commercial

News

Morning Notes

By ARLnow.com

It’s Veterans Day — “Arlington County Government offices, courts, libraries & facilities will be closed Mon., Nov. 11, 2019, on Veterans Day.” Also, ARLnow will be on a limited publishing schedule. [Arlington County]

Fracture in Ranks of Arlington Dems — “Longtime Democratic volunteer John Richardson removed his name from the roster of ‘poll greeters,’ bemoaning party ‘orthodoxy.’ After last May’s divisive primary for commonwealth’s attorney, Richardson went public with criticisms of the successful outside-funded Parisa Deghani-Tafti campaign against incumbent Theo Stamos. That led party officials, he said, to ‘disinvite’ him from being a greeter.” [Falls Church News-Press]

Go to Morning Notes Read more
Around Town

Food Halls, Healthier Options Help Arlington’s Malls Attract Shoppers

By Vernon Miles

Amid difficulties for American shopping malls, Arlington’s two malls are betting on new eateries to turn more diners into shoppers.

Management at the newly-renovated Ballston Quarter and the Fashion Centre at Pentagon City say elevated dining options — from Ballston Quarter’s trendy local eateries to newer, healthier options at Pentagon City mall — are becoming an increasingly important part of mall design.

Go to Food Halls, Healthier Options Help Arlington’s Malls Attract Shoppers Read more
Around Town

Hard Times Cafe in Clarendon Offered For Lease

By ARLnow.com
Hard Times Cafe space available for lease in Clarendon

Hard Times Cafe in Clarendon occupies one of the most iconic restaurant locations in Arlington, directly across from the Clarendon Metro station. After more than 20 years in business at 3028 Wilson Blvd, it appears that the local eatery is preparing to leave.

While Hard Times in Clarendon remains open, its 8,240 square foot space is being offered for lease. A marketing flyer says the “trophy restaurant or retail space” is “available immediately.”

Go to Hard Times Cafe in Clarendon Offered For Lease Read more
News

Commercial Property Values Fall After Two Years of Growth

By Katie Pyzyk

Commercial property values decreased by 0.1 percent in Calendar Year (CY) 2012, coming in at $30.4 billion. Although multi-family rental properties fall into that category and increased by almost 1 percent, the rest of the commercial property types (office, retail, hotel) declined by 0.5 percent. Commercial properties still account for 49 percent of the county’s tax base.

A county press release suggests the drop in commercial property values is due to impacts from the Base Realignment and Closure (BRAC) in Crystal City and concerns about federal budget issues. The budget concerns are expected to have an impact for the next few years. While state and federal grant funding remains uncertain, real estate tax revenues represent approximately 56 percent of the county’s total revenues.

Go to Commercial Property Values Fall After Two Years of Growth Read more