The fund’s portfolio will have a core focus on multifamily development in urban locations. Bernstein Cos., which among other activities is currently in the process of building the new global headquarters for Marriott International here, is partnering with OPZ Capital, an Opportunity Zone Fund manager, to launch OPZ Bernstein.
The Bernstein Companies and OPZ Capital join forces to create OPZ Bernstein, a real estate private equity fund focused exclusively on making Opportunity Zone Fund investments. The Opportunity Zone legislation is a bipartisan economic stimulus plan to promote sustainable growth and long-term capital investment in low income communities across the Nation.
One of downtown’s last prominent, dormant historic buildings, the 23-story Mark Twain Tower, is slated to be redeveloped as a 202-unit apartment project following approval of incentives Wednesday.
The Bernstein Companies plan to create about 200 apartments with rents around $1,500 for one-bedroom units and $2,100 for two-bedroom apartments in the Mark Twain tower.
The Bernstein Companies and its joint venture partner Boston Properties marked a significant milestone today as they broke ground on the future Marriott International headquarters and Marriott Hotel in downtown Bethesda, Maryland.
Bernstein Cos. landed the biggest win in recent Montgomery County history last year when Marriott International chose Bernstein's Downtown Bethesda site for its new corporate headquarters. The selection process lasted a matter of months, but Bernstein had been assembling and planning the site, at 7750 Wisconsin Ave., for decades.
The Bernstein Companies announced today that, in partnership with Boston Properties, it has officially signed a lease with Marriott International for the development of its new corporate headquarters in downtown Bethesda. The site will also incorporate a flagship Marriott Hotel, developed and owned by The Bernstein Companies.
Hotel giant Marriott International Inc.'s decision to announce its pick for a new downtown Bethesda headquarters on Friday might have seemed ill-timed to seasoned real estate experts — and not just because it coincided with the presidential inauguration.
After months of anticipation, Marriott International announced today it has signed a letter of intent with Boston Properties and The Bernstein Cos to develop its new downtown Bethesda HQ.
In a hotly anticipated announcement, Marriott International Inc. on Friday said the company is moving its headquarters near Woodmont Triangle at the corner of Wisconsin and Norfolk avenues in downtown Bethesda.
Marriott International Inc. has tapped Boston Properties Inc. and The Bernstein Cos. to build its new home at a site just north of the Bethesda Metro station, capping one of the most highly watched corporate headquarters searches in Greater Washington.
The Bernstein Companies (TBC) announced today that it acquired The DoubleTree Bethesda for $50.1 million. TBC has also taken over as Manager of the 270 room upscale, full-service hotel and will continue to operate the hotel pursuant to a franchise agreement with DoubleTree, a subsidiary of Hilton Worldwide.
The Bernstein Companies announces the commencement of construction on 301 M Street, SW (“301 M”). This 187-unit luxury apartment building is an eleven storied development designed by Maurice Walters Architect, Inc.
With plates of sesame seared ahi tuna and sticks of liquid nitrogen Cracker Jack lollipops making the rounds around the room, the owners of the new AloftRaleigh hotel celebrated Thursday night with a big party on Hillsborough Street.
ECHO Realty, LP and its partner The Bernstein Companies are pleased to announce the commencement of construction of The Gateway at University Town Center, located at the intersection of East-West Highway (Maryland Route 410) and America Boulevard, in Hyattsville, Prince George's County, Maryland.
The developers of the planned Aloft hotel on Hillsborough Street in Raleigh have secured their construction loan, and work crews are already preparing the site for the seven-story building.
The Bernstein Companies is now planning to build the luxury Westin Hotel before a planned Class A office building on a two acre site between Wisconsin and Woodmont Avenues currently home to the Bethesda Court Hotel.
The owners of the Aloft hotel chain have confirmed plans to open a second Aloft hotel in the Triangle in 2015, this one at the Bell View property across from N.C. State University’s iconic bell tower monument on Hillsborough Street.
The developers of two hotel projects in downtown Durham and another near downtown Raleigh are close to securing a commitment from the parent company of Aloft hotels to place the urban-influenced brand on their buildings.
