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Real Estate
Annapolis apartments sell for $105 million
Annapolis apartments sell for $105 million

A New York-based firm made another investment in the Baltimore area, buying the Watergate Village rental community in Annapolis, according to a broker on the deal. Castle Lanterra Properties paid $105 million for the 608-unit Watergate Village, located in the Eastport neighborhood, said commercial real estate firm CBRE. CBRE represented the seller, Columbia Realty Venture, an affiliate of Washington-based Bernstein Management Corp. Castle Lanterra also closed in January on a $13.5 million deal to buy the nine-story apartment building at 222 East Saratoga Street. The 77-unit property was previously owned by RWN Development Group. Watergate Village includes a mix of high-rise and...