GOLDSTAR IN THE NEWS

The Goldstar Group Acquires 186,000 SF Industrial Warehouse in Manassas, Virginia for $9.35M

The Goldstar Group Acquires 186,000 SF Industrial Warehouse in Manassas, Virginia for $9.35M

Asset is currently 92% leased to two tenants The Goldstar Group has announced the acquisition of a 186,00 square foot industrial warehouse facility located in the Manassas sub-market of Northern Virginia for $9.35 million. Stephen Perkins of Newmark Grubb Knight Frank represented both the buyer and the seller, Euclid Avenue Investors, LLC, in this transaction. The asset, positioned at 9061 Euclid....

Read more >

New Va. Square Condo Building Plans Fall Opening

New Va. Square Condo Building Plans Fall Opening

The AKA Virginia Square extended stay hotel is undergoing a conversion into a condominium building and plans to open this fall. The building, at 3409 Wilson Blvd, was purchased by Bethesda-based The Goldstar Group. The company has rebranded the building as Arc 3409, saying it will featuer “luxury condos.” The sale went through this spring, and by May the hotel was no longer taking reservations....

Read more >

Real estate firm buys Shelter Cove Apartments in Odenton

Real estate firm buys Shelter Cove Apartments in Odenton

By RICK HUTZELL rhutzell@capgaznews.com A real estate investment firm said Wednesday it paid $43 million for the Shelter Cove Apartments, a 300-unit complex in Odenton. The Goldstar Group of Bethesda said it would continue ongoing interior renovation of approximately 200 units, expected to be completed within three years. Shelter....

Read more >

Virginia Square apartments set for conversion back to condos

Virginia Square apartments set for conversion back to condos

The Goldstar Group plans to convert a Virginia Square apartment building that was originally built as for-sale residential units back into condos after acquiring the site May 29 for $40 million. Goldstar and joint venture partner Finmarc Management Inc. bought 3409 Wilson Blvd. for about $469,000 a unit from a joint venture between Korman Communities Inc. and Hunt Properties. The property was initially....

Read more >

Real Estate Inc.  Howard County apartment complex sells for $23.6M

Real Estate Inc. Howard County apartment complex sells for $23.6M

Bethesda-based Goldstar Group has purchased a 140-unit apartment complex in Howard County for $23.6 million. Ashbury Court Apartments, located at 10095 Washington Blvd. N. in the Howard County section of Laurel, is a mixed-use project with 32,000 square feet of first-floor retail. The deal includes an option to build a second phase of residential. Goldstar Group said it was attracted to the property....

Read more >

Goldstar Group buys into Barracks Row

Goldstar Group buys into Barracks Row

The Goldstar Group Inc. has acquired two commercial properties in Barracks Row as the Bethesda-based company tries to increase its presence in the Southeast D.C. neighborhood. Goldstar paid $1.7 million to buy the properties at 425 and 427 Eighth St. SE from a pair of individual owners, according to D.C. property records. The building, by Eighth and E streets, combine for only about 6,600 square....

Read more >

FBI screening center sells for $93.5 million

FBI screening center sells for $93.5 million

A joint venture including Bethesda’s Goldstar Group has sold a Vienna complex housing the FBI’s Terrorist Screening Center for $93.5 million, or about $415.50 per square foot, to a pension fund managed by California-based GI Partners, according to sources familiar with the deal. The property at 801 Follin Lane, also known as Liberty Park at Tysons, includes the FBI’s 190,000-square-foot screening....

Read more >

The Goldstar Group Acquires 265 Units at Barracks West in Charlottesville, VA

The Goldstar Group Acquires 265 Units at Barracks West in Charlottesville, VA

DC-Area investment group pays $13.3 million in off-market short sale; plans $4.5 million renovation.

Bethesda, MD (PRWEB) October 01, 2012 The Goldstar Group of Bethesda, MD has acquired 265 rental condominium flats and townhomes at Barracks West in Charlottesville, VA for $13.3 million ($50,000 per unit) in an off-market short sale. Located just a half mile from the University of Virginia’s....

Read more >

COPT sells Silver Spring property for $21.3M

COPT sells Silver Spring property for $21.3M

Finmarc Management and the Goldstar Group have acquired 11800 Tech Road, a flex office building with nearly 250,000 square feet in Silver Spring, for $21.3 million, Citybizlist.com reports. The building is located in the North Silver Spring/Route 29 submarket of Silver Spring. The property is 83 percent leased to tenants such as Comcast, the General Services Administration and Holy Cross Hospital.   Originally....

Read more >

Goldstar Group buys Gaithersburg Rosewood units

Goldstar Group buys Gaithersburg Rosewood units

Bethesda-based The Goldstar Group has acquired 65 units at Rosewood, a condominium and complex in Gaithersburg. Goldstar bought the units from Stellar Rosewood LLC for $7.05 million. Jones Lang LaSalle Inc.represented the seller. Rosewood, at 18318 Streamside Drive, was built in 1986 and renovated in 2005. It converted to condos in 2006 and 2007. There are 65 units still unsold in two buildings.   Originally....

Read more >

College Park industrial park acquired

College Park industrial park acquired

A joint venture between Congressional Commercial and The Goldstar Group of Bethesda has acquired an 81,000-square-foot industrial park on Berwyn Road in College Park, Citybizlist.com reports. The complex consists of eight building that are 75 percent leased.   Originally published on

Read more >

Goldstar Group buys The Floridian at auction

Goldstar Group buys The Floridian at auction

Exactly a month after Bank of America filed a notice of foreclosure on U Street’s The Floridian, the Goldstar Group scooped it up in what it calls an “unconventional” transaction. The Bethesda-based company and its recently formed financing arm, Metropolis Capital Finance, purchased the 118-unit condominium building for less than the $31.8 million on the note with the hopes of lowering unit....

Read more >

Transwestern execs leave to join Goldstar Group

Transwestern execs leave to join Goldstar Group

Two prominent Transwestern employees are leaving to launch the new financing arm of Goldstar Group Inc.. The new unit — branded Metropolis Capital Finance — will finance transactions for third parties and for Bethesda-based Goldstar. Cliff Mendelson is leaving his post as senior managing director at Transwestern to become managing partner of Metropolis and Albert Missirlian, director at Transwestern,....

Read more >