Tuesday, April 03, 2012

Morning Real Estate Review

Washington D.C. office market hammered in first quarter (Biz Journal) New Jones Lang LaSalle survey puts Washington D.C. as the biggest loser of office rentals in the first quarter of 2012, with a net loss of 1.4m s.f. of office space.

Bob Peck out at GSA, Tangherlini in (Washington Post) Peck forced out in wake of spending "scandal" despite a record of cost-cutting for GSA; former DC Administrator Tangherlini switches roles yet again.

KBR Building Group selected as GC for Founders Square (Press Release) KBR will build the 17-story, 230,000 s.f. residential tower that is expected to earn a Silver LEED rating from the USGBC.

Realtor confidence improving (Economists' Outlook) Improving market conditions have real estate agents feeling better, which is always reason to worry.



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