Planning Board To Vote on High-Rise Project at Former Steamers Site in Bethesda

Montgomery County planners are expected to vote Thursday on a developer’s proposal for a 58-unit high-rise on the former site of Steamers Seafood House in Bethesda. Planners earlier this week talked about the project to construct a 110-foot building called the Claiborne at the intersection of Auburn and Norfolk avenues. Steamers was open for 19 […]

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NOVO Properties Announces New DC Acquisition

  Washington, DC, November, 2016   NOVO Properties (NOVO) is pleased to announce the acquisition of 1440 Chapin Street, NW, a 28-unit multi-family property located in NW Washington, DC.   1440 Chapin Street is an exciting acquisition for NOVO as it increases the Company’s presence in a neighborhood with great growth potential. Just five blocks […]

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NOVO Properties Announces Acquisition of old Steamers Restaurant in Bethesda

  Washington, DC, June 28, 2016   NOVO Properties (NOVO) is pleased to announce that is has closed on the former Steamers Restaurant (Steamers) located in the Woodmont Triangle of Bethesda, MD.   This is NOVO’s first acquisition in Bethesda. NOVO is currently proposing a mixed-use building with approximately 2,800 square feet of ground-floor retail […]

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NOVO Properties Announces New Chicago Acquisition

  Chicago, IL, February 3, 2016   NOVO Properties (NOVO) is pleased to announce the acquisition of 6720 South Jeffrey Boulevard, an 82 unit multi-family property located in the South Shore of Chicago. 6720 S. Jeffrey is NOVO’s seventh acquisition locally, bringing the Company’s total unit count in Chicago to 350. NOVO acquired the property […]

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NOVO Properties Announces Growth of Third Party Property Management Division

  Washington, DC, January 12, 2016   NOVO Properties (NOVO) is pleased to announce the continued growth of their Third Party Management division, with the appointment of Jeff Goldshine to Partner, Management Services. Under Jeff’s leadership, NOVO will expand its existing property management platform to better serve institutional and private ownership. Jeff will lead this […]

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NOVO Development Updates Their Name to NOVO Properties with Recent Entry Into Third Party Management and the Addition of Three New Senior Executives

  Washington, DC, November 18, 2015   NOVO Development updates their name to NOVO Properties, taking immediate effect. This new name better brands the company’s existing divisions of Acquisitions and Development, Historic Restorations, with their newest division of third party property management services. The NOVO name has strong recognition throughout the Real Estate Development industry […]

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Development would bring new apartments, townhouses and retail to D.C.’s Anacostia

Developers say they are aiming to spur transformation in Southeast Washington with a major residential and retail project proposed for historic Anacostia. As part of their six-block Reunion Square project, Four Points Development and Curtis Investment Group propose to begin constructing a 71-unit apartment building at 2255 Martin Luther King Jr. Ave. SE within months, […]

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Record-Setting Pace Continues for DC-Area Apartments

Class-A apartments in the area have seen record-setting absorption levels over the past 12 months, UrbanTurf reports. Over 14k Class-A units were absorbed during the past year, more than double the 10-year average in the region. The volume of deliveries over the next 12 months should help close the gap with an expected increase of […]

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