Thursday, November 10, 2011

Morning Real Estate Review


Walmart begins ‘pop-up’ store experiment (Financial Times) At 1,000 and 3,000 s.f, the Walmart.com stores are smaller than the compact Express stores Walmart has begun opening this year – and they are dwarfed by its trademark 185,000-s.f. Supercenters.

Skanska seeks to test waters with 733 10th St NW (Washington Business Journal) The newly constructed office building near Metro Center, which took $85 million to develop, was built on a vacant site that Skanska acquired from PN Hoffman two years ago.

Akridge and Rockwood Stage “Glassbreaking” at 7550 Wisconsin Avenue
(Akridge PR) Yesterday marked the beginning of a 120,000-s.f. office redevelopment at 7550 Wisconsin Ave. in Bethesda, a vacant property purchased from GSA last spring.

Carlyle Cuts Fees to Sell New Fund (Wall Street Journal) Carlyle Group, the large private-equity firm that is preparing for a public share listing, is trying to lure investors to a new $2.3 billion real-estate fund.

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