Tuesday, June 19, 2012

Morning Real Estate Review

Shakespeare Theatre Company sues landlord Landsburgh Theatre (DCist) STC says its rent went up 700% in violation of the agreement that created the venue in the first place.

Mayor Gray brings back Michael Kelly to run Dept. of Housing and Community Development (CityPaper) Kelly had left DC for a similar position in NYC, but Kelly has been brought back to replace John Hill, who moves to DMPED.

New Dodd-Frank rules could limit mortgages to plain vanilla offerings (HousingWire)  A study by K&L Gates says that Basel III rules could causes mortgage lenders to shy away from all but the simplest loans.

Builder confidence edges up in June (HousingWire) The NAB has issued a report saying that lower interest rates has given a push to buyers across the country, giving builders a better feeling about the market.


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