a mix of studio, one and two-bedroom apartment homes ranging from 312 to over 733 s/f.
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