Friday, September 30, 2011

Morning Real Estate Review

Donatelli sells Ellington apartments for $100M (Washington Business Journal) Donatelli said he would use the capital to invest in new mixed-use developments, likely transit-oriented, in "emerging neighborhoods."

Lincoln Theatre may have to close without DC funds (Washington Post) District of Columbia Councilmember Jim Graham, who sits on the theater’s board, told WAMU-FM he doesn’t know how the Lincoln will survive another year.

Apartments thrive, and CEO reaps reward (Wall Street Journal) Chicago-based apartment giant Equity Residential, with multiple holdings in the DC area, recently gave its CEO David Neithercut “a long-term compensation grant and retention award” (read: bonus) valued at $6.5 million.

Developing cities (Forbes) DC is a good example of what does and doesn't get cities to make better use of its once industrial land.


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