Thursday, April 12, 2012

Morning Real Estate Review


JBG Floats Re-Worked Residential Project at 13th & U (CityPaper) U Street land baron JBG has been trying to get something going on the southwest corner of 13th and U Streets NW for more than three years now, and after getting existing tenant Rite Aid to move, may have finally hit upon the winning formula: 135 residential units with ground floor retail.

Gray, Issa consider relaxing D.C. building height limits (Washington Post) There’s new momentum to relax federal building-height limits in the District, reopening decades-old debates about the look, feel and character of the city as well as whether the restrictions stifle economic growth.

Real estate auctions: The future of home sales? (CBS News) According to some experts, the traditional form of real estate might be more of a hindrance than a help in today's market.

For lower-priced homes, a seller's market (Washington Post) It is a sellers’ market in the lower price ranges, which will put upward pressure on prices and may lead some potential first-time homebuyers to remain renters.

Mortgage Bankers' Commercial/Multifamily Origination up 55 Percent to $184.3 Billion in 2011 (RealEstateRama) Commercial and multifamily mortgage origination volumes increased 55 percent in 2011, with mortgage bankers reporting $184.3 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association’s (MBA) 2011 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation.

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