Thursday, November 17, 2011

Morning Real Estate Review


Zell Firm Leads Bids for Archstone (Wall Street Journal) Equity Residential, the apartment company headed by real-estate mogul Sam Zell, has emerged as the lead bidder in the contest to buy roughly half of rival Archstone in what would be one of the largest real-estate transactions since the downturn.

Continental Realty buys Alexandria apartments (Washington Business Journal) Baltimore-based Continental Realty Acquisitions has acquired the Parkwood Court apartment complex in Alexandria for $23 million.

Carnegie Library gets new life as visitor’s center (Washington Post) The Carnegie Library, in Mount Vernon Square, is one of the city’s most treasured buildings and yet one of its most difficult.

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