DOJ Developer in NoMA unable to secure financing: Despite having a government anchor tenant, StonebridgeCarras has been turned away by two banks for their Constitution Square project in NoMA. This project includes a Harris Teeter that would be a 5 minute bike ride from the Triangle.
Oversupply of luxury rentals: WBJ’s Mara Lee talks to real estate insiders who suggest that for at least the next three years, and possibly longer, there will be more supply than demand for high-end apartments in the Washington area.
The Stock Market tank will slow down Luxury housing sales: FranklyRealty asks who is going to unload their stocks down 25-45% to buy a house? Answer – damn few.