Tuesday, June 12, 2012

Morning Real Estate Review


DSF Group opens first Dunn Loring Apartment building (Wall Street Journal)  DSF opens the 220-unit Lotus, the 2nd phase of Halstead Square at the Dunn Loring Metro station, in "the heart of Vienna's cultural district."

Foreigners scooping up U.S. homes in greater numbers (Bloomberg) The dollar value of U.S. homes purchased by foreigners was up 24% over the 12 months ending in March, accounting for 4.8% of the American housing market.

FRB says American wealth plunged by 38% due to home price drops (Bloomberg)  The median net worth of U.S. families dropped from 2007 to 2010 due to falling home prices.

U.S. Mint Building earns LEED Gold status

Penzance begins renovation work at Watergate office building (Washington Post)  Penzance purchased the building one year ago and will begin construction today after the 40th anniversary of the Watergate break-in.

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