Tuesday, October 02, 2012

Morning Real Estate Fix

Georgia Ave church fights historic designation (Washington Post)  Once home to the New York Theater, the church at Georgia Avenue and Quebec place is the subject of a fight between parishioners and preservationists.

New Capitol Hill office building opens (Legal Times) Boston Properties bought 500 N. Capitol 2 years ago and stripped the building to its core.  The new office building, between the Capitol and Union Station, opened its doors this morning featuring main tenant McDermott, Will & Emery.

Long & Foster buys Randall Hagner (Fairfax News) Long & Foster's W.C. & A.N. Miller purchased the residential arm of commercial real estate company J Street.  Will the new company be called W.C. & A.N. Miller's Randall Hagner, a Long & Foster Company?

Mortgage rates set more record lows (HousingWire) With ever fewer borrowers having old, high-interest loans, mortgage giants are lowering rates to squeeze out the last few holdouts.  What happens when they're gone too?

18% of residential buyers are investors (National Association of Realtors)  The August numbers are higher than average, reflecting that fact that investors can often have positive cash flows immediately.



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