Wednesday, April 11, 2012

Morning Real Estate Review


D.C.-area housing prices still rising (Washington Business Journal) Real estate listings service MRIS confirms other recent reports pointing to an acceleration in housing price appreciation in the Washington market.

114-unit Adams Morgan Apartment Building Trades for $26M (CityBizList) Urban Investment Partners (UIP) in partnership with Infinity Real Estate (IRE) of New York City has acquired the 114-unit apartment building at 1841 Columbia Road, NW in Washington, DC, formerly known as The Alcazar, for $26 million.

Fairfax County Board of Supervisors reaffirms commitment to Silver Line's second phase (Washington Post) Fairfax County’s Board of Supervisors on Tuesday reaffirmed its commitment to extending Metrorail’s new Silver Line to Dulles International Airport and into Loudoun County, despite expressing concern about how the approximately $2.7 billion project will be funded.

Office and Warehouse Sectors Lead Continued Recovery of U.S. Commercial Real Estate Market (Market Watch) Although rising energy prices and fiscal debt issues for both domestic and foreign governments remain as clouds on the horizon, the U.S. commercial real estate market is in the midst of a continued recovery being led by the office and warehouse sectors, according to the latest research from CoStar Group.

How 'Shadow Inventory' Hurts the Housing Market (US News & World Report) There were high hopes that 2012 would be the year when the housing market, battered by the explosion of the real estate bubble, would finally begin to recover. But any good news on the housing front has quickly been followed by negative news.

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