11-28-14

10A — November 28 - December 11, 2014 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal

www.marejournal.com

O wners , D evelopers & M anagers Planned development includes two new apt. buildings HFF arranges joint venture equity forViewatWaterfront W ASHINGTON , DC — HFF an- nounced that it

has brokered a relationship for the purchase and develop- ment of the View at Water- front, a two-tower, 256-unit apartment complex with two future development sites in Washington, DC. HFF worked on behalf of Mill Creek Residential to procure John Hancock as their development partner in the transaction. Designed by I.M. Pei in 1960 and fully renovated in 2008, the property is 93.6%

View at Waterfront

leased with existing units av- eraging 688 s/f each. Planned development includes two new apartment buildings with ap- proximately 250 additional units and new amenities, in- cluding a rooftop terrace with wet bar and grilling space, state-of-the-art fitness center with yoga studio, business center and 8,900 s/f of retail space. The property is located at 6th St. SW and M St. SW in Washington, DC’s Southwest submarket. The HFF equity placement team was led by Walter Cok- er , Brian Crivella , Sue Car- ras and Dave Nachison . n IREM participates in initiative to establish common approach to ethics NEW YORK – The Insti- tute of Real Estate Man- agement (IREM) was one of 15 organizations representing property and related profes- sional services fromaround the world that met at the United Nations in New York in Octo- ber to establish the Interna- tional Ethics Standards Co- alition (IESC) . The Coalition aims to develop and implement the first industry-wide ethics standards for property and related professional services. “By being part of this co- alition, IREM is proactively engaging in the process of in- troducing international ethics standards that will improve the delivery of professional services and enhance the pub- lic perception of the real es- tate profession,” said Nancye Kirk , IREM’s chief strategy officer. The Coalition is hopeful that the new International Ethics Standard will be ready in early 2016. n

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