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The company has developed more than 15,400 apartments and condominiums within 65 communities. Over the last five years Kettler's condominium communities in North Bethesda, Maryland, and Reston, Arlington and Alexandria, Virginia, were the Washington, DC Metropolitan area's top selling projects with gross sales in excess of $700 million.
Most of the apartments were built in the 1970s and 1980s. [2] The corporation filed for bankruptcy in 1989, and reorganized as Cardinal Realty Services, Inc., a real estate ownership and management company. Cardinal Realty Services, Inc. was listed on the New York Stock Exchange [CRSI] before merging with Equity Residential. [3]
The National Trust put the building up for sale in mid-2009. The organization said it had outgrown the 60,000 square feet (5,600 m 2) building and needed about 80,000 square feet (7,400 m 2) of space. Real estate experts believed the structure would sell for $1,000 a square foot, or $60 million.
The frozen housing market shows few signs of thawing as 2025 begins New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued ...
The 150-unit apartment building is not perfect, but it does meet some town goals, council members said. Chapel Hill signs off on high-rise apartments downtown with affordable housing, retail Skip ...
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