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The Week in Real Estate
Every Friday, we round up the week’s real-estate news and gossip. By Alejandro Salinas
Comments () | Published September 19, 2008
• The Arlington County Board approved plans for the expansion of the Arlington National Cemetery. Two 4.3 acre parcels of land will be added to the cemetery’s grounds. The expansion is not expected to take place until after 2011. [DCMud]

Washington Business Journal is reporting that Lehman Brothers, which earlier this week filed for bankruptcy, has hefty investments in multiple DC projects. Development company Monument Realty may face economic trouble: “Over the past several years, Lehman has invested about $620 million in at least 15 Monument projects, according to Monument’s Web site, often acting as an equity partner above and beyond any exposure as a debt provider on Monument projects.” [WBJ]

• Mayor Fenty was on site for the groundbreaking ceremony at the 2300 Pennsylvania Avenue block in Southeast. The site will house more than 200 affordable housing units, a grocery store, and retail space.  [DCMud]

• Robert Sargent Shriver and Eunice Kennedy Shriver’s 16,000 square foot Potomac home is on the market for $11.8 million. [DC Metrocentric]

The Washington City Paper launched a real estate blog, Housing Complex, this week. The blog is written by staff writer Ruth Samuelson, a former Washingtonian intern. We’ll be keeping our eye on it.  [Washington City Paper]

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Posted at 12:37 PM/ET, 09/19/2008 RSS | Print | Permalink | Comments () | Washingtonian.com Blogs