Wednesday, February 01, 2012

Morning Real Estate Review.

Federal Housing Finance Agency Sets New Foreclosure Plan (Reuters) Investors could pre-bid on government-owned foreclosure properties so long as they are converted short-term to rentals

DDOT Names Carl Jackson As Head of Transportation Services (DDOT) Former Greenville, South Carolina transportation head, Jackson will lead development and construction of the District's 37-mile streetcar plan which city officials say will boost DC's real estate values by up to $7 billion over 10 years.

Paramount Group Buys 2099 Penn. Ave. (Washington Business Journal) Deal for 206,000 square-foot building with Vico Capital was said to be $155 million or $750 per square foot. The deal is the fifth acquisition for the New York-based investment group.



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