Thursday, March 22, 2012

Morning Real Estate Review

Commercial real estate investment declines in February (Costar) Investment and real estate transactions in commercial sector are down from January and from last February due to a widening gap between buyers and sellers.

Akridge abandons Falls Church project (Falls Church News-Press) The Gateway was to be a 2-building project with 200 residential units and 76,000 s.f. of retail and office, but the developer was unable to obtain financing for the commercial portion.

Smaller homes, urban lifestyle attractive to new buyers (HousingWire) While home ownership rates are falling, lifestyle and affordability are trumping yards and size.

Could DC soon become a renter's market? Yes and no (Washington Post) Despite increasing supply of multi-family housing, the DC market has not been kind to renters and continues to attract outsiders.

Architectural billings stay positive for 4th straight month (HousingWire) Study by American Institute of Architects shows that commercial sector is keeping architectural spending on the rise.



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