Friday, September 07, 2012

Morning Real Estate Fix


Modus Hotels converts Washington Suites Georgetown - The former executive suites, at 2500 Pennsylvania Avenue, is the 10th property refurbished by Modus, which aims for both corporate and leisure travelers.

Carroll Square trades for $121m (Commercial Property Executive)  The prominent office building, 178,000 s.f. in size, traded to Germany's GLL Partners at $682 per square foot.

Homes now selling more quickly (Realestaterama)  The average amount of time to unload a house is down to 69 days, down from 98 days in July of 2011.  Economists chalk it all up to low inventory.

Apartment and condo market shows improvement in 2nd quarter (NAHB) A survey finds that builder sentiment, measured broadly, is improving, suggesting that production will increase in the near future.

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