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Washington Real Estate Search Resource News

Washington Real Estate Investment Trust Acquires 2445 M Street for $181.4 Million (Business Wire via Yahoo! Finance)
ROCKVILLE, Md.----Washington Real Estate Investment Trust has acquired 2445 M Street, a Class A office building with a two-level parking garage in Washington, DC for $181.4 million. 2445 M Street is located in the established West End neighborhood, on the northeast corner of 25th and M Streets, strategically positioned between Georgetown and the Central Business District.
12/03/2008    

Shauna Anderson, Queen of Chitlins, Sues Flamboyant Restaurant Owner Jackie Greenbaum-Higgins for Real Estate Fraud (BlackNews.com)
Washington, DC (BlackNews.com) - In 2006, Shauna Anderson purchased a home in NE Washington DC from licensed real estate agent and restaurant owner Jackie Greenbaum-Higgins (Jackie's and the Quarry Tavern) and her brother, Richard Greenbaum.
12/03/2008    

In Washington, real estate agents switch to smaller firms, or quit (BizJournals)
For real estate agents battling one of the worst housing market downturns in recent memory, the future holds two options: Get out of the business or figure out a way to survive.
12/01/2008    

Drugs, death and a bad market: Even the feds aren't immune to the woes of Detroit real estate (Minneapolis-St. Paul Star Tribune)
DETROIT - Federal prosecutors twice pursued a former autoworker suspected of running a multimillion-dollar drug operation. The first attempt fizzled when Clarence Carson died shortly after an indictment. The second? Blame it on the collapse of Detroit's real-estate market.
12/04/2008    

Tokyo Replaces Shanghai as Best Asian City to Buy Real Estate (Bloomberg)
Dec. 4 (Bloomberg) -- Tokyo overtook Shanghai as the best Asian city to buy real estate as investors seek less risky investment for 2009, a survey by the Urban Land Institute and PricewaterhouseCoopers LLP showed.
12/03/2008    

Washington banks trail industry in key indicators (Seattle Times)
Banks in Washington as a group lag the industry in profitability and have a higher share of sour loans than the national median.
12/04/2008    

Tokyo is best Asian city to buy real estate (Business Times (Malaysia))
TOKYO overtook Shanghai as the best Asian city to buy real estate as investors seek less risky investment for 2009, a survey by the Urban Land Institute and PricewaterhouseCoopers LLP showed.
12/03/2008    

QUICK POLL (GlobeSt.com)
WASHINGTON, DC-The Washington Real Estate Investment Trust has closed on its purchase of 2445 M St. for $181 million. The firm entered into a purchase agreement with a private equity firm called Broadway Partners this summer to buy the approximate 290,000-square-foot, West End office.
12/04/2008    

Falling behind Real estate tax collections slow: Delinquent parcels up 36 percent over last year (NWAnews.com)
Real estate tax collections in Washington County have fallen behind last year?s pace, and the number of parcels with delinquent taxes has jumped significantly. (Northwest Arkansas Times)
11/30/2008    

Bahamian dishes fill and fortify at Arline's (Miami Herald)
Fill your belly and satisfy your soul with a bowl of ''boil fish'' anchored by planks of grouper in a light broth sparked with lime at Arline's Restaurant and Seafood in Miami Gardens. This family place is owned by Prancetta Washington, a real estate agent who runs it with help from an army of aunts and cousins and on weekends, her husband, Rawn, a longshoreman.
12/04/2008    

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