September 1, 2006 News Clips
WASHINGTON, DC NEWS
Control Board
Ex-Chief Backs Johns's Campaign
By
Elissa Silverman
Washington Post Staff Writer
Thursday, August 31, 2006; Page B04
DC mayoral candidate Marie
C. Johns received a public show of support from a
prominent Democrat yesterday, hoping the endorsement
would convince doubtful voters that she is electable.
Alice M. Rivlin, former
chairman of the DC financial control board, declared
Johns the "best candidate" in the race. She said that
recent "sniping" between the mayoral front-runners, DC
Council Chairman Linda W. Cropp (D) and council member
Adrian M. Fenty (D-Ward 4), motivated her to speak up.
"Marie has run a positive
campaign. She's not trashing anybody, and nobody is
trashing her," said Rivlin, speaking in front of the
John A. Wilson Building yesterday. Rivlin led the
federally appointed financial authority and is currently
director of the Greater Washington Research Program at
the Brookings Institution.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083003030.html
Declining to Debate Mano a
Mano
By
Nikita Stewart and Lori Montgomery
Washington Post Staff Writers
Thursday, August 31, 2006; Page DZ02
Mary Cheh
is a wanted woman.
It seems lots of folks
want to debate her one-on-one. Or two-on-one. Or in some
other combination.
That's because Cheh is
ahead in a nine-way race for the Democratic nomination
for the Ward 3 council seat. With less than two weeks to
go until the Sept. 12 primary, Cheh has the support of
council member Kathy
Patterson (D-Ward 3), who is stepping down to
run for chairman, and the endorsements of The Washington
Post and the Northwest Current.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083001272.html
Hostility Simmers In
Chairman Debate
Candidates Go After Each Other's Records
By
Nikita Stewart
Washington Post Staff Writer
Wednesday, August 30, 2006; Page B01
The Democratic candidates
for DC Council chairman traded charges over
qualifications yesterday, with Vincent C. Gray accusing
Kathy Patterson of failing to foster cooperation on the
council and Patterson saying that her opponent lacks the
experience to be chairman.
Gray, a first-term council
member, said in a radio debate that he would be a
"consensus builder" and that Patterson was known for
being a stubborn council member who does not work well
with her colleagues. Patterson said that if Gray is
elected chairman, he would need "on-the-job training."
Less than two weeks before
the Sept. 12 primary, the morning debate on Washington
Post Radio displayed an increased level of hostility.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/29/AR2006082901884.html
Fenty Switches to Offense
In Debate Against Cropp
By
Lori Montgomery and David Nakamura
Washington Post Staff Writers
Tuesday, August 29, 2006; Page A01
Mayoral candidate Adrian
M. Fenty lashed back at his chief rival, council
Chairman Linda W. Cropp, in a one-on-one debate
yesterday, casting her as a central player in the
"troubled old DC government" that "let the schools fall
apart and let the city fall apart."
With two weeks until the
Sept. 12 Democratic primary, Fenty abandoned his
strategy of ignoring Cropp's repeated allegations that
he was incompetent as a lawyer prior to winning the Ward
4 council seat and ineffectual as a lawmaker thereafter.
He matched Cropp blow for blow in a tense and, at times,
hostile exchange that was aired live on cable television
and radio, the first and perhaps only public showdown
between the campaign's leading contenders.
Fenty accused Cropp of
driving public schools "right into the ground" when she
was school board president and of voting for
"irresponsible" budgets that left the city virtually
bankrupt as a council member in the early 1990s. Fenty
also blasted Cropp for campaigning against his record
instead of emphasizing hers.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/28/AR2006082800910.html
Cropp Stakes Her Future On
School Improvement
By
David Nakamura
Washington Post Staff Writer
Saturday, August 26, 2006; Page B04
DC Council Chairman Linda
W. Cropp said yesterday that the city's public schools
would begin to improve within a year if she is elected
mayor and vowed not to seek a second term if the
turnaround failed.
"If you do not see a
change, I will not run for reelection," Cropp said
during a lunch with Washington Post reporters and
editors.
With about 2 1/2 weeks
until the Sept. 12 Democratic primary, Cropp has sought
to illustrate the difference between her and her chief
rival, council member Adrian M. Fenty (Ward 4), who
polls show is the front-runner.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/25/AR2006082501280.html
Q2 Commercial/Multifamily Originations Up 17%
WASHINGTON, DC-The Mortgage Bankers Association reports
that commercial and multifamily loan originations
increased 17.3% in Q2, compared to the same quarter last
year. Compared to the first quarter in 2006, second
quarter loan originations were up 23.3% and year to date
originations are 24.3% higher than at the same time last
year.
With a 177.4% increase,
health care properties, followed by industrial space and
hotels saw the biggest increase in originations in Q2,
compared to the same quarter in 2005. Loans increased by
33.7% and 32.4% for industrial space and hotel
properties, respectively. Office building loans rose by
12.7%; multifamily by 8.8%; and retail by 6.9% during
the comparable year-ago period.
http://www.globest.com/news/699_699/washington/148705-1.html
First Potomac Makes Two-Asset Grab for Nearly $30M
WASHINGTON, DC-First Potomac Realty Trust has added two
properties to its portfolio, bringing its holdings to 10
million sf. The acquisitions--two separate transactions
that totaled $28.9 million--were both off-market,
value-add deals with local investors in the DC market,
Nicholas R. Smith, First Potomac's chief investment
officer, tells GlobeSt.com. "They are both well located
and their long-term prospects are very good."
One,
Indian Creek Court, is a four-building, 186,691-sf flex
property in Beltsville, MD that is 84% leased to seven
tenants. The purchase was funded with $10.7 million in
cash and the assumption of a $12.8-million loan that
matures in 2011 and bears interest at a fixed rate of
7.8%. The property is expected to generate a first-year
unleveraged return of approximately 8% on a cash basis
and approximately 8.1% on an accrual basis.
http://www.globest.com/news/696_696/washington/148636-1.html
WRIT Completes Pending $94M Acquisition
WASHINGTON, DC-Washington Real Estate Investment Trust
has closed on a $94-million portfolio acquisition from
an undisclosed seller that had been pending since second
quarter. In Q2 WRIT closed on some $133.4 million in
acquisitions.
The
REIT has acquired West Gude Office Park, the Ridges, and
Crescent, office buildings located in Montgomery County
that total 442,467 sf. The deal
had been pending based on the assumption of two
mortgages on the properties, which are located in
Rockville and Gaithersburg. During last quarter's
earnings call chairman and CEO Edmund B. Cronin, Jr.
told listeners this transaction would close in August.
The entire portfolio is 95.6% occupied.
http://www.globest.com/news/694_694/washington/148605-1.html
Marshall Management Enters Beltway
WASHINGTON, DC-Marshall Management, a mid-sized hotel
management company, has signed a management contract to
operate the Kalorama Guest House in Washington, DC. It
is the company's first contract to manage a hotel that
is located inside the Beltway, Michael Marshall,
president tells GlobeSt.com.
The
Guest House has 47 rooms in six converted
turn-of-the-century Victorian homes that are located in
the 1800 block of Mintwood Place NW and the 2700 block
of Cathedral Avenue NW. It is also the fifth property
added to the company's portfolio this year.
http://www.globest.com/news/693_693/washington/148590-1.html
REGIONAL
NEWS
A Backwater's Incoming
Tide
Condo Development
Brings a Sea Change to the Quiet Eastern Shore Town of
Crisfield
By
Kim Hart
Washington Post Staff Writer
Saturday, August 26, 2006; Page F01
CRISFIELD, Md. Each
morning before dawn, Chesapeake Bay watermen gather for
coffee and gossip at Gordon's Confectionery, an
80-year-old diner in this tiny fishing village that once
bustled with three dozen crab-packing houses.
For years they have
watched the sun climb above Crisfield's shoreline, which
for decades consisted only of sailboat masts, seafood
restaurants and a few storefronts.
Now the sunrise is
obscured by high-rise condominium complexes that lure a
steady stream of vacationers, retirees and baby boomers
seeking second homes.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/25/AR2006082500550.html
Home Builder's New
Incentive: A Flexible Price
By
Tomoeh Murakami Tse
Washington Post Staff Writer
Wednesday, August 30, 2006; Page D01
And now, in the latest
sign of the cooling home sales market, a luxury home
builder in Rockville has begun resorting to the kind of
tactic usually reserved for screaming electronics
discounters -- the Lowest Price Guarantee.
To ease buyers' worries
about declining prices, Mid-Atlantic Builders will
adjust its sales contract if the price it is charging
for one of its houses falls from the time a customer
signs an agreement to 45 days before settlement. So, the
thinking goes, jittery buyers shelling out $500,000 to
more than $1 million for one of the builder's
single-family houses can rest assured that they're not
sinking money into a depreciating asset.
"That's a very real fear,"
said John J. Lavery, director of sales and marketing for
the home builder. "Obviously, there's been a big
correction in the market. Our view is that it's the
lowest point in the market cycle now."
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/29/AR2006082901486.html
The Housing Crisis Goes
Suburban
By Michael Grunwald
Sunday, August 27, 2006; Page B01
In the past five years,
housing prices in Fairfax County have grown 12 times as
fast as household incomes. Today, the county's median
family would have to spend 54 percent of its income to
afford the county's median home; in 2000, the figure was
26 percent. The situation is so dire that Fairfax
recently began offering housing subsidies to families
earning $90,000 a year; soon, that figure may go as high
as $110,000 a year.
Seventy years after
President Franklin D. Roosevelt declared that the
Depression had left one-third of the American people
"ill-housed, ill-clothed and ill-nourished," Americans
are well-clothed and increasingly overnourished. But the
scarcity of affordable housing is a deepening national
crisis, and not just for inner-city families on welfare.
The problem has climbed the income ladder and moved to
the suburbs, where service workers cram their families
into overcrowded apartments, college graduates have to
crash with their parents, and firefighters, police
officers and teachers can't afford to live in the
communities they serve.
Homeownership is near an
all-time high, but the gap is growing between the Owns
and the Own-Nots -- as well as the Owns and the
Own-80-Miles-From-Works. One-third of Americans now
spend at least 30 percent of their income on housing,
the federal definition of an "unaffordable" burden,
and half the working poor spend at least 50 percent of their income on rent, a "critical" burden.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/25/AR2006082501197.html
Wrap-Around Financing Can
Help Make a Sale in a Slow Market
By
Benny L. Kass
Saturday, August 26, 2006; Page F05
In a slow real estate
market, would-be sellers and potential buyers begin to
think about creative financing.
Last week, I wrote about
transactions in which the seller holds the entire
mortgage, a type of arrangement that is treated as an
installment sale for tax purposes. This type of creative
financing works best when the seller has no mortgage or
a small one.
There's another approach,
known as a wrap-around mortgage, that can be used in
some situations where the seller has a larger existing
mortgage.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/25/AR2006082500535.html
Dems Fear a Backlash
Friday, Sept. 1, 2006
BALTIMORE -- Maryland Democratic leaders are beginning
to worry about a general election backlash from
African-American voters if Kweisi Mfume and Stuart O.
Simms are both defeated in the Sept. 12 primary.
Some
fund-raising and polling data suggest that Mfume may not
be successful in his bid for the U.S. Senate and that
Simms could be defeated in the race for attorney
general. If both go down, the Democratic Party would
lack an African American among the top candidates on the
statewide ticket-- except for Del. Anthony G. Brown
(D-Dist. 25) of Mitchellville, the lieutenant governor
candidate.
This
could present a dicey situation for Democrats in
motivating the largest and most powerful element of the
party's base for the general election.
http://www.gazette.net/stories/090106/polia%20s194940_31946.shtml
A Scramble to Replace the
Old Guard
Rare Open Seats And a Big Field Are Producing A Robust
Election
By
John Wagner
Washington Post Staff Writer
Thursday, August 31, 2006; Page T03
With two lions of Maryland
politics leaving office this year and a third
threatened, this fall's election could usher in a new
generation of officeholders who could dominate state
politics for decades to come.
U.S. Sen. Paul S. Sarbanes
(D) and Attorney General J. Joseph Curran Jr. (D) are
stepping down after decades in their posts, and another
fixture, Comptroller William Donald Schaefer (D), is in
a tough battle for reelection with two members of his
party.
The upshot is an election
year unlike any in recent decades, with several
candidates running for each seat and millions of dollars
being spent. The Sept. 12 primaries will go a long way
toward shaping the story line for the November general
election.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083000086.html
O'Malley Seeks $200,000
Principal Bonuses
By
John Wagner
Washington Post Staff Writer
Tuesday, August 29, 2006; Page B01
Baltimore Mayor Martin
O'Malley today will propose paying signing bonuses of
$200,000 -- believed to be the largest of their kind in
the nation -- to principals hired to lead dozens of
Maryland's lowest-performing schools.
The hefty bonuses,
designed to lure seasoned educators from across the
state and country to jurisdictions including Prince
George's County, are included in a package of "new
ideas" on education that the Democratic gubernatorial
hopeful plans to present this afternoon.
O'Malley will also call
for shrinking the state's largest middle and high
schools and expanding a program aimed at reducing school
suspensions.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/28/AR2006082801239.html
Executive Race Tops Full
Ballot
By
Rosalind S. Helderman and Ovetta Wiggins
Washington Post Staff Writers
Thursday, August 31, 2006; Page T01
Prince George's residents
going to the polls for the Democratic primary on Sept.
12 had better arrive ready for some big-time voting.
With more than 100
candidates running in 21 local races, plus a bevy of
state and federal races, this election season has
brought an unprecedented flurry of political activism.
The top race for local
officials is the campaign for county executive.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083002048.html
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Virginia To Weigh
Impact Of Projects
Land-Use Studies Crucial, Kaine Says
By
Amy Gardner
Washington Post Staff Writer
Monday, August 28, 2006; Page B01
The state government has a
huge stake in local development decisions and is going
to become increasingly involved by measuring traffic
impact and other effects before large-scale projects are
built, Gov. Timothy M. Kaine said in an interview last
week.
Kaine said his
administration will be looking for more opportunities to
gauge the effects of local land-use decisions, such as
the study he ordered on the traffic impact of building
about 30,000 homes west of Dulles International Airport
in Loudoun County.
Kaine (D) brushed off
criticism from developers and local officials that his
administration's direct management of the traffic
analysis was politically motivated and meddlesome in the
affairs of Loudoun government.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/27/AR2006082700909.html
Allen To Begin TV Blitz
Today
Republican Deploys Financial Edge to Target N.Va. Voters
By
Tim Craig and Michael D. Shear
Washington Post Staff Writers
Thursday, August 31, 2006; Page B05
Sen. George Allen (R-Va.)
will launch a statewide television advertising blitz
today, campaign officials said, taking advantage of his
sizeable financial advantage over his Democratic
opponent in the Nov. 7 election.
Allen, who could spend
more than $10 million on his campaign against James
Webb, will start airing two commercials in the expensive
Washington media market and one that will reach voters
in every part of the state.
The ads will air as Allen
and Webb prepare for the traditional Labor Day start of
the fall campaign at stops across the state.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083003032.html
Plans Change for Housing
Near Bridge
Developer Offers Fewer Units in Mix of Luxury and
Affordable Apartments
By
Brigid Schulte
Washington Post Staff Writer
Thursday, August 31, 2006; Page VA03
A developer who has
promised to preserve hundreds of units of affordable
housing on Alexandria's desirable waterfront unveiled a
new scaled-back proposal last week.
Giuseppe Cecchi originally
sought to buy two properties on either side of South
Washington Street: Hunting Towers and Hunting Terrace,
aging apartment complexes along the Potomac River near
the Woodrow Wilson Bridge.
He planned to raze the
Terrace and build 400 units of luxury condominiums in
two 15-story high-rises. With the money he made from
that project, Cecchi promised to refurbish the 500-plus
units in the Towers, keep prices affordable and sell the
units as condos for the local workforce.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083000958.html
Development Debate
Escalates in Loudoun
30,000-Home Dulles South Plan Advances
By
Amy Gardner
Washington Post Staff Writer
Wednesday, August 30, 2006; Page B01
A plan to open up a vast
stretch of southeastern Loudoun County to roughly 30,000
new homes is prompting a fierce debate reaching all the
way to Richmond over how best to guide growth and
prepare for its inevitable effects on traffic, taxes and
quality of life.
On one side are those who
believe that so many new homes -- equivalent in number
to four Fredericksburgs -- would hopelessly paralyze a
region already struggling with traffic congestion. On
the other are those who see an opportunity in Dulles
South to coax hundreds of millions of dollars from
developers to build roads, schools, parks and utilities
that government can't afford.
Both sides agree on one
crucial point: Too little has been done for too long to
address Northern Virginia's mounting traffic troubles.
What they can't agree on is what should come next: a
major slowdown of residential growth -- or a partnership
with developers to exact unprecedented contributions to
the road network.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/29/AR2006082901384.html
Elections To Bring
Change At the Top
By
Nancy Trejos
Washington Post Staff Writer
Thursday, August 31, 2006; Page GZ01
Montgomery County
residents will have more than 100 candidates to
choose from in races as hotly contested as the one
for county executive and as low-key as the one for
register of wills when they head to the polls for
the Sept. 12 primary.
Whatever the outcome,
residents are sure to see a major shift in
leadership for the first time in years.
A top position to be
filled is that of county executive, a job that has
belonged to Douglas M. Duncan (D) for the past 12
years. Duncan recently dropped his bid to become
governor to pursue treatment for depression.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083002050.html
Is Leggett Just Too
Likable?
Critics Would
Make an Issue of Candidate's Lacking Enemies
By
Christian Davenport
Washington Post Staff Writer
Thursday, August 31, 2006; Page B06
This is one of a
series of articles profiling candidates for
Montgomery county
executive.
Fearful that a student
rights rally at Southern University was going to
explode in the spring of 1967, some students
descended on the Baton Rouge, La., hospital where
Isiah Leggett was recovering from surgery for a
burst appendix.
We're getting you out
of here, they said. You have to help calm things
down.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/30/AR2006083003028.html
Perez Throws His
Support to Simms
This Is Not the
Time for Protest Votes, Former Candidate Tells
Backers
By
Steve Vogel
Washington Post Staff Writer
Wednesday, August 30, 2006; Page B02
Barred by a court
ruling from running for Maryland attorney general,
Montgomery County Council member Tom Perez endorsed
former rival Stuart O. Simms yesterday.
Appearing with Simms
at an emotional rally in
Takoma Park, Perez
urged his backers to support the Baltimore lawyer in
the Sept. 12 Democratic primary against Montgomery
State's Attorney Douglas F. Gansler.
Perez asked cheering
supporters to put aside anger over last week's
decision by the Maryland Court of Appeals, which
ruled that he had not practiced law long enough in
Maryland to meet the constitutional requirements for
the job.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/29/AR2006082900619.html
Back in Public, Duncan
First Goes Back to School
By
Ann E. Marimow
Washington Post Staff Writer
Tuesday, August 29, 2006; Page B04
More than two months
after he ducked out of public view to seek treatment
for depression, Montgomery County Executive Douglas
M. Duncan reemerged yesterday, greeting school kids
on the first day of class and talking about the
libraries he wants to open before he leaves office.
Duncan (D) has planned
a full week of ribbon-cuttings and groundbreakings,
but don't look for him on the campaign trail anytime
soon. He is having his hip replaced Sept. 6 and
expects a three- to six-week recovery period.
The county's dominant
elected figure for the past 12 years stunned the
political establishment in June when he announced
that he was dropping out of the governor's race to
battle depression. His decision reshaped the
election, creating a two-way contest between Gov.
Robert L. Ehrlich Jr. (R) and Baltimore Mayor Martin
O'Malley (D).
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/28/AR2006082801286.html
Council Rejects
Ficker's Ballot Initiative
By
Ann E. Marimow and Nancy Trejos
Washington Post Staff Writers
Thursday, August 17, 2006; Page GZ02
Anti-tax activist and
Montgomery County executive candidate
Robin Ficker
has successfully placed 20 initiatives on the ballot
since 1974.
This week, his luck
ran out.
In a special session
Tuesday, the six County Council members present
voted unanimously to keep Ficker's latest charter
amendment off the Nov. 7 ballot.
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/16/AR2006081600835.html
Silverman's latest TV ad focuses on Leggett
Friday, Sept. 1, 2006
Montgomery County Councilman Steven A. Silverman's
latest tack in the county executive race is a new TV
ad in which he spends half his air time talking
about his opponent in the Democratic primary, Isiah
Leggett -- even closing by asserting he is a "a good
guy with bad ideas."
Silverman (D) began running his new ad this week,
trying to distinguish himself from his former
council colleague, who is often on the same side of
the issues and regarded as one of the county's most
respected politicians.
In earlier ads, Silverman pitched himself to voters
as a decisive leader committed to cutting traffic
congestion and increasing affordable housing. That
ad mentioned no other candidate.
http://www.gazette.net/stories/090106/polia%20s194928_31939.shtml
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