WASHINGTON, DC-The National Low Income Housing Coalition says Bush's Urban Homesteading Act proposal for replacing low-income housing devastated by Hurricane Katrina is commendable but insufficient.
WASHINGTON, DC-The National Low Income Housing Coalition says Bush's Urban Homesteading Act proposal for replacing low-income housing devastated by Hurricane Katrina is commendable but insufficient.
BALTIMORE-The Hampton Inn & Suites Baltimore Inner Harbor trades for $16.3 million. The 116-room property, located in the middle of the financial district, occupies an historic structure that was redeveloped for the hotel's occupancy in 2004.
WASHINGTON, DC-President Bush signs off on the Base Realignment and Closure Commission's list of recommendations. The number of major military bases to be closed is one-third less than the number of bases recommended for closure by the Defense Department and will result in a savings of $35.6 million over the next 20 years.
ARLINGTON, VA-Hotel REIT MeriStar Hospitality Corp. brings refinancing of its $300-million commercial mortgage-backed securities loan to a close. The loan had been secured by 19 of the REIT's properties.
WASHINGTON, DC-In its Commercial Real Estate Spotlight, the National Association of Realtors points to a sharp increase in demand in most areas of commercial real estate in regions surrounding the Louisiana, Mississippi and Alabama markets that were hit by Hurricane Katrina.
WASHINGTON, DC-The US division of the Open Standards Consortium for Real Estate joins forces with the Appraisal Institute to establish comprehensive international data standards for the commercial real estate industry. The organizations' first workgroup begins today and will occur on a weekly basis.
BALTIMORE-The Baltimore Development Corp. pushes the construction of the Baltimore Convention Center Headquarters Hotel forward with the selection of Hensel Phelps to head up the design-build responsibilities for the $305-million project. The 750-room property is scheduled to debut in 2008.
GAITHERSBURG, MD-The West Deer Park Apartments comes under new ownership with the conclusion of a $23-million deal. A 198-unit multifamily complex of seven structures, West Deer was snapped up by the seller last year for about $17.3 million.
WASHINGTON, DC-In response to the sudden loss of housing triggered by Hurricane Katrina, the National Low Income Housing Coalition calls on the White House and the US Congress to create a national housing unit that unifies housing-related functions of various government agencies.
