Wednesday, September 14, 2011

Morning Real Estate Review

DC once again promoting Franklin School (Washington Examiner) District taking another stab at long vacant site, along with 4 other downtown sites.

3 Bethesda Metro Center sells for $150m
(Wall Street Journal) Brookfield Office Properties has purchased the 17 story office building above the Metro.

Tysons Corner residents brace for redevelopment (Washington Post) For now, the few neighborhoods near Metro stops are beginning to deal with large-scale redevelopment plans that are taking shape. At least nine rezoning applications are being considered by Fairfax County.

Freddie Mac finalizes new modification option (Housing Wire) Mortgage servicers must evaluate borrowers deemed ineligible for the larger Home Affordable Modification Program for the new "Standard Modification" beginning in January.

Developers unveil plans for new Montgomery County police station in Bethesda
(Gazette) JBG Cos. announced plans to build a three-story, 30,000-square-foot police station at the 7900 block of Wisconsin Avenue, valued at $21.8 million as part of a larger, private commercial development.



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