Tuesday, May 29, 2012

Morning Real Estate Review

Builders woo buyers with smaller floor plans (Washington Post)  Builders are finally stepping away from McMansions as recession-era buyers focus on practicality, affordability.

Lehman buys remaining stake in Archstone (Reuters)  Lehman pays $1.58 billion for the last chunk of the apartment giant.

Rents higher near White House, Capitol (Washington Post) Shockingly, a Costar report says that rents are higher near the centers of power.   Rents seem to be at even more of a premium during the Obama administration than they have during previous presidencies.

Texas steakhouse to sign on as first retail tenant in CityCenter project (Washington Post) The Dallas-based restaurant group will take 17,000 s.f., though a lease has not yet been signed.

Housing prices showing signs of stability (Wall Street Journal) As affordability has steadily improved, numerous housing indicators show that prices are starting to trend upward in pockets throughout the United States.


Adam L on May 29, 2012, 8:50:00 AM said...

Great. Another steakhouse. And a chain at that. Then again, we can't really expect much else given the astronomical rents downtown.

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