Friday, March 23, 2012

Morning Real Estate Review

GSA buys Columbia building for $99m (Costar) Intended for the Justice Department, feds buy the 15-story 511,000 s.f. office building at 2401 E Street.

February home sales drop (The Bulletin) After a strong January, existing home sales fall back a bit in February.

Office rents decline in DC area (Washington Business Journal) Large move-outs in Northern Virginia help suppress office prices throughout the area.

Gray, Council urge Redskins to build in southeast DC (WJLA) The Mayor pushes for team to bring economic revitalization to Reservation 13 on the Anacostia, but some locals are skeptical that training facilities would contribute to the area.

Catholic U looks to densify, reconfigure (CityPaper) CU wants to demolish unremarkable buildings and rebuild, and redo pedestrian routes across campus.



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