Wednesday, November 16, 2011

Morning Real Estate Review

Georgetown Inn sells for $34 million (Washington Business Journal) Georgetown Washington DC Inn LLC is planning a major renovation of the property at 1310 Wisconsin Ave. NW, which traded for about $360,400 per room.

BofA: Foreclosed Homes Selling Faster (Wall Street Journal) Bank of America Corp. Chief Executive Brian Moynihan said Tuesday the bank is able to sell foreclosed houses faster than it had in the past as it tries to work through its pile of soured home loans.

Residents protesting embassy's front yard remodel (Washington Examiner) The Congolese government received zoning approval in March to operate the 1890s mansion as an embassy, but only after the republic withdrew its request to turn the front yard into a half-circle driveway, which it did anyway.

Pols Laud Long-Shot Freeway-Topping Trade Center (Washington City Paper) Interesting look inside the politics of the globe envisioned over I-395.


Fred S said...

The trade center over the freeway article is interesting. I hope the public doesn't get stuck with a bill if the thing falls through during construction.

"Eliminate the middle man" for Chinese goods to lower prices! That would seem to make sure that no profit is available for US business. That does't sound too good to me.

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