Category Archives: transportation

More Bikes!!!

Literally!!! Well, these orange delights are called Mobike so the pun works!!!!IMG_3843

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The Bikes are Coming!!!

Spotted these Lime colored delights near Veterans Triangle!IMG_3875

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Bethesda Downtown Sector Plan Cont.

As promised yesterday, I am digging into the plan for nuggets and things to be happy/ worry about. This one struck me as a good recommendation:

“Page 41: Modify language under A. Bethesda Circulator Expansion as follows: A more robust Circulator Bus route should be considered to serve an expanded Downtown Bethesda. That route should include service to the Battery Lane and Pearl Districts,[. Potential new stops should include the following locations (see Figure 2.10: Proposed Circulator Route Revisions):] new Bethesda South Metrorail station/Purple Line station on Elm Street, the Pearl District, and Medical Center Metrorail station.”

I like the idea of the Circulator connecting residents to both Bethesda and Medical Center metro stops. Hopefully with easier, all weather, access to metro, we will see more downtown residents able to leave the car at home and use metro a bit more.

More nuggets etc. to follow!

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What’s Hot in 2017: YIMBY!

Confused? Well, full confession – I wasn’t particularly familiar with this concept but basically it means:
“Yes in my back yard!” and is a movement about sustainability of energy, housing, technology, infill construction and the like. It is seen as a contrast to “NIMBY” – which stands for “Not in My Backyard.”

Someone I was discussing the Purple line with recently noted that it has seen a fight between these two groups and that they saw 2017 as a year when the YIMBY movement would go mainstream.

So what would that mean for Bethesda? Well, we have no shortage of infill construction but I would hope that developers would be pushed to increase energy efficiency, sustainability etc. as part of the YIMBY effort.

What do you think? Do you agree with the YIMBY concept? Is the Purple line a NIMBY v YIMBY fight or is that too symplistic.

As ever — email thoughts to raj@rajabout.com and we will publish the most interesting!

Important Open House 7th and 8th: Montgomery County on alternative 355 Route (via Twitter Feed)

Join us for a Open House on Feb. 7 or Feb. 8! Learn & comment about conceptual alternatives for MD Route 355

Bistro Lazeez and Uber Eats

Just wanted to note that Bistro Lazeez is very publicly pushing their connection with Uber Eats — I am curious to see if folks have had a good experience with Uber Eats. Drop us a line at raj@rajabout.com and we will publish the best responses.

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Investor Article 2017

Hi friends,

I am planning on writing a series of real estate investor articles this year for my client base. I will go ahead and post the ones with some relevance to Bethesda here. The first one, below, looks at the connection between Russian cyber attacks and real estate investment. Puzzled? Well read on and all will be revealed!

 

Russian Cyber Hacking and Real Estate Growth: Washington, DC Metro Market Investor Column 2017

The 2016 election campaign is finally, thankfully, over but as anyone paying attention to the news will know, the fallout continues. While the post-election discussions taking place are animated and wide ranging, there is one area in particular that should be of interest to real estate investors, namely the focus on Russian cyber actions during the election.

Puzzled? Trying to determine why those two subjects should be in the same sentence?

Well, consider what happened to the Washington, DC metro market after the horrific 9/11 attacks; the government massively increased its national security/ military/ intelligence spending and that drove economic growth in the region for several years. This growth had a positive effect on prices and some, including me, would argue allowed the Washington, DC metro market to ride out the Great Recession better than the rest of the country.

Now, post-election, cyber security seems to be positioned as the new “hot” issue for government action. Policymakers of all stripes are starting to recognize that other countries have developed significant capabilities in this area. If past is prologue, the natural response will be to dramatically increase spending to ensure that the US is the dominant country in the cyber/ national security space in the years to come.

Some commentators may be surprised at the suggestion that cyber security growth will take place in the Washington, DC metro area and not in Silicon Valley or even some of America’s emerging tech hubs. First, I do not want to suggest that there won’t be growth in those areas, clearly there will be. However, the DC metro area already has a thriving tech industry (it has been called the Silicon Valley of the east for a number of years) and can collaborate on cyber security with its neighbors in government/ intelligence and the military. This geographic proximity and intersection, combined with a highly educated workforce, ensures the DC metro market is perfectly positioned to lead the cyber actions job revolution. My belief, shared by others, is that the leadership in this sector will come from the DC metro area.

As the funding increases and these jobs come online (literally and metaphorically), the pressure on housing and house pricing will grow. The beneficiaries of this uptick in economic activity should be real estate investors, home owners and others involved in the real estate sector.

Of course, as in life, nothing is guaranteed and there are details to be parsed out, but I believe that the connection between cyber security and real estate growth should be looked at closely.

Warmly,

Raj

This note is part of an occasional series of investor related pieces that I produce for clients and prospective clients. I appreciate receiving feedback and welcome the opportunity to discuss any aspect of the US real estate market with you or individuals in your network. I can be reached at (240)486-3921 or raj@rajabout.com

All information in this paper (and the associated series of papers) is presented in good faith but its accuracy is not guaranteed. The author, Raj Purohit, is a licensed real estate salesperson in Virginia, Maryland and DC, and is not an attorney (in DC, MD or VA), accountant, financial or tax advisor. The information in this paper should not be used to influence any investment decision. Before making any investment decision, you are advised to consult with legal, financial and tax counsel.

Circulator Extended Route

Here at Bethesda Actually we are big fans of the next Circulator route – by driving down Battery Lane the Circulator provides an easy transport option for those who live in buildings ranging from the Madison to the Whitehall to the soon to open residences at the corner of Battery and Woodmont. Additionally, the fact that the new route takes you to Trader Joes is also really terrific. Good thinking folks!DSCF4982

Bethesda Circulator New Hours

new circulator hours