(November 11, 2009) - The Humanities Council of Washington, D.C., in conjunction with the National Trust for Historic Preservation, will host a House History Workshop at the Martin Luther King Memorial Library's Washingtoniana Room (9th and G streets, Northwest, third floor, on Nov. 21 from 10 a.m.-2 p.m.
(November 11, 2009) - The nonprofit Enterprise Community Partners will be holding free workshops beginning Nov.18 and 19 to educate clergy about how to develop affordable housing.
(May 18, 2009) - Dorsey & Whitney is relocating its Washington, D.C. practice from 1050 Connecticut Ave. to 1801 K St., a CBD office building that is nearly 600,000 square feet, GlobeSt.com reports.
(May 18, 2009) - CresaPartners is increasing the number of AP accredited professionals on its local staff, GlobeSt.com reports. The Washington-area office had four employees--Chris Finley, Chilton Griffin, Lauren Hodgin, Aaron Berkey--receive the special designation from the USGBC.
(May 18, 2009) - Whiting-Turner has been awarded a $133-million contract to build the District’s Consolidated Forensic Laboratory, a 287,000-square-foot, six-story structure that will ultimately cost the District $220 million including specialized equipment, GlobeSt.com reports.
(May 18, 2009) - An LLC has acquired a 50,000-square-foot office building in Gaithersburg, Md., for $9 million, GlobeSt.com reports. The purchaser, Broad Street Ventures LLC, founded by Michael Jacoby, simultaneously signed a 10-year lease with MedImmune to occupy the entire facility.
(May 18, 2009) - Walt Disney Co. plans to build a 500-room hotel on 15 acres at National Harbor in Prince George's County, the Washington Business Journal reports. Disney is reportedly paying $11 million for the land.
(March 17, 2009) - Hilton Hotels Corp. will relocate its corporate headquarters to Park Place II in Tysons Corner, the company announced last week.
(March 17, 2009) - According to a report from globest.com, Federal Capital Partners has purchased a $28 million senior secured mortgage loan on an existing residential project in Arlington, Va.
(March 17, 2009) - Four Washington area firms are partnering to form a distressed asset consultancy called Distressed Asset Recovery Team, the {Washington Business Journal} reported. The four companies are Beers and Cutler, Delta Associates, Fore Consulting and BlackwellAdvisors.
(March 17, 2009) - The number of homes sold in Northern Virginia rose 10 percent in February, as buyers continued to take advantage of falling prices, a {Washington Business Journal} report said.
(March 17, 2009) - A high-rise multifamily property in Laurel, Md., is under contract to close within the six weeks, a globest.com report said. Valued in the $24 million range, it is being acquired by a private sector buyer, Drew White, executive director of Cushman & Wakefield’s Capital Markets Group.
(February 11, 2009) - Hilton Hotels Corp. will relocate its headquarters from Beverly Hills, Calif. to the Washington, D.C. area, GlobeSt.com reported.
(February 11, 2009) - American Community Properties Trust, a locally-based company, has secured $25 million in financing from a U.S. Housing and Urban Development program for multifamily construction, globest.com reported.
(February 11, 2009) - In a recent Forbes magazine article listing the least and most expensive metropolitan areas for renters, the District, southern Maryland and Northern Virginia came in at No. 3 for high-priced rent costs.
(February 11, 2009) - Three planned development projects have Herndon, Va. representatives worried about future impacts on its residents, a report from the Fairfax Times said.
(February 11, 2009) - The Washington Center for Internships and Academic Seminars plans to begin construction on a 140,000-square-foot housing facility in the NoMA neighborhood,...
(February 11, 2009) - The Utne Reader, a magazine covering lifestyle, political and cultural trends, recently named Montgomery County, Md. the No. 1 “enlightened” suburb, based on its green living options and affordable housing.
(December 17, 2008) - As part of the District’s Great Streets Initiative’s Neighborhood Retail TIF program launched earlier this year, the D.C. Council is still accepting applications for $85 million in tax incremental financing to revitalize certain neighborhoods in the city, reports from globest.com said.
(December 17, 2008) - The Montgomery County Council passed legislation Dec. 9 restricting the size of homes built on tear-down lots in sections of the county, the {Washington Business Journal} reported. The ordinance also applies to major renovations.
(Dcemeber 17, 2008) - VA-KTA Group, a locally-based engineering consulting and design firm, has signed on for a 20,676 square-foot lease at Dulles View, an edifice owned by Chicago developer Fifield Cos., according to reports from globest.com.
(December 17, 2008) - Prince George’s County government is consolidating several offices in the local market at a new building called Inglewood Office Center 2, according to globest.com.
(December 17, 2008) - Washington Adventist Hospital in Takoma Park, Md., was given the OK by Montgomery County to move its overcrowded, inaccessible hospital to White Oak, the {Washington Business Journal} reported.
With regulators openly criticizing the anti-consumer nature of the real estate closing process–– the high cost of title insurance and the title insurance industry overall–––Entitle Direct Group is improving the consumer experience by empowering homebuyers to monitor their home closings and save on their title insurance.
With regulators openly criticizing the anti-consumer nature of the real estate closing process–– the high cost of title insurance and the title insurance industry overall -- Entitle Direct Group is improving the consumer experience by empowering homebuyers...
D.C. Mayor Adrian Fenty recently announced a zoning agreement with Florida Rock Properties, the Maryland developer planning a 1.1 million square-foot mixed-use development on the Anacostia River near the Nationals Park.
In August, Holy Cross Hospital announced plans to build a new hospital in Germantown and expand its existing Silver Spring facility, with both projects costing around $476 million, the Washington Business Journal reports.
The American Planning Association has named the Wilson-Boulevard-Clarendon Boulevard corridor in Arlington one of the 10 great streets in the country for 2008, reports the Washington Business Journal.
The Department of Housing and Community Development (DHCD) and the Department of Mental Health (DMH) recently announced the release of a Request for Qualifications (RFQ) for a new Housing Improvement Program initiative (HIP).
Northeast Washington’s Wheeler Terrace Apartments will make history this week, becoming the first LEED certified affordable housing community by the U.S. Green Building Council in the District.
According to reports from GlobeSt.Com, the District government is seeking a partner for its latest redevelopment project, a $170 million rebuilding of the Park Morton public housing complex on the Georgia Avenue Corridor.
The State Teachers Retirement System of Ohio, owners of Ballston Station, have inked a deal to lease with Management Sciences for Health to occupy 37,791 sq. ft. in the building, reports from GlobeSt.com show.
Reports from the Maryland Department of Transportation say the East Campus portion of College Park, Md, which currently houses a few maintenance buildings and a bus depot, may be transformed into a thriving district with retail sites, a Birchmere Music Hall, movie theatre and housing.
Lerner Enterprises is beginning construction on its latest hotel development in Rockville, Md., reports from GlobeSt.com report. The edifice will be a two-tower structure with 199 rooms divided between two brands.
An affiliate of Erkiletian Construction Company recently acquired a warehouse in Alexandria, Va. For $18 million, or $182 per sq.ft, reports from GlobeSt.com report.
According to reports from GlobeST.com, Florida-based residential real estate investment firm Starwood Land Ventures recently formed a joint venture with the locally-based group Penrose Group.
A Baltimore group providing assistance for the homeless is expected to start construction on a $15.5 million facility that will offer healthcare and social training for the area’s homeless population, a report from the Baltimore Business Journal says.
Home prices in the Baltimore metropolitan area continued a steady decline for the ninth straight month in July, data released from Metropolitan Regional Information Systems Inc reports.
In hopes of relieving a sever parking crunch at Aberdeen’s MARC station, the Maryland Transit Administration has proposed the addition of 165 parking spaces,...
A year after Baltimore passed a law intended to maintain affordable housing for working-class families, City Hall is attempting to create at least 200 affordable homes and apartments near the residential project proposed for the Westport neighborhood,...
The federal government recently unveiled a strategic program to aid struggling mortgage lenders Fannie Mae and Freddie Mac. The initiative would assist the companies by urging new authority to lend them money and even buy their stock.
Recent reports from Globe St.com show First Potomac Realty Trust has renewed more than 170,000 square feet with Stock Building Supply on Edsall Road in Alexandria.
According to reports from GlobeSt.com, Freedom Ford car dealership, located in a highly populated section of Norfolk, Va., has been acquired by Marcus and Millchap’s National Retail Group in Manhattan for $10.3 million.
Capitol Yards, a $500 million development between the U.S. Capitol and the Washington Nationals Ballpark is nearing completion, reports from GlobseSt.com say.
After steady rounds of complaints from consumers and defaulting on several contracts, Lanham homebuilder Derek A. McDaniels, owner of McDaniels Homes, may lose his license.
Developers of the expansive, waterfront National Harbor deals have come under fire from legislators, many who argue the $4 billion project should renegotiate contract rulings with minority-owned companies.
Developers of the expansive, waterfront National Harbor deals have come under fire from legislators, many who argue the $4 billion project should renegotiate contract rulings with minority-owned companies.
The Washington D.C. based Holliday Fengolio Fowler (HFF) office recently announced that it secured $80 million in financing for Rockwall I and II. The buildings are 345,885 square feet and are located in the thriving Bethesda community.
Lowe Enterprises Real Estate Group will spend $28 million to remodel towers in Crystal City, Va. Lowe owns the two tours, Century Center One and Two which consist of more than 560,000 sq.ft. of retail and office space.
By James Wright
AFRO Staff Writer
When Floyd Myers was in the fifth grade, he asked his teacher what he needed to do to become a millionaire.
By Alan Fram
AP Writer
One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis.
In the last five years, thousands of apartments in the District have converted from rental housing to condominiums, forcing tenants to vacate and in many cases, relocate.
By James Wright
AFRO Staff Writer
When Yvette Washington bought her home in the Perrywood section of Upper Marlboro, Md. In Prince George’s County, she thought things were going to be fine.
WASHINGTON, D.C. (April 14, 2008) – African American, Hispanic and Asian real estate professionals believe that new lending policies have unintended consequences for vulnerable minority and low to moderate income families, according to a survey of 1,135 combined members of the National Association of National Association of Real Estate Brokers (NAREB), Hispanic Real Estate Professionals (NAHREP), and the Asian Real Estate Association of America (AREAA).
By DAVID BAUDER
AP Television Writer
NEW YORK (AP)—Real estate may have cooled considerably as an investment, but not real estate television.
House flipping and home renovation programs are still big hits on cable. While “for sale” signs sprout on lawns across the country, TV programmers are like developers who plow ahead with new housing projects anyway.
HomeBucks Realty helps make the American Dream come true
By Tracy Ward
Special to the AFRO
Drive through the city and you can’t help but notice the abundance of boarded up homes, or houses with foreclosure and “For Sale” signs in front of them. Pick up a newspaper, or watch the news and you too will be convinced that now is not the time to consider purchasing a home.
DC USA hailed as economic engine in fast gentrifying northwest community
By Valencia Mohammed
AFRO Staff Writer
District shoppers, from as far as southeast Washington, traveled to Columbia Heights on March 8 to witness the grand opening of the city’s largest retail development. Columbia Heights, located in Ward 1, is one of the fastest gentrifying areas in the District where once-majority Black neighborhoods have become dominated by Whites and Hispanics.
Officials say more benefits in the long run for Benning Road residents, commuters, schoolchildren
By Valencia Mohammed
AFRO Staff Writer
If you're planning on traveling across Benning Road, N.E. during normal working hours, you might want to consider another route. Benning Road, known for its wide streets, is getting a "total makeover" from 16th Street on the northeast side to Southern Avenue, S.E.