Northrop Grumman Selects Falls Church for New Headquarters

July 12, 2010 by · Leave a Comment 

It’s official!  Northrop Grumman, which months ago said that it had given Virginia the edge in the race for its new corporate offices, has signed an agreement to purchase 2980 Fairview Park Drive in Falls Church, Virginia. According to its press release, Northrop Grumman “expects to initiate operations in the new corporate office facility in the summer of 2011 with employees from the company’s Los Angeles and Arlington, Va. offices.”

If you’re a Northrop Grumman employee relocating to Falls Church, please contact us, your Falls Church real estate experts, to discuss homes in our area, and read more below.

Washington, DC, Northern Virginia, and suburban Maryland are fantastic places to live, as you will soon discover. Obviously there are lots of other factors to consider in choosing a new neighborhood: schools, taxes, amenities, and lifestyle just to name a few. There are lots of great places to live in DC, MD and VA. Here are a few other tips to get you started:

1) Decide whether to rent or buy. If you’re looking for rental resources, check out my web page here. But I’d seriously considering buying if your expected time frame for living here is four years or more. Prices are lower than they’ve been in years, interest rates are low, and opportunities abound. Washington, DC, and Arlington were just named two of the top ten places to live in a recession.

2) Carefully consider your commute time in choosing where to live. Most transferees to our area are shocked by the commute time—it can easily be 30 minutes to go just 3 or 4 miles, so don’t just look at a map and decide “it’s not that far.” This area’s congestion is among the worst in the nation. Our public transportation system is very good though; our subway system (known as Metro) is fantastic, though very expensive to live near. And don’t forget VRE and MARC trains. If you’re willing to commute by rail, you can get a lot more for your housing dollar. Commute times also vary widely based on whether you choose to live in the District proper, Maryland, or Virginia.

3) Get ready for sticker shock. Despite the national downturn in housing, prices in the Washington, DC, area have held up much better than other parts of the country, especially in close-in areas with under-an-hour commute times or along a metro line. For example, a one bedroom condo in North Arlington along the orange line will run you in the high $300s. But there’s some good news: there are definitely some pockets of under-valued homes right now—areas that were hit disproportionately hard by foreclosures and short sales in recent years, and in my opinion are primed for a comeback due to their proximity to public transportation and/or area demographic and employment trends. Keep in mind, though, that foreclosures and short sales, while attractive in terms of pricing, come with a host of other challenges that may be particularly difficult for someone on a tight timeline.

More Resources: Search homes for sale near Falls Church, Virginia

Looking for more info on area schools, government, crime stats, or cultural events? Check out our web page here. There’s an amazing array of activities and events in this area.  You might also find some helpful resources on our relocation website.

More Resources: Request Falls Church Community Report

If you need help with your relocation, please contact us to discuss the local market and your needs. Put my local knowledge, experience, and consultative background to work for you. I’m licensed in Virginia, Maryland and the District of Columbia, and I’d be happy to help you with your real estate needs!

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