real estate

News

FBR, FDIC Find New Arlington Offices

By ARLnow.com

The Federal Deposit Insurance Corp. and FBR, an investment bank, will be moving into new offices in Arlington over the next year and a half. That’s good news for economic development officials in Arlington, who are still reeling from the impending loss of the National Science Foundation and its 2,237 jobs.

FBR will move from a “trophy” office building at 1001 19th Street N. in Rosslyn to a slightly less lofty accommodations, at 1300 17th Street N., also in Rosslyn. FBR’s new lease runs through the end of 2025. First-year rent for the space — on the building’s 2nd, 13th and 14th floors — is $41 per square foot for the lower floor and $51.50 per square foot for the higher floors, according to an SEC filing.

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Morning Notes

By ARLnow.com

Lyon Park Bat Turns Out to Be Something Else — A Lyon Park resident called animal control officers late last month after a startling discovery: a bat inside his or her home. There was only one problem — the responding animal control officer found that the “bat” was actually a sweatband. It’s not the first time something like this has happened. Previously, a balloon had been mistaken for a bat, a ski hat lying on the road was mistaken for a dead cat, and a “mangy, emaciated cat” turned out to be stuffed animal. [DCist]

GOP Trying to Find Candidate for Special Election — The upcoming County Board special election to replace the retiring Chris Zimmerman could give Arlington Republicans their best chance of winning a seat on the Board since the late 1990s, the last time any non-Democrat served as a Board member. “We could really pull a surprise,” said Arlington County Republican Committee chairman Charles Hokanson. [Sun Gazette]

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Feature

Ask Adam: Buyer Tips for a Seller’s Market

By ARLnow.com

This regularly-scheduled sponsored Q&A column is written by Adam Gallegos of Arlington-based real estate firm Arbour Realty, voted one of Arlington Magazine’s Best Realtors of 2013. Please submit follow-up questions in the comments section or via email.

Question: We are planning to buy a home in 2014 and are a little anxious about how much of a seller’s market it will be. Can you share some strategies that have worked well for you in a seller’s market? 

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Morning Notes

By ARLnow.com

Z-Burger to End Free Burger Promotion — Z-Burger is ending its free burger promotion for furloughed federal workers. The local burger chain says they’ve given away more than $60,000 worth of burgers to more than 15,000 federal workers. The company says it’s losing too much money to continue, so the giveaway will end tonight (Thursday). “In order for us to stay in business, we had to make the hard choice,” said owner Peter Tabibian.

New Townhouses Coming to Westover — A new townhouse development is coming to the Westover neighborhood. The Westover Place townhomes are replacing a series of aging but mixed-income low-rise apartment buildings on N. Kensington Street. Prices for new homes in the development start in the $800’s. [Arlington Housing Report]

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News

Fish and Wildlife Service Moving Out of Ballston

By ARLnow.com

(Updated at 1:30 p.m.) The headquarters of the U.S. Fish and Wildlife Service will be moving out of Ballston, employees are being told today.

The move is another blow to Arlington’s commercial real estate market, which is dealing with rising office vacancy rates (16.5 percent as of January) and the impending loss of the National Science Foundation.

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News

Morning Notes

By ARLnow.com

Real Estate Tax Delinquencies Rise — The number of real estate tax delinquencies in Arlington rose slightly this year, compared to one year prior. A total of 407 taxpayers missed the June 15 real estate tax deadline this year, compared to 387 last year. Those who miss the June 15 deadline are subject to a 10 percent penalty plus accumulating interest. [Sun Gazette]

Comic-Making Exhibit at Artisphere — Starting today through Nov. 3, comic book artists will be taking up residency in Artisphere for the creation of a new comic. On Thursday evenings and Saturday afternoons, the public can watch the artists at work, and try their hand at their own comic creations. [DC Conspiracy, Ode Street Tribune]

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Feature

Jim Morrison’s Childhood Home For Sale

By Ethan Rothstein
Jim Morrison's childhood home

Located in the Yorktown neighborhood, at 2320 N. Evergreen Street, the house has been listed for more than five weeks and received several offers, but it’s still on the market, according to Weichert Realtors. The asking price for the four-bedroom, 2,364-square-foot Cape Cod house is $920,000. It was built in 1947 and has been recently renovated.

The Vancouver Sun profiled the home earlier this month. It housed the Morrisons when Jim’s father, Admiral George Morrison, was stationed with the Navy at the Pentagon:

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Morning Notes

By ARLnow.com

Single Family Home Prices Rise — The average sale price of a single family home in Arlington rose above $850,000 in July, to $853,572, a 5.1 percent increase from one year prior. Townhouse and condominium prices, meanwhile, dropped 0.6 and 3.3 percent respectively. [Sun Gazette]

‘Boot Camp’ for Dogs, Owners — An Arlington-based business, the Thank Dog Bootcamp, was featured on ABC7’s Good Morning Washington program. The bootcamps, which take place in Bluemont and Quincy parks, are for both dogs and their owners, offering “a grueling workout for you… and an obedience lesson for your dog.” [WJLA]

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Feature

Ask Adam: Avoid Homebuyer Pitfalls

By ARLnow.com

This regularly-scheduled sponsored Q&A column is written by Adam Gallegos of Arlington-based real estate firm Arbour Realty, voted one of Arlington Magazine’s Best Realtors of 2013. Please submit follow-up questions in the comments section or via email.

Question: It has been a while since I purchased a home and I would like to get your advice on the various pitfalls a homebuyer should be careful to avoid. 

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Morning Notes

By ARLnow.com

West Nile Detected at Fort McNair — West Nile Virus have been detected in mosquitoes across the river from Arlington at Fort McNair. Fort McNair is part of Joint Base Myer-Henderson Hall; West Nile was not found in the Fort Myer portion of the base. [U.S. Army]

Free Slurpee Day at 7-Eleven — Today, 7/11/13, customers can get a free small Slurpee from 7-Eleven stores from 11:00 a.m. to 7:00 p.m. This year, instead of 7.11 ounces, the free Slurpees have increased in size to 12 ounces. [USA Today]

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Morning Notes

By ARLnow.com

Fairfax May Be ‘Big Winner’ From Streetcar — The Columbia Pike streetcar may be an economic boon to Fairfax County. Fairfax is planning to use its portion of the future streetcar system to lure office tenants to the Skyline and Baileys Crossroads areas. Already, promise of the streetcar might be helping to sway the U.S. Fish and Wildlife Service to move to Skyline from Ballston. [Sun Gazette]

Office Absorption Down as Sequester Takes Hold — The D.C. region, particularly Northern Virginia, is shedding office tenants. The region typically “absorbs” about 900,000 square feet of office space per quarter, but posted a negative 100,000 square foot absorption figure between April and June. Tenant downsizing and federal job losses and budget cuts are being blamed for the poor absorption figures. [Globe St]

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