Phillips Realty Capital Facilitates $58M Financing for Maryland Apartment Development in Glenarden

BY KEITH LORIA MAY 10, 2021 10:58 AM THE ST. JOSEPH APARTMENTS. RENDERING: BY PRC Varsity Investment Group has closed on a $45.1 million construction loan from United Bank for the St. Joseph Apartments, a four-story, 268-unit multifamily development in Glenarden, Md., Commercial Observer has now learned. Phillips Realty Capital (PRC) structured the capital stack financing, which also included a…

PRINCE GEORGE’S COUNTY WILL ENTER PHASE 3 FOR COVID-19 VACCINATIONS TODAY, APRIL 12

OFFICE OF THE PRINCE GEORGE’S COUNTY EXECUTIVE ANGELA D. ALSOBROOKS PRESS RELEASE For Immediate Release: April 12, 2021 PRINCE GEORGE’S COUNTY WILL ENTER PHASE 3 FOR COVID-19 VACCINATIONS TODAY, APRIL 12 County Executive Reminds Residents to Make Sure They are Pre-registered with the County Health Department LARGO, MD – Prince George’s County Executive Angela Alsobrooks…

Maryland Gov. Larry Hogan to sign $577M HBCU settlement bill | PBS NewsHour

Maryland Gov. Larry Hogan to sign $577M HBCU settlement billEducation Mar 24, 2021 10:59 AM EDTANNAPOLIS, Md. (AP) — Maryland Gov. Larry Hogan will sign a measure to settle a 15-year-old federal lawsuit relating to underfunding at the state’s four historically Black colleges and universities for $577 million over a decade, the governor’s spokesman said…

Federal Funding Coming Your Way

Coronavirus Local Fiscal Recovery Fund Distribution  For metropolitan cities that are entitlement communities under CDBG, including Annapolis, Baltimore, Bowie, Cumberland, Frederick, Gaithersburg, Hagerstown, and Salisbury, the U.S. Treasury will issue two tranches of funds, with 50 percent of allocation available within 60 days and the second tranche available one year after the first tranche is…