Tuesday, March 20, 2012

Morning Real Estate Review


Listing of affordable housing project portends increased marketability of lower-income units (Globe St.) Listing of 1449 U Street affordable project may be an indicator of increased acceptance of low-income as investment project, says JLL.

Mortgage rates rise to highest level of the year (Mortgage News Daily) Average rates rise to just over 4%.

JBG considering ditching hotel on U Street in favor of yet more apartments (CityPaper) Simmering plans for a high-end hotel get revisited as JBG builds apartment buildings all around U Street.

Host Hotel & Resorts issues $350m private placement to pay downtown Marriott (Globe St.) Host hopes to pay off mortgage on its downtown building leased by Marriott.

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