real estate | ARLnow.com

Morning Notes

Published February 12, 2015 at 9:20AM

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]

News

Least Affluent Areas Hit Hardest By 2015 Assessments

By Ethan Rothstein

Published January 26, 2015 at 2:30PM | Updated January 26, 2015 at 6:54PM

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.

News

Conservative News Outlet Moving to Rosslyn

By ARLnow.com

Published January 22, 2015 at 11:00AM

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.

News

JUST IN: Residential Assessments Rise 5 Percent, Office Values Fall

By ARLnow.com

Published January 16, 2015 at 11:40AM

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.

News

Morning Notes

By ARLnow.com

Published December 11, 2014 at 9:35AM | Updated December 11, 2014 at 9:52AM

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]

News

Morning Notes

By ARLnow.com

Published December 4, 2014 at 8:30AM

Morroy Announces Re-election Bid — Arlington Commissioner of Revenue Ingrid Morroy announced that she will be seeking re-election in 2015 at last night’s Arlington County Democratic Committee meeting. Morroy, who is recovering from recent hip replacement surgery, outlined her goals for a new term. The goals include returning property assessments to the Commissioner of Revenue’s office, thus bringing it under the supervision of an elected official who’s directly responsible to taxpayers.

Arlingtonian Running for UK Parliament — Arlington resident Sonia Klein, who was born in London, is running for a seat in the UK House of Commons. Klein, who’s affiliated with the Labour Party, can run because residency is not required to run for House of Commons seats. Klein has previously served as vice chair of precinct operations for the Arlington County Democratic Committee. [InsideNova]

Around Town

Crystal City, Rosslyn Clean Up at Commercial Real Estate Awards

By ARLnow.com

Published November 20, 2014 at 3:45PM | Updated November 20, 2014 at 8:08PM

Published October 13, 2014 at 9:30AM | Updated October 13, 2014 at 11:08AM

Three Arlington Restaurants in ‘Dining Guide’ — Three Arlington restaurants are in Washington Post food critic Tom Sietsema’s annual Fall Dining Guide. The eateries getting the honor: Green Pig Bistro, Thai Square and Water & Wall. [Washington Post]

Arlington Woman Wins Army Ten-Miler — An Arlington woman was the top female finisher in the 30th annual Army Ten-Miler on Sunday. Kerri Gallagher, 25, won the race with a time of 54:50. Two other Arlington women cracked the top 10: eighth place finisher Samantha Diehl, 26, and tenth place finisher Amy Laskowske, 27. [Stars and Stripes, Army Ten-Miler]