Thursday, July 19, 2012

Morning Real Estate Review


U.S. builders start most new homes since 2008 (Independent Mail) The Commerce Department released information that housing starts on single family homes and apartments grew 6.9% in June, the largest number since October of 2008.

Host Hotels buys Grand Hyatt in downtown DC (USA Today)  The 888 room hotel has reportedly sold for $400m, in a deal that will close by the end of the month.

World Trade Center Signs GSA Lease (The Real Deal)  The 230,000 s.f. lease for the federal government pushes the building past the 50% leased mark.

JBG Rosenfeld and Bozzuto close on Gaithersburg project (Wall Street Journal) The development giants have purchased 20 acres of land at Downtown Crown to build 260,000 s.f. of retail by JBGR and 538 apartments units by Bozzuto.

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