Konterra Realty, the real estate arm of Gould Property Co., recently broke ground on the first phase of the Konterra Town Center East project in Prince George’s County.
The first phase of the project will begin with the construction of a 220-townhome project, The Marais Townhomes, with Caruso Homes as the builder and general contractor. Work is set to begin soon, in partnership with Bozzuto Construction, on two apartment buildings totaling 500 units. The first for-sale townhomes are expected to deliver this fall, while the condos are slated for 2028, reported the Washington Business Journal.
The Konterra Town Center East project is part of the larger Konterra project, which totals 1,400 acres on both sides of I-95, on a site that was formerly home to sand and gravel mining operations. The Gould family, which runs the Gould Property Co. and Konterra Realty, has owned the land since the early 1980s.

Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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