Inview House, a 207-unit, 18-story apartment building in the Landmark area of Alexandria, has been sold for more than $6 million to a local investment group headed by Stephen Goldberg, a major owner of rental apartments in his area. Coldwell Banker negotiated the sale. The seller, F.W. Berens, Inc., a division of Pennamco (itself a subsidiary of First Pennsylvania Bank), acquired the property in 1974. It was originally developed as a condominium.
The fourth edition of the 184-page New Settler's Guide for the Washington area has been published by Robert B. Minogue of Potomac. The $2.95 book covers housing, taxes, services and facilities in local communities.
ASCO, Ltd (formerly Anderson-Stokes, Inc.), which has wide ranging realty and development operations on the Rehoboth waterfront and on the Eastern Shore, reported profits of $745,681 ($.63 a share during the year ending Jan. 31.
Virginia Mortgage & Investment Co. Inc. of Arlington, said it has placed permanent financing of $12 million for buyers of condominium apartments in the 208-unit Alexandria House, a high-rise in Old Town Alexandria. The building, now more than 90 per cent sold, was taken back by the lender last year.
The 3-4 unit Georgetown Overlook condominium at 1318 22d St. NW now has deposits on all of the efficiency, one and two-bedroom units, according to Holland & Lyons, the developer. Contract sales on the $53,000 to $73,000 units are expected to be made within a few weeks.
Shannon & Luchs has opened on office in Vienna, Va., its 16th. Thomas Stevens is the manager.
Area chapters of the National Association of Home Builders will hold a regional trade show Sept. 20 at the Washington Hilton, where many products and materials used in area home building will be displayed. Information is available at 588-1977.
Robert Arquilla, president of the National Association of Home Builders, told the Senate Banking, Housing and Urban Affairs Committee recently that shortages of insulating materials would occur if Congress enacts legislation to mandate insulation standards for all new homes and new buildings by 1985.
The National Assoication of Realtors reported that there was a dip in sales activity in California during the last two months. But nationwide, for the first five months of this year, there was continued upsurge in house resales across the nation. Nationally, the median resale house price rose 12 percent in the past year to $42,200 but the rate and average prices vary sharply in different areas of the nation. Resale houses in this area now average about $63,000 and new houses, $70,000.