Thursday, January 19, 2012

Morning Real Estate Review

Apartment building designs for Mt. Vernon Triangle parcel will save historic retail space (CityPaper) While Gold Leaf artists will get the boot to make way for the residential project, more retail is in store for the space.

Empty retail space in Friendship Heights makes for questionable identity (Washington Post) Recent big-box vacancies in upper northwest confuse identity of some of DC's highest-end retail.

Progression Place on the Market (CityBiz) The project under construction in Shaw is being billed as worth more than $130m.


AbdulBitar on Jan 20, 2012, 7:27:00 AM said...

Yes, the real estate market is very difficult for real estate developers and sellers and in all likelihood will become progressively worse throughout this new year. In our case, we started to develop a multi unit property, when the market was still sizzling hot. Unfortunately, as the building neared completion, the bottom fell out. In our case, we hired an outside real estate consulting group which provided us with a very interesting perspective and ideas which greatly helped us sell the units.


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