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Average U.S. 30-year mortgage rate falls to 4.27 pct
Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Real Estate Weekly – 4/11/14
First Potomac Realty Trust acquires historic D.C. building First Potomac Realty Trust, of Bethesda, a real estate investment trust that owns office and business park properties in the Greater Washington, D.C., area, announced its acquisition of 1401 K St. N.W., a 12-story, 117,093-square-foot office building in the heart of downtown. The purchase price was $53 […]
Feld Entertainment to occupy Howard Co. site in reuse of brownfield
Feld Entertainment Inc. has a new home in Howard County that will allow the production company to move items, such as the stuffed elephants sold during Ringling Bros. and Barnum & Bailey circus performances, more efficiently.
Real Estate Weekly – 4/4/14
Construction of regional bus maintenance facility underway Construction has started on a $14.8 million Regional Transit Maintenance Facility in Savage that will provide a centrally located facility for the repair and cleaning of buses. A groundbreaking ceremony was held on March 28, attended by several members of the Maryland congressional delegation as well as the […]
On buyer, seller side, housing ‘in a funk’
Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.
W&D lends to Connecticut redevelopment
Walker & Dunlop Inc., of Bethesda, a real estate lender focused on multifamily loans, said it provided $37.2 million in FHA-insured mortgage financing as part of a multi-prong effort to convert a vacant 26-story office tower in Hartford, Conn.’s central business district into apartments.
Average U.S. 30-year mortgage rate rises to 4.41 pct
Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.
Gloomy forecast for new condo market
The sluggish condominium market in the Baltimore metro area is likely to remain that way, as sales are expected to drop this year, primarily because of a lack of attractive new units.
A macabre comparison
Councilwoman Mary Pat Clarke has a way with words, and may have had one of her darker moments when lobbying against an appeals board granting a zoning variance for Crittenton Place in Hampden.
Real Estate Weekly – 3/28/14
Nine jurisdictions added to Sustainable Communities roster Gov. Martin O’Malley’s Smart Growth Subcabinet added nine localities to the roster of Sustainable Communities, bringing the total number to 64. Each of those communities has developed and committed to a revitalization and reinvestment plan that supports principles of sustainability. Designation as a Sustainable Community entitles the j[...]
Terreno Realty buys Hanover warehouse
Terreno Realty Corp., of San Francisco, a real estate investment trust that owns and operates industrial real estate in the Baltimore-Washington corridor and five other East Coast locations, said it has acquired a 159,000-square-foot industrial distribution building in Hanover.
25th Street Station hearing delayed
The lawyer for the developer of a proposed Wal-Mart-anchored shopping center in Remington agreed to delay a city board hearing Tuesday night after residents objected to only three board members deciding the appeal.
