Friday, December 07, 2012

Morning Real Estate Fix


Political uncertainty affecting DC's real estate market (REIT.com)  As the fiscal cliff approaches, some landowners are seeing a lack of willingness to sign on for a new term.

Staff recommends approval of Bergman development (Arlnow) The Lee Highway project in Arlington would have 200 apartments and a small grocery store in a 10-story building.

Another restaurant announced at Yards Lumber Shed (JD Land)  Agua 301 is the next concept from the owner of Zest Bistro.  The new restaurant is destined for the newest retail building in the Yards, according to a press release by Forest City.

Apartment and condo market remains steady in the 3rd quarter (National Assn of Home Builders)  For the third straight quarter the index is in positive territory in its measure of builder sentiment about market conditions.

Why can't we build enough housing?  (Greater Greater Washington)  Supply is well below demand in the DC area.  One of the reasons is the process of getting housing past the locals.

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