Friday, September 23, 2011

Morning Real Estate Review


Area Cities Make List of America’s 50 Best (Washingtonian) Arlington ranks second, Washington ranks sixth on Bloomberg Businessweek’s list of the best cities in the country.

Watergate office building to be sold (Washington Post) BentleyForbes' Watergate property under contract to be sold to District-based private equity real estate investor Penzance Cos.

Prince George's Council panel backs $50M development fund (Washington Business Journal) County Council panel voted to send the legislation creating the fund, what Baker has called a "game changer" for development in the Washington area, to the full council.

Fund Invests $650M In Emerging Market for Green Retrofits of Aging Buildings (CoStar) A business consortium has announced the largest single private-sector investment to date in commercial property energy retrofits and upgrades.

Roadside plans Cambria Suites hotel at O Street Market (PR Newswire) DC's Roadside Development to partner with Choice Hotels and Concordia Hospitality plan to build Cambria Suites at the CityMarket at O.

correction: BentleyForbes is selling its Watergate office property, not Euro Properties. Euro Properties owns the Watergate hotel and is not selling.

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