Monday, April 09, 2012

Morning Real Estate Review


JBG gets LEED Gold certification on Arlington hotel (sys-con Media) JBG's Renaissance hotel across from Reagan National Airport earns environmental certification one year after opening.

Are we building an apartment bubble? (Forbes) While apartment vacancies drop below 5%, the lowest level since 2001, some worry that overbuilding could be leading developers off a cliff, but others think the end is not near.

Home prices show signs of hitting bottom (loan rate update) Prices drop .2% in the last 3 months, with the midwest leading the decline, in 19 consecutive months of price declines, but some see the drop slowing.

Katz gears up for retail spending spree in DC area (Globe St) The NY-based real estate firm buys its first Virginia property and looks to spend another $150-200m on more acquisitions.

Office vacancies decline slightly
(Wall Street Journal) The national vacancy rate fell slightly in March to 17.2%, a cautiously good sign in a market that had a 12.5% vacancy rate 5 years ago.

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