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Just Listed in Arlington

by ARLnow.com Sponsor — May 22, 2015 at 5:00 am 0

Just Listed banner

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

For buyers of homes in Arlington, there is good news this week… and bad news.

Buyers should be thrilled to see 94 new listings this week at all price points providing lots of fresh choices. But buyers this week also saw their purchasing power drop as mortgage interest rates took a sharp turn upward.

The 30-yr fixed rate mortgage is now averaging over 4% at about 4.125%. And for now, it appears rates may continue to inch upward in the coming weeks. That may have influenced buyers to ratify 77 contracts this week and lock in rates before they climb further.

The average list price for ratified contracts this week mover higher at $679,457. The average days on market for homes ratified stands at 37.

The listing of the week: the $4 million contemporary townhouse perched on the bluffs above the Potomac River on Chain Bridge Rd.

You can access all active listings in Arlington on the Cathell Team website.

by ARLnow.com — May 19, 2015 at 9:00 am 2,274 0

Rainbow over D.C. on 5/18/15 as seen from Rosslyn

Taste of Arlington Winners — The judges at Sunday’s Taste of Arlington event in Ballston selected four winners among the dozens of restaurants that participated. Il Forno won for Best Appetizers, Liberty Tavern won for Best Fast Casual, Water and Wall won for Best Fine Dining and Northside Social won for Best Dessert.

Real Estate Prices Rise — Real estate prices in Arlington continue to rise. The median home sale in Arlington between January and April was $545,000. That’s up 9 percent year-over-year. [InsideNova]

Clarendon Real Estate Was a Bargain in 1900 — Clarendon is full of nice restaurants, luxury condos and million dollar homes now, but in 1900 it was an emerging suburban community with vacant land for sale. How much were plots of land going for? Between $90 and $140. [Ghosts of DC]

Presidential Candidate in Arlington TodayMark Everson, a former IRS commissioner and a candidate for the 2016 Republican presidential nomination, will speak and greet supporters at a $100-a-head reception in Courthouse today. The event is being held from 6:30 to 8:30 p.m. at Courthaus Social, 2300 Clarendon Blvd. [Mark Everson for President]

APS Educator Named Top Hispanic Teacher — Arlington Traditional School art teacher Veronica Perez has received the Victoria D. de Sanchez Northern Virginia Hispanic Teacher of the Year Award. [InsideNova]

by ARLnow.com Sponsor — May 7, 2015 at 5:00 am 1,228 0

Quickly becoming a highly anticipated event right here in Arlington, the annual Sagatov Design + Build Tour of Homes will take place this weekend.

On Saturday, May 9, from 12-4 p.m., Sagatov Design + Build will be opening three of their most recent designs for the public to walk through and enjoy.

Three stunning homes will be featured throughout the afternoon. This year’s lists of homes include a new build running without the use of fossil fuels. The Net-Zero home is designed with a vintage-industrial feel throughout. The second home is a beautiful mid-century renovation, followed by a modern farmhouse remodel with incredible design elements throughout.

A design firm to its core, Sagatov Design + Build is enhanced by a coordinated team of professionals able to deliver sustainable, architecturally interesting, modern homes, along with cohesive interior design, and landscaping services. Few design or build firms are able to deliver this level of coordinated production from beginning to end.

“Nothing makes me happier than reorganizing or redesigning a problem to squeeze more efficiency out of a situation” remarked company principle Yuri Sagatov.

Locations:

The preceding article was written and sponsored by Sagatov Design + Build

by ARLnow.com Sponsor — April 29, 2015 at 5:00 am 1,747 0

Nestled on a beautifully landscaped 8,620 sq. ft. lot, this home is located on one of the loveliest streets in Lyon Park.

Ideally situated on a quiet numbered street, the home is a little more than 0.6 miles from the Metro, Trader Joe’s and Clarendon’s bustling urban village and is down the street from Lyon Park’s Community Center and playground. Clay and Rockwell parks are also in the neighborhood. Jogging and Biking paths are close by.

The classic colonial, circa 1937, has curb appeal to spare. It is the perfect blend of old fashioned charm and modern conveniences. With an impressive two-story 2001 addition designed and built by Case Builders, the home features 4 bedrooms, 3.5 baths and a gracious main living area with a circular open floor plan.

The expanded home has everything you could want; an updated kitchen with new granite countertops and stainless steel appliances; inviting living & dining rooms; open family room looking out on the lovely backyard; a bright office filled with natural light; white oak hardwood floors throughout the home, wonderful built-ins; two wood burning fireplaces; finished basement; two-zoned heating & cooling; and a lovely flagstone patio and open frame porch with trex floorboards, perfect for entertaining.

The large fenced in backyard is an outdoor lovers’ paradise. A detached garage with workshop area, connected to the house via a breezeway, and a separate outside area for storing garbage and recyclables, makes this home the complete package. Additional amenities and perks include the tumbled marble vanity in the master bathroom,  main floor & backyard wired for sound, security system, and an Overlee Pool Association membership option to convey (negotiable). Overlee is a terrific pool community complex with active swim team.

Long Branch Elementary and Thomas Jefferson Middle School (an IB Middle School Program) are a short walk, drive or bike ride away. Popular Washington-Lee High School, which houses the county’s IB High School program, is the neighborhood high school.

According to Walkscore.com, the property has an excellent bikeability score of 81. The walkable score is 75.

Offered at $1.22 million. For more information or to schedule a showing please contact Natalie Roy via email at [email protected] or by phone at 703-819-4915.

There will be an open house for 3111 4th Street N. this Sunday, May 3rd, from 1-4 p.m.

by Ethan Rothstein — April 14, 2015 at 10:15 am 2,471 0

Rosslyn skyline at dusk(Updated at 2:20 p.m.) Arlington’s vacancy rate continues to rise, wages and jobs are down, but new Arlington Economic Development Director Victor Hoskins is brimming with optimism.

Hoskins started his new position 10 weeks ago, succeeding the late Terry Holzheimer, who helmed AED for nine years. Hoskins said Arlington didn’t necessarily do anything wrong under Holzheimer and interim director Cindy Richmond, but it could have done more to position itself for the future. The energetic Hoskins decided to quote Wayne Gretzky to make his point.

“You’ve got to be able to go where the puck is going,” he said. “Arlington didn’t do that.”

Because Arlington’s economic development plan was too stagnant and dependent on the federal government, “the bottom dropped out” of the commercial real estate market when the Base Realignment and Closure Act left 3 million square feet of office space vacant. That would leave any jurisdiction in a lurch, but Arlington has yet to recover.

In the latest AED economic indicator report, Rosslyn is reported at 28.7 percent vacant, up from 24.9 percent last year. Ballston is at 19.7 percent, up from 14.7 percent last year. The county as a whole is now at 20.5 percent vacant, up from 19.3 percent last year. The only sector that gained commercial tenants was Crystal City, whose vacancy rate dropped from 23.6 percent to 23.

According to AED Deputy Director Alex Iams, the Department of Defense didn’t just leave Arlington, it left some of the hardest buildings to fill in Arlington.

“The average vintage year of the office space left by BRAC is 1974,” he said. “The buildings that are less than 10 percent vacant are 98 percent occupied. In the buildings with more than 10 percent vacancy is where the bulk of the vacancy lives, about 8.6 million square feet.”

Arlington isn’t just losing office space, it’s losing office workers, too. Total employees in the county were down 1.4 percent in the second quarter of 2014 from the previous year, according to the Virginia Employment Commission; a net loss of 1,841 jobs. Wages also dropped slightly, from a weekly salary of $1,520 in 2013 to $1,511 last year.

Despite these foreboding economic indicators, optimism is high around AED. There are more than 10 million square feet of office space in the development pipeline, including almost 600,000 currently under construction. Arlington’s office costs are cheaper than D.C. and comparable to the other inner suburbs, an AED study found, and the whole region is struggling to gain new tenants to make up for BRAC and sequestration losses.

Arlington Economic Development Director Victor Hoskins (photo courtesy Arlington County)But Hoskins is presenting a plan he calls “The Way Forward” to drag the county out of its commercial real estate doldrums. It includes an aggressive — and expensive — rededication to economic development. Hoskins’ goal: fill 4.5 million square feet of office space in the next three years.

“You have to think a different way or you will lose,” he said. “We are going after the market. We can’t sit here and wait for the market.”

He has three solutions, which he calls a 100 percent solution, a 50 percent solution and a 25 percent solution. The 100 percent solution includes an additional $3.95 million for economic development every year for the next three years, including a $1.4 million incentive fund and $1.2 million for business development, the equivalent of 10 new jobs.

AED forecasts the return on investment from this solution to be 4,000 jobs a year, and $20.6 million in tax revenue.

At 50 percent, Arlington would invest $1.45 million, not offer any incentive fund, instead focusing the money on business development, marketing and tourism promotion.

Hoskins has already made AED more aggressive. He sent Arlington’s first team to the annual SxSW conference in Austin, Texas, targeting the major tech companies and enticing them to move to Arlington. AED hosted a delegation from China looking to invest in the county, and he’s brashly confident about its possibilities.

“We’ll probably get 20 deals out of that,” he said.

Hoskins was brought in after serving as the head of economic development in Washington, D.C., where he brokered deals with international companies and tech incubators. He worked for less than a year as the economic development chief in Prince George’s County before being hired at the county, and he has interpreted his mission to change the way Arlington does business.

“The institution has to make a decision to change,” he said. “I believe changes are on the way. I have not gone to a place that did not change. That’s what I bring, but change is bumpy. You’re going to have conflict just because you are trying to get better, and that’s okay.

“We were standing still for a while,” he added. “Now we’re going forward.”

by ARLnow.com — April 14, 2015 at 8:55 am 2,082 0

Cherry blossoms and Arlington House (Flickr pool photo by Kevin Wolf)

New Metro Train Debuts on Blue Line — Metro’s new 7000-series train made its public debut on the Blue Line this morning. Riders welcomed the next-generation rail cars with generally positive tweets. [Storify, Twitter]

Home Prices, Sales Rise — The volume of home sales in Arlington in March was 219, which is up 25 percent year-over-year. Housing sale prices also rose. The average sale price of all residential properties was up 1.3 percent to $628,483. The average price of single-family homes sold in March, meanwhile, was $919,858. [InsideNova]

Arlington to Employ Ebola Monitor — The Arlington County Board this weekend is expected to approve the acceptance of a $30,970 state grant earmarked for Ebola monitoring. “Grant funds will support ongoing monitoring and response coordination efforts for travelers returning from Ebola affected countries,” according to the staff report. “The funding supports temporary employment of a Health District Monitoring Coordinator ($29,400) and related office supplies ($1,570).” [Arlington County]

W-L Grad Dies — A student who graduated at the top of his Washington-Lee High School class in 2013 has been found dead after taking his own life. The student was a sophomore at William & Mary and was active in various theater groups. [William & Mary]

by Ethan Rothstein — March 9, 2015 at 4:45 pm 3,703 0

The Key Bridge Marriott(Updated at 6:15 p.m.) One of the world’s biggest companies is looking for a new corporate headquarters, and Arlington wants to be in the running.

Marriott International occupies 900,000 square feet of office space in Bethesda, but CEO Arne Sorenson told the Washington Post last month that the hotel chain with more than $12 billion in annual revenue “will be moving.” Sorenson said he still wants the company to stay in the D.C. region, and made more comments sure to make Arlington real estate owners’ ears perk up.

“I think it’s essential we be accessible to Metro and that limits the options,” Sorenson told the Post’s Jonathan O’Connell. “I think as with many other things our younger folks are more inclined to be Metro-accessible and more urban.”

Sorenson also said Marriott has engaged with “local leaders,” but the company won’t move for several years; its lease in Bethesda expires in 2022.

A giant tenant like Marriott doesn’t come to market very often, and it would be a huge get for Arlington Economic Development, which is still reeling from the impending loss of some large tenants like the National Science Foundation. If the hotel chain moves its headquarters to Arlington, it could occupy almost triple the combined space of recently touted deals for Accenture (90,000 square feet in Ballston), CNA (175,000 square feet in Clarendon) and Graham Holdings (35,000 square feet in Rosslyn).

“Because Marriott is, from what I’m reading, a 700,000-800,000-square-foot group, they would sign a long-term deal with probably some new construction,” Arlington Chamber of Commerce Chairman Kevin Shooshan told ARLnow.com today. Shooshan is also the vice president of Shooshan Company, a Ballston-based real estate firm. “Because of the size of that deal, it’s very attractive to everyone involved in the real estate market. Marriott has good credit. It would be twice the size of [Rosslyn-based] Corporate Executive Board. All parties on the commercial side are interested.”

Shooshan said the number of jobs Marriott would bring — more than 2,000 work in Bethesda — could be a boon for the county’s economy, including the added employee spending on retail, restaurants and housing. Another benefit would be the real estate revenue. Arlington’s commercial real estate market has stagnated in recent years, and landing Marriott would be a financial windfall.

“A headquarters tenant like that brings in tens of millions of dollars in real estate taxes over a 10-15 year lease term,” Shooshan said, “and hopefully that term turns into a true long term headquarters location, resulting in hundreds of millions, not to mention more sales and entertainment spending, more residents, more traffic for hotels, restaurants, etc.”

Where could Marriott go in Arlington? Real estate publication Bisnow created a list of 16 potential places it could relocate in the D.C. area that fit its criteria, and four are in Arlington:

  • The site of the Key Bridge Marriott in Rosslyn, the longest continually operating Marriott in the company’s portfolio
  • 1812 N. Moore Street, the Monday Properties skyscraper in Rosslyn that opened in October 2013 but still sits vacant. That building holds 560,000 square feet, so it could be paired with planned, 513,000-square-foot redevelopment of 1400 Key Blvd just steps away
  • PenPlace in Pentagon City, a sprawling, 2.1 million-square-foot planned office park owned by Vornado and already approved by the Arlington County Board
  • Crystal City, where Vornado owns a number of office towers that are already vacant and ripe for redevelopment

Arlington Economic Development spokeswoman Cara O’Donnell couldn’t confirm if AED or anyone else from the county have been in talks with Marriott. She did, however, make it known that Arlington will be lobbying hard for the hotel powerhouse.

“Marriott’s corporate headquarters would be an ideal fit for Arlington,” O’Donnell said in an email. “We are known for our urban villages and metro accessibility, which have been cited as important factors both in Marriott’s search criteria and in hiring and retaining the best workforce.

“Arlington has several existing and build-to suit sites that accommodate Marriott’s needs for a corporate campus,” she added. “Additionally, Arlington is also already home to nine Marriott properties and 3,300 Marriott rooms. These factors all demonstrate Arlington would be a model location for a headquarters of a premier hotel operator.”

Marriott is expected to have its pick of just about every local jurisdiction, in Maryland, the District and Virginia. We’re told also Tysons Corner figures to be a premiere player with its new Metro stops and massive redevelopment plans.

Marriott’s decision is several years away, and the competition will only get fiercer. Although AED would not comment on what type of package it would offer Marriott, it’s worth looking at what CEB received in exchange for simply staying in the county and the state: $4.5 million from the governor’s office, $5 million from the Virginia Economic Development Fund and a pledge from Arlington County to match any funding for infrastructure improvements.

CEB’s 15 stories in the under-construction tower that will bear its namesake will contain 350,000 square feet of floor area. Marriott should occupy at least twice that. Wherever it goes, it likely will see a significant financial commitment from its new home.

by ARLnow.com — March 5, 2015 at 9:15 am 3,022 0

Snow on a residential area near Ballston (photo courtesy @Norr_Fit)

Nats Player’s Townhouse for Rent — A townhouse owned by Washington Nationals first baseman Ryan Zimmerman is available for rent. The three-bedroom home, at the Bromptons at Clarendon development, is listed at $5,750 per month. [Real House Life of Arlington]

Budget Cuts for ‘Complete Streets?’ Updated at 9:25 a.m. — As part of budget discussions, Arlington County is considering cutting $800,000 from its “complete streets” program, which funds pedestrian and bicycle improvements. The cuts would still leave $4 million in the program’s budget, however. The county is also considering eliminating two bicycle planning positions. [WAMU]

Arlington Home Show This Weekend — The annual Arlington Home Show and Garden Expo will be held Saturday from 10 a.m. to 5 p.m., at the Thomas Jefferson Community Center (3501 2nd Street S.). [Arlington Home Show]

Underground Bike Races in Crystal City — Every Wednesday night this month, Crystal City is hosting a series of bicycle races on the bottom level of a parking garage. The races are being dubbed “Wednesday Night Spins” and feature a course shorter than a kilometer with almost a dozen turns. [WJLA]

‘Honeysuckle Hill’ Property for Sale — A large property next across from Overlee Pool on Lee Highway is for sale for $3.325 million. The property is divided into four lots, one of which includes a 75+ year old Colonial Revival home that’s expected to be preserved. [Preservation Arlington]

Photo courtesy @Norr_Fit

by ARLnow.com Sponsor — March 3, 2015 at 5:00 am 0

Home buyer seminar

Are you considering buying a home in Arlington or the DC area in 2015?

If so, attend this Arlington home buyer seminar in Ballston tomorrow, Wednesday, March 4th.

Three industry experts – Joe Zamoiski of 1st Portfolio Lending, George Papakostas of Long & Foster, and George Glekas of GPN Title – will give an informative talk about the process of buying a home in Arlington. Joe, George, and George have years of experience between them in the Arlington market, not to mention hundreds of successful transactions.

They’ll cover the home-buying process in detail, including:

  • Identifying a home.
  • The offer, negotiation, and closing process.
  • Financing, including loan approval and figuring out what you can afford.
  • State of the Arlington market.

In addition to the above, the purpose of the seminar is to answer your questions. Attendance is kept low to allow ample attention for all attendees. You’ll have plenty of time to ask questions during the Q&A or afterwards if you’d prefer to ask a question privately.

Click here to register

The speakers will present for 45 minutes or so, after which there will be Q&A for 30 minutes, when the seminar officially ends. But Joe, George, and George will stick around as long as necessary to answer all questions.

More details:

  • Location: In Ballston at the Residence Inn Ballston, 650 N Quincy St, Arlington, VA 22203 (map).
  • Parking: Free, on site.
  • Metro-accessible: A few blocks from both the Ballston and Virginia Square stations.
  • Cost: $15 per person here, $20 at the door.
  • Food: Snacks and drinks will be provided.
  • Questions: Email [email protected] or call 703-842-1391.

Click here to register

The preceding post was written and sponsored by Urban Turf.

by ARLnow.com Sponsor — February 26, 2015 at 8:10 am 0

Home buyer seminar

Are you considering buying a home in Arlington or the DC area in 2015?

If so, attend this Arlington home buyer seminar in Ballston next Wednesday, March 4th.

Three industry experts – Joe Zamoiski of 1st Portfolio Lending, George Papakostas of Long & Foster, and George Glekas of GPN Title – will give an informative talk about the process of buying a home in Arlington. Joe, George, and George have years of experience between them in the Arlington market, not to mention hundreds of successful transactions.

They’ll cover the home-buying process in detail, including:

  • Identifying a home.
  • The offer, negotiation, and closing process.
  • Financing, including loan approval and figuring out what you can afford.
  • State of the Arlington market.

In addition to the above, the purpose of the seminar is to answer your questions. Attendance is kept low to allow ample attention for all attendees. You’ll have plenty of time to ask questions during the Q&A or afterwards if you’d prefer to ask a question privately.

Click here to register

The speakers will present for 45 minutes or so, after which there will be Q&A for 30 minutes, when the seminar officially ends. But Joe, George, and George will stick around as long as necessary to answer all questions.

More details:

  • Location: In Ballston at the Residence Inn Ballston, 650 N Quincy St, Arlington, VA 22203 (map).
  • Parking: Free, on site.
  • Metro-accessible: A few blocks from both the Ballston and Virginia Square stations.
  • Cost: $15 per person here, $20 at the door.
  • Food: Snacks and drinks will be provided.
  • Questions: Email [email protected] or call 703-842-1391.

Click here to register

The preceding post was written and sponsored by Urban Turf.

by ARLnow.com — February 12, 2015 at 9:20 am 2,717 0

The Pentagon

Long-Time Clarendon Shoe Store to Close — Public Shoe Store, at 3137 Wilson Blvd in Clarendon, is expected to close in May. The store, which primarily sells “comfort shoes,” has been in business for 75 years. Its owner, 82, is retiring and is looking for a new tenant for the building, which his family owns. [Washington Business Journal]

Home Sales Continue to Rise — The number of home sales in Arlington in January was up 10 percent and the average sales price up 18 percent compared to one year prior, according to new data. The average sales price for all properties is $621,242. For single family homes, it’s $932,253, a hike of nearly 25 percent compared to 2014. [InsideNova]

Highline Now OpenHighline RxR, Crystal City’s newest bar, is now open for lunch, dinner and drinks at 2010 Crystal Drive. [Twitter]

Arlington Store Makes Top Chocolate Shop List — Artisan Confections, at 1025 N. Fillmore Street in Clarendon, has been named one of DCist’s “favorite local chocolate shops.” The shop “specializes in handmade truffles formed into impeccable squares and imprinted with delicate geometric or nature-inspired patterns.” [DCist]

More Metro Issues — Due to a “medical concern” at East Falls Church, there were delays on the inbound Orange Line this morning. The delays resulted in a very crowded platform at Clarendon. Some delays were also reported on the Blue Line. [Twitter]

by Ethan Rothstein — January 26, 2015 at 2:30 pm 4,476 0

Arlington's residential assessment map, divided by "trend area"Arlington’s residential real estate assessments rose by 4.9 percent on average for 2015, but some of Arlington’s lowest-income neighborhoods, which can least afford the corresponding rise in property taxes, are experiencing the biggest spikes.

According to the trend map (left) provided by the county’s Department of Finance, the area hit hardest by the assessment rise was the southwestern-most part of the county, from Columbia Pike to the border with Alexandria (area 10).

The average assessment for this area rose 11 percent, from $362,527 to $402,404. Homes in this area were the least valuable on average in the county last year and, despite the $40,000 jump, are the least valuable this year. If the tax rate remains at around one dollar per $100 of assessed value, the owners of houses in this area will pay about $400 more on average this year than last year.

The area with the second-least valuable homes in the county is area 8, which includes the Columbia Heights West, Barcroft and Glencarlyn neighborhoods. The average assessment rose 9 percent in this area, from $388,215 to $423,115, or an average increase of about $350 in property taxes this year over last.

By contrast, the wealthiest area in Arlington — area 3 in the northernmost part of the county — experienced almost no rise in assessments. The average home was valued at $1,011,423 last year and $1,014,566 this year, a 0.3 percent increase.

The full list of changes, with area numbers corresponding to the above map:

  • Area 1: $713,202 in 2014; $748,523 in 2015; 5.1 percent increase
  • Area 2: $810,380 in 2014; $853,100 in 2015; 5.3 percent increase
  • Area 3: $1,011,423 in 2014; $1,014,566 in 2015; 0.3 percent increase
  • Area 4: $646,590 in 2014; $683,000 in 2015; 5.6 percent increase
  • Area 5: $698,305 in 2014; $710,175 in 2015; 1.7 percent increase
  • Area 6: $514,552 in 2014; $551,594 in 2015; 7.2 percent increase
  • Area 7: $554,480 in 2014; $598,880 in 2015; 8.0 percent increase
  • Area 8: $388,215 in 2014; $423,115 in 2015; 9.0 percent increase
  • Area 9: $410,274 in 2014; $438,993 in 2015; 7.0 percent increase
  • Area 10: $362,527 in 2014; $402,404 in 2015; 11.0 percent increase
  • Area 11: $524,082 in 2014; $553,954 in 2015; 5.7 percent increase

by ARLnow.com — January 22, 2015 at 11:00 am 2,342 0

Washington Free Beacon logoThe Washington Free Beacon, a conservative news website, is moving its headquarters from D.C. to Rosslyn.

The company, founded in February 2012, has signed a lease at 1000 Wilson Blvd, one of Rosslyn’s silver “twin towers.” About 25 employees are expected to move into the new office this spring, according to Free Beacon president Aaron Harison.

“I thought we were getting a lot more bang for our buck in Rosslyn,” Harison told ARLnow.com. The publication, described by its soon-to-be Rosslyn neighbor Politico as a “pot-stirring, hyper-conservative news and opinion site,” previously had offices on K Street NW in the District.

“We’re getting this great panoramic view of the whole city,” Harison said. “That’s something you don’t get in D.C.”

The Free Beacon recently transitioned from being a nonprofit organization, founded as a project of another conservative nonprofit, to being a for-profit entity. Harison said the new office will allow the publication to continue to grow.

“We really want to increase our footprint,” he said.

Harison, a Ballston resident, said the expanding Rosslyn restaurant and bar scene should help to ease the transition from D.C.

“We’re certainly going to be looking for a couple of new bars and restaurants to make our local haunts,” he said.

Rosslyn has become something of a minor media hub. Among the media organizations calling Rosslyn home are WJLA-TV, Politico, Washington Business Journal, ARLnow.com and Graham Holdings (owner of Slate, theRoot and Foreign Policy).

In addition to the Free Beacon, twin towers owner Monday Properties on Wednesday announced two other new leases at 1000 Wilson Blvd: Cobro Ventures, an investment and management company, and Riveron Consulting, a financial firm.

Monday will go before the Arlington County Board this weekend to seek permission to build a new roof deck on 1000 Wilson Blvd. That roof deck will be used by Sands Capital, an existing tenant, according to a spokeswoman.

Disclosure: Monday Properties is an ARLnow.com advertiser

by ARLnow.com — January 16, 2015 at 11:40 am 2,725 0

Personal property tax envelopeResidential real estate assessments for 2015 have risen 4.9 percent, Arlington County announced Friday morning.

Assessments county-wide rose 3.4 percent over 2014 values. The 4.9 percent rise in residential values (including condos, townhouses and single-family homes) was paired with a 4.7 percent rise in the assessments of existing apartment buildings.

Dragging down both was a 4.5 percent decline in existing office property assessments. Arlington County has been struggling with an office vacancy rate north of 20 percent.

“Arlington’s overall real estate market remains resilient,” Arlington County Manager Barbara Donnellan said in a statement. “The strength of our residential market balances the tremendous pressures we see in the office building market due to the effects of BRAC and regional competition.”

Real estate assessments are being mailed to all Arlington property owners today. The 2015 assessments will also be posted online and made available at 11:00 tonight.

Unless the Arlington County Board decides to lower the property tax rate, the rise in assessments will mean higher tax bills for homeowners. Either way, it should mean lower tax bills for commercial office building owners. Despite the rise in assessments, the county is still facing a multi-million dollar budget gap for its FY 2016 budget.

The full press release from Arlington County, after the jump.

File photo

(more…)

by ARLnow.com — December 11, 2014 at 9:35 am 1,916 0

Construction at Eads and 18th Street (Flickr pool photo by Erinn Shirley)

Arlington Firms Among ‘Best Companies to Work For’ — Two Arlington-based companies have made the annual list of the top 50 small and medium-sized companies to work for . The 2015 list, compiled by employment website Glassdoor.com, ranks Ballston-based Evolent Health at No. 3 and Courthouse-based Opower at No. 25.

New Plan for Rosslyn Plaza — Vornado and Gould Property Co. have updated their redevelopment plan for Rosslyn Plaza, the series of aging buildings along N. Arlington Ridge Road between Wilson Blvd and 19th Street N. The development team is proposing 2.5 million square feet of new construction, including a total of five office and residential buildings, four acres of open space and a esplanade deck with views of D.C. and an outdoor ice rink in the winter. [Washington Business Journal]

Celtics Player Swings By The Italian Store — Celtics center Kelly Olynyk stopped by The Italian Store after losing to the Wizards in double-overtime on Monday. He posed for photos and even helped make sandwiches and pizzas. Olynyk isn’t the only pro athlete that has visited the Lee Highway store. Nene, of the Wizards, and Nationals stars Stephen Strasburg and Ryan Zimmerman have stopped by, as has NBA great John Stockton, who happens to be owner Bob Tramonte’s brother-in-law. [Washington Post]

ACFD Recruitment Starts Tomorrow — The Arlington County Fire Department’s biennial open recruitment period starts tomorrow. From Dec. 12-25 ACFD will accept applications for potential firefighter and EMT recruits. No experience is necessary. The county has also made a series of “Join the ACFD” videos for recruitment purposes. [Arlington County]

Arbour Realty Acquired By Md. Brokerage — Arbour Realty, the Ballston-based boutique real estate brokerage owned by “Ask Adam” columnist Adam Gallegos, has been acquired by Real Living At Home, a larger brokerage with office in Chevy Chase, Md. and Dupont Circle in D.C. Gallegos will hand over management responsibilities and continue as an agent with Real Living At Home. [Real Living At Home]

Flickr pool photo by Erinn Shirley

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