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Real-Estate Execs Make Big Deals
Despite the dip in the real-estate market, Washington developers and real-estate executives are living large.
Commercial-real-estate executive Stephen Conley spent $5.35 million on this six-bedroom, eight-bath Colonial in Chevy Chase. Conley is in the Washington office of Holliday Fenoglio Fowler.
Real-estate investment executive Thomas Baltimore bought a six-bedroom, nine-bath Colonial on Sorrel Avenue in Potomac for $4.3 million. The house sits on more than two acres and has a pool, lighted tennis court, cabana with hot tub, and four-car garage. Baltimore is president of RLJ Development, a real-estate investment company he started with BET founder Robert Johnson.
Developer Jeffrey Neal bought an eight-bedroom, six-bath white stucco home in Kalorama for $3.4 million. Built in 1930, the house has a dining room that seats 20, four fireplaces, and a three-car garage. Neal is cofounder of Monument Realty, a DC real-estate development firm.
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