Around Town

ARLnow Daily Debrief for Aug 12, 2024

By ARLnow.com

Good Monday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.

🕗 News recap

The following articles were published earlier today — Aug 12, 2024.

📅 Upcoming events

Here is what’s going on Tuesday in Arlington, from our event calendar.

☀️ Tuesday’s forecast

Expect a mostly sunny day with highs around 83 degrees and a gentle northwest wind at 6 mph. Tuesday night will be mostly clear, with lows near 65 degrees and a light northwest breeze. See more from Weather.gov.

💡 Quote of the Day

“Everything has beauty, but not everyone can see.”
– Confucius

🌅 Tonight’s sunset

The MonumentCam screenshot above is used with permission of the Trust for the National Mall and courtesy of EarthCam.

Thanks for reading! Feel free to discuss the day’s happenings in the comments.

Sponsored

Buying a condo getting cheaper relative to rents

By Eli Tucker

This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].

Question: Does the cost of renting a home in Arlington increase at a similar rate as the cost of buying a home in Arlington?

Answer: The cost of renting and buying a detached home increases at a similar rate, but the cost of renting a condo has outpaced the cost of buying a condo.

Condo Rents Rising Faster than Condo Prices

Since 2020, the cost of renting a detached home in Arlington increased at a similar rate as the cost of buying a detached home; 26% and 28%, respectively.

However, the cost of renting a condo increased significantly faster than the cost of buying a condo; 21% and 6%, respectively.

Sale Price to Rental Rate Multiple Shifts with Interest Rates

The table below shows the average price and $/SF of buying a detached home or condo relative to the average annual rent for a detached home or condo, in Arlington. Higher multiples show that buying is becoming more expensive relative to renting.

Takeaway: Condo buyers are more rate sensitive than detached home buyers and are more likely to rent (higher rental demand = strong condo rent appreciation) than buy (weakened purchase demand = low condo value appreciation) when interest rates increase. Notice how quickly the sale price to rental rate multiple drops from 2020/2021 to 2022/2023 (rates skyrocketed spring/summer 2022). (more…)

Around Town

Arlington’s own Pupatella eyes further growth in D.C. area under new CEO

By Jared Serre
Pupatella's first location, located at 5104 Wilson Blvd in Bluemont (staff photo by Jared Serre)

An Arlington-based pizza chain, now under a new CEO, has set its sights on further expansion in the D.C. area and beyond.

Jim Biafore, who became CEO of Pupatella last month, told ARLnow that the chain — which already operates 10 restaurants in D.C. and Virginia — is in “growth mode.”

Go to Arlington’s own Pupatella eyes further growth in D.C. area under new CEO Read more
Event

Cinco De Mayo Celebration at Surfside Tenleytown – Washington

Surfside Tenleytown

4200 Wisconsin Ave NW

Washington, District of Columbia 20016

Website Contact Social

Join us at Surfside Tenleytown for a Cinco de Mayo celebration you won’t want to miss! 🌮✨ An event for the whole family! Enjoy classic margaritas, Happy Hour specials, and buy two, get one free tacos (all day, dine-in only), along with face painting and balloon twisting from 3:30–7:30pm and live music from 5–10pm. Reserve your table today on Resy!

Go to Cinco De Mayo Celebration at Surfside Tenleytown – Washington Read more
News

County Board backs unionization push at Hyatt Regency Crystal City

By Dan Egitto
Workers calling for unionization at Hyatt Regency Crystal City in 2024 (courtesy of UNITE HERE Local 25)

Local elected officials are throwing their weight behind a unionization effort at the Hyatt Regency Crystal City.

Writing on behalf of the Board earlier this month, Arlington County Chair Libby Garvey noted that over 70% of housekeeping workers at the hotel next to Reagan National Airport signed union authorization cards in July, filing for a union election.

Go to County Board backs unionization push at Hyatt Regency Crystal City Read more
News

Maryland woman caught with loaded gun at Reagan National Airport

By ARLnow.com
Gun confiscated from Silver Spring woman at DCA (courtesy TSA)

A Silver Spring woman is the latest to face fines and a criminal charge after TSA officers intercepted a loaded gun in her carry-on luggage at Reagan National Airport.

The incident occurred this past Thursday, Aug. 8, when Transportation Security Administration screeners discovered a 9mm firearm loaded with six bullets, including one in the chamber, during a routine security check.

Go to Maryland woman caught with loaded gun at Reagan National Airport Read more
Opinion

Morning Poll: Too early for Halloween?

By ARLnow.com
Pumpkin Head Ale for sale at Clarendon's Whole Foods store (staff photo by Jared Serre)

As ARLnow reported last week, some Halloween displays have already started popping up in Arlington stores.

It’s part of a trend that some call “Summerween,” with the spooky season seemingly starting earlier and earlier each year.

More from Axios:

There’s a race to move out holiday merchandise early, aiming to get shoppers ready well in advance and, ideally, pushing them to spend more money.

Halloween is big money for retailers and last year sales were projected to reach $12.2 billion, according to the National Retail Federation’s annual holiday survey.

There’s a lot to like about Halloween, pumpkin patches, Oktoberfest beers and 12-foot skeletons — but is this all just way too early? Or do you welcome the autumnal vibes in August, actually?

News

Morning Notes for August 12, 2024

By ARLnow.com
The building housing Tatte, Life Time Fitness and other businesses at The Crossing Clarendon (Flickr pool photo by Jason Gooljar)

Local Olympic Rivalry — “Arlington County and Alexandria have long enjoyed some friendly competition — and now, that rivalry has made its way to the Olympics… That friendly rivalry has been competitive enough that Arlington County Board member Maureen Coffey (D) took to social media on Monday with a chart comparing her home county with its neighbor.” [Washington Post]

Road Closures for County Fair — “The Arlington County Fair will take place from August 14th–18th at Thomas Jefferson Community Center located at 3501 2nd Street South. The Arlington County Police Department will conduct the following road closures to accommodate the event.” [ACPD]

Foxtrot Up for Auction — Items from the closed former Foxtrot location in Rosslyn are up for auction, according to a sign in the window. [Twitter]

It’s Monday — Expect mostly sunny skies and a high of around 84 degrees, accompanied by a west wind blowing at 5 to 7 mph. As night falls, skies will turn partly cloudy and the temperature will dip to a low of approximately 66 degrees. [NWS]

Today’s Morning Notes are brought to you by Industrious. ARLnow has been in an Industrious office for years and we love the convenience — you get to focus on your work rather than worrying about brewing your own coffee or keeping the copy machine stocked. Industrious has several Metro-accessible coworking locations in Arlington.

Flickr pool photo by Jason Gooljar

Around Town

ARLnow Daily Debrief for Aug 9, 2024

By ARLnow.com

Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.

🕗 News recap

The following articles were published earlier today — Aug 9, 2024.

Since it’s Friday, we’ve also compiled a list of the most-read articles of the week, below.

  1. ACPD on scene of barricade situation in Westover (19507 views)
  2. Three new grocery stores are coming to Falls Church (14978 views)
  3. Arlington County Fair returns next week with classic attractions and a new eating contest (8459 views)
  4. Upcoming nightlife spot in Clarendon eyes ‘elevated’ cocktails, food options (6779 views)
  5. Shirlington ‘clubhouse’ with 1969 theme shoots to open below Astro Beer Hall (6180 views)
  6. Turkish coffee cart seeks to transform Ballston courtyard into ‘urban oasis’ (6078 views)
  7. ACPD: Suspect fires officer’s gun after Ballston Target theft (6004 views)
  8. Falls Church is nation’s healthiest community in new rankings, and Arlington is No. 19 (5915 views)
  9. NEW: Police investigating bank robbery in Crystal City (4822 views)
  10. Summer Restaurant Week is approaching, offering discounted gourmet eats in Arlington (4799 views)
  11. Anita’s New Mexico-style restaurant in Virginia Square plans late-summer opening (4786 views)

📅 Upcoming events

Here is what’s going on Saturday in Arlington, from our event calendar.

Here are the events planned for Sunday:

☀️ Saturday’s forecast

Expect mostly sunny skies and a high of 87 degrees, accompanied by a northwest wind blowing at 6 to 8 mph. As night falls on Saturday, the sky will turn mostly cloudy and the temperature will drop to about 67 degrees, while the north wind maintains a speed of around 5 mph. See more from Weather.gov.

💡 Quote of the Day

“Do what you feel in your heart to be right, for you’ll be criticized anyway.”
– Eleanor Roosevelt

🌅 Tonight’s sunset

The MonumentCam screenshot above is used with permission of the Trust for the National Mall and courtesy of EarthCam.

We hope you have a great weekend, Arlington! Feel free to discuss the most-read stories of the week, the upcoming weekend events or anything else of local interest in the comments. 👋

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