In D.C., a Street's Grit Gives Way to Glamour (New York Times) Tall cranes dot the sky along 14th Street N.W., hovering above half-finished high rises that are replacing vacant lots and low-slung buildings. In the next 24 months, virtually every block in a one-mile stretch of 14th is slated to gain a new or renovated building containing residential units and ground-floor retail space.
High vacancy rates in N.Va. does not bode well for Silver Line (Washington Examiner) Metro stations attract economic development like flowers attract bees -- or so we are told by proponents of transit-oriented development. With this argument, skeptical supervisors in Loudoun County are being urged to commit their constituents to an estimated $713 million in debt over the next 30 years by signing on to Phase 2 of Dulles Rail.
Flood of Foreclosures Still Fails to Materialize (CNBC) The number of homes entering the foreclosure process rose in March, up 8.1 percent, according to a new report from lender Processing Services, but the volume is down more than 30 percent from a year ago.
Skanska to sell Washington, D.C., property for $140M (Market Watch) Swedish construction company Skanska AB said Wednesday it is selling its first development property in the US, an office property in Washington, D.C., for $140 million to Jamestown Properties.
J.P. Morgan buys two Capitol Riverfront apartments (Washington Business Journal) J.P. Morgan Assets Management closed on its acquisitions of two apartment projects on the Capitol Riverfront, according to CBRE Inc., the commercial real estate services firm that brokered the deals.