Thursday, December 06, 2012

Morning Real Estate Fix


City sells Capitol Crossing Development site for $1.3b (Commercial Property Executive)  Developers Property Group Partners (formerly Louis Dreyfus) close on the purchase of air rights for the 2.2m square foot mixed use project that will rise over the I-395 freeway.

Jamestown trades Madison Hotel to Loews (Costar) Jamestown unloads the 356 room hotel downtown that it picked up for $120m in 2011, then renovated.

Short sales surge as tax breaks expire (Bloomberg) The sale of underwater property surges by 35% over last year, as uncertainty about taxes, and a likely tax hike, loom.

Mortgage demand rises to high (Realtor) Loan applications rose for the 4th consecutive week, marking a high point for 2012, according to Mortgage Bankers Association.

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