Friday, April 27, 2012

Morning Real Estate Review


A Healthier Real Estate Market, But For Whom? (Forbes) Congress is looking at relaxing the 102-year-old law that caps the heights of buildings in Washington, D.C., and that seems like a pretty good thing to me.

Federal Realty to Start on Phase One of $250M Mid-Pike Plaza  (Globe St.) Federal Realty Investment Trust expects to break ground within 90 days on its long-anticipated redevelopment of Mid-Pike Plaza here, CEO Don Wood tells GlobeSt.com.

Carr Breaks Ground on CBD Office; Preps for Bethesda Project (Globe St.) On a misty, overcast Thursday morning Carr Properties broke ground on what is still a rarity in the Washington DC market: a new office development, in the CBD no less, that is 72% pre-leased to two tenants.
Sales contracts for US homes rose in March to highest level in almost 2 years (Washington Post) An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving.

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