Wednesday, February 29, 2012

Morning Real Estate Review


Trammell Crow gets funding for new Sentinel Square in NoMa (Commercial Property Executive) A $181 million dollar financing package will allow TCC to refinance Sentinel Square I in NoMa (90K Street) and build its companion next door.

CEO of First Potomac gives outlook on DC's commercial market (Globe St.) Doug Donatelli comments on his business and on the future of the industry.

Home prices decline to new low (Wall Street Journal) Home prices declined 4% in 2011, part of which occurred last quarter, leading to new lows for the national market.

District office vacancies expected to grow (Washington Post) Office vacancy remains around 10.6%, but uncertainty around federal leasing is expected to depress the office rental market.

Commercial vacancy rates improving, rents firming
(Realestaterama) All real estate sectors are seeing improvements, but multi-family rental housing is leading the way.

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