Thursday, February 23, 2012

Morning Real Estate Review

Numerous indicators point to strong year in real estate (Realestaterama) Increased leasing velocity, the reemergence of speculative construction, and strong retail, manufacturing and transportation industry performance all signal the start of what very likely will be a positive year.

Trammell Crow gets financing for another NoMa office building (Globe St.) Sentinel Square II, a 270,000 s.f. office building, will be LEED Gold and meet stringent security standards.

The real reason to buy your own home (CNN Money) Hint: ever want to date again? Move out on your roommates and get your own place, that you own.

New York's BGC Partners lays out plans to buy bankrupt Grubb & Ellis (Business Journal) The purchase could have implications in the D.C. market as the 6th-ranked office rep gets snapped up.

Existing home sales rose in January, inventory down (Marketwire) The numbers are better than December and beat January of 2011.

A 5th Avenue experience for DC's 12th Street? (Globe St) With ESPN zone gone, planners envision multiple tenants in the large space to create a different shopping experience.

A new design for Fannie and Freddie (Washington Post) The mortgage giants should be weaned off life support and abandoned as an economic stimulus component.

Peterson Companies buys into Bethesda's Rock Spring (Washington Post) The developer of National Harbor gives injection to struggling mixed-use project.


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