Tuesday, May 01, 2012

Morning Real Estate Review

LCOR Secures $43M Construction Loan; Scouts New Opportunities (GlobeSt.) Moving forward to build out its North Bethesda Center, LCOR has secured funding for a new $86-million rental property at the massive mixed-use community.

Taller buildings don't have to be ugly (Washington Post) Creativity can trump standards at any height, but a slight loosening of height limits could help the cause.

U.S. homeownership rate drops to 15-year low in Q1 (Reuters) The share of privately owned U.S. homes fell to a 15-year low in the first quarter, government data showed on Monday, suggesting that falling house prices are discouraging Americans from owning homes.

Parking minimums undermine Montgomery zoning changes (Greater Greater Washington) Montgomery County is rewriting its zoning code, but the proposed draft leaves old minimum parking requirements largely in place. This obstructs the very growth the county wants to encourage.

Va. lawmaker wants Congress to wade into fight over DC Metro expansion to Dulles airport (The Hill) A Virginia Republican has introduced legislation to create an inspector general to oversee the agency in his state that is overseeing a proposed expansion of Washington, D.C.'s MetroRail to Dulles International Airport.

Landlord: SEC owes nearly $8M in rent for unused space (Washington Post) The Securities and Exchange Commission owes nearly $8 million in past-due rent on a Washington office building, according to the building’s owner.



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