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The Week in Real Estate

Every Friday, we round up the week’s real-estate news and gossip.

• Toledo Place, a 242-unit apartment complex in Hyattsville, was purchased by development company Federal Capital Partners for $18 million. The complex will undergo an $8.5 million renovation. [WBJ]

•  We’re no California, but foreclosures in the District increased 16 percent from July to August. Virginia, on the other hand, experienced a 7 percent decline in foreclosures for the same period. [WBJ]

• According to Washington Business Journal, some of the area’s hottest neighborhoods are in Virginia. In addition to Ballston and Clarendon, the article mentions Shirlington and Columbia Pike as neighborhoods undergoing lots of development  [WBJ via What’s Up Arlington]

• Renewshaw gives us the heads up on a new space for grabs: A recently emptied car lot along the 1300 block of 9th Street is on the market. [Renewshaw]

• The city government is asking for proposals for the redevelopment of Park Morton, a public housing complex along Georgia Avenue in Petworth. [DCmud]