Friday, October 26, 2012

Morning Real Estate Fix


Office market recovery continues into 3rd quarter (Costar)  The national trend of office space absorption seems to keep a respectable pace in the third quarter despite a very slow start at the beginning of 2012.

FHA mortgage rates at new lows (Daily Mortgage Reports)  The cost for the low-downpayment loans has been dropping, though the cost of mortgage insurance premiums has been wiping out those savings.

Architects' billings at 2 year high thanks to multi-family (Costar) September numbers were the highest since August 2010 for billing by architects, suggesting a coming surge in multi-family buildings nationwide.

Washington D.C. takes 2nd place in commuting survey (Atlantic Cities) While NYC leads the pack, by far, the DC metro region takes a distant - if convincing - 2nd place in number of people that commute to work downtown.  But walkers are more scarce.

Edens announces opening of Mosaic (Wall Street Journal)  The formal announcement is of 11 stores, including Target, with several more opening in November.

CNN Headquarters sells for $106m (Washington Post) Norfolk-based Harbor Group International purchased the building 99% occupied.


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