KB Home to leave Greater Washington market within the year

Residential home builder KB Home (NYSE: KBH) is leaving Greater Washington to focus on more productive areas of the country, the company said in an announcement.

The homebuilder will be out of Greater Washington within a year after it finishes building homes on its available land or selling off the parcels. It will instead double-down on areas where it already has a strong presence, such as California and the Southwest U.S.

The Los Angeles-based company will continue to sell warranties on its finished…

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May 16, 2016 / by / in
Bob Milkovich didn't make it to the NFL. A local REIT might profit from it.

Bob Milkovich didn’t so much blurt out his role as a starting quarterback for the University of Maryland Terrapins as dare me to ferret it out. And such a dare is an irresistible thing for a reporter to shrug off.

It was a Monday afternoon at First Potomac Realty Trust’s Bethesda office, five months after the company’s board tapped Milkovich to replace Doug Donatelli as its chief executive. I was there to interview him about the path that led to the abrupt resignations of Donatelli and co-founder…

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May 16, 2016 / by / in
D.C. shift could make tiny houses more abundant
D.C. shift could make tiny houses more abundant

The popular tiny-house movement may get a big boost in the District this fall when significantly looser restrictions regarding “accessory dwelling units” — the technical name for the trendy residences — go into effect. Under provisions in the city’s new zoning code, from Sept. 6, homeowners will have an easier time getting the necessary approval […]

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May 16, 2016 / by / in
Three-bedroom, two-fireplace townhouse in Herndon, Va., lists for $392,000
Three-bedroom, two-fireplace townhouse in Herndon, Va., lists for $392,000

First-time buyers in Northern Virginia who aspire to own a single-family home under $400,000 that’s within walking distance of shops, restaurants or a Metro station will likely need to make some compromises. But that doesn’t necessarily mean they can’t buy a nice residence that meets their needs. Instead of a single-family home, consider this end […]

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May 16, 2016 / by / in
Maryland open houses May 14-15
Maryland open houses May 14-15

Here’s a list of open houses taking place May 14-15 in Maryland. We’ve divided the list by counties. To learn more about the properties for sale, click on the link underneath the address, which will take you to the listing. As always, feel free to search a listing of properties for sale in the Washington […]

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May 16, 2016 / by / in
Virginia open houses May 14-15
Virginia open houses May 14-15

Here’s a list of open houses taking place May 14-15 in Virginia. We’ve divided the list by counties. To learn more about the properties for sale, click on the link underneath the address, which will take you to the listing. As always, feel free to search a listing of properties for sale in the Washington […]

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May 16, 2016 / by / in