Thursday, June 14, 2007

Washington's Drab Concrete Office Buildings Get Neon, Glass Makeover

(Bloomberg) -- Washington's drab commercial office
buildings are getting a face-lift, with New York real estate
firms driving the glass, steel and neon overhaul.

Blackstone Real Estate Advisors and Tishman Speyer
Properties LP are among real estate investment trusts snapping
up more than $4 billion of property in the U.S. capital in the
past year, drawn by lease rates that are the second-highest in
the U.S., behind only those of Midtown Manhattan.


Read more at Bloomberg Exclusive News

No comments: