Tuesday, November 15, 2011

Morning Real Estate Review

Pepco buys 5220 Wisconsin from Akridge (Washington Business Journal) Akridge's plans for developing the site were halted in 2008 when neighbors objected to a mixed-use project over the Metro, plans that were revived earlier this year, but that are now left uncertain with the sale to Pepco.

NVCommercial targets distressed real estate (Washington Post) The firm has created a nearly $25-million fund for investing in real estate projects around the Washington region that have stalled or slowed and are in need of capital to continue.

Prince George's mishandled Metro stop growth, experts say (Washington Examiner) Prince George's County's development over the last decade has been anything but smart, regional experts say, as the county's quest to attract federal agencies has not spurred the type of redevelopment officials desire.

Host Hotels to raise $300M to pay off debt (Washington Business Journal) Bethesda-based Host Hotels & Resorts Inc., which cut its full-year outlook because of the delayed closing of its $442 million acquisition of the Grand Hyatt Washington...



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