Monday, November 05, 2012

Morning Real Estate Fix


Washington Times plant sells for $14.6m (Washington Business Journal)  The warehouse at 2850 New York Ave, once owned by the Times, was picked up by a Colorado-based investment trust.

Vornado says 2014 will be turnaround year for BRAC recovery (Washington Business Journal) The New York based real estate investment trust says 2.4m s.f. of its space will have been impacted by federal tenants relocating onto federally owned property, but it is starting to make headway on replacing them, a process that will take years.

Commercial loans - demand and supply up (Globe Street) A recent report by the FRB says commercial lenders are easing standards to provide more loans, and that developers are taking them up on the money.

Branding:  the next big thing in real estate (CNBC)  Celebrity branding of luxury projects has been catching on internationally, with exclusive amenities, with some suggesting it can raise the value of a building by a third.

Architects billing up in September (Architect Magazine)  For the first time in 5 months, the AIA index on architectural billings was positive.

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