Wednesday, November 09, 2011

Morning Real Estate Review


Stephen Starr confirms 14th St. deal (Washington Business Journal) Big-name Philadelphia restaurateur Stephen Starr will open a French bistro at the intersection of 14th and Q streets NW in D.C.

Whalen Says Fannie, Freddie Have Unrealized Losses (Businessweek) Fannie Mae and Freddie Mac may have hundreds of billions of dollars of unrealized losses, says Christopher Whalen, managing director of Institutional Risk Analytics.

Vornado acquires 1399 New York Ave. for $104M (Washington Business Journal) Vornado Realty Trust will acquire complete ownership of the 11-story, 130,000-s.f. "Executive Tower" near the White House for $104 million, or $800 p.s.f.

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