Wednesday, May 02, 2012

Morning Real Estate Review

NIH Renews Bethesda Lease at $30.75 Per SF (Globe St.) The General Services Administration has renewed a 99,583-square-foot lease for the National Institutes of Health at the Atrium at Rock Spring.

D.C.'s Monumental Change: How Amendments to the Historic Anti-Skyscraper Act May Transform the Nation’s Capital (Artinfo) If there is any consensus among critics, it is the perception that any amendment bears the potential to drastically change the face of a growing urbanity.

Four Years Later, Housing Finally Turns a Corner (The Fiscal Times) The crisis-ridden housing market has “turned a corner,” Housing Secretary Shaun Donovan said today.

More Condos for Georgia Avenue (CityPaper) Not long after putting a new 22-unit, Eric Colbert-designed condo building at Georgia Avenue and Hobart Place NW on the market, developer Art Linde says he's building another across the street.

Commercial Real Estate Loan Prices Climb in March (Market Watch) The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS rose to 87.3% as of March 31, 2012 from 86.9% as of February 29, 2012. Loan values were 79.8% as of March 31, 2011.

Sternlicht Says Debt 'Bubble' in U.S. Property Like 2007 (Bloomberg Businessweek) Competition to buy high-quality commercial real estate has led to a debt “bubble” in some U.S. property sectors, said Barry Sternlicht, chief executive officer of Starwood Capital Group LLC.



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