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September 21, 2012

Fifteen days into September, the Small Press Expo of Bethesda, Maryland celebrated its 15th year of operation.  The exposition showcases some of the nation’s most innovative and inspiring graphic novels, comics, and cartoons.  In tradition, the event organizers invited only independent artists to speak and/or sell their works to fans and curious newcomers over the weekend.

April 13, 2012

While the nation's capital continued its usual lead in office space construction, another surprise quarter occurred with the Maryland National Capital region leading the surrounding region.

According to March data from the Bethesda, Mid-Atlantic regional office of Transwestern and its research subsidiary, Alexandria-based Delta Associates, there was an estimated 7,204,726 square feet of office space under construction or reconstruction in the D.C. area.

April 13, 2012

While the nation's capital continued its usual lead in office space construction, another surprise quarter occurred with the Maryland National Capital region leading the surrounding region.

According to March data from the Bethesda, Mid-Atlantic regional office of Transwestern and its research subsidiary, Alexandria-based Delta Associates, there was an estimated 7,204,726 square feet of office space under construction or reconstruction in the D.C. area.

December 9, 2011
federal government allowed 96 percent of the office space under construction in the Maryland National Capital Region to be pre-leased

With a big help from the federal government, Maryland's "economic engine", Montgomery County, has managed to lead all jurisdictions outside the district in office space construction -- with nearly all of Montgomery County's primary office markets participating.

The latest data from Transwestern Mid-Atlantic with headquarters in Bethesda, shows office space construction in the county stands at nearly 2 million square feet, that puts it ahead of surrounding area jurisdictions including Fairfax and Arlington counties in Virginia.

October 21, 2011

With no opposition from residents, the development at 10914 Georgia Avenue won unanimous approval from the Montgomery County Planning Board Thursday.

The project will be the latest residential development from downtown Bethesda-based Washington Property Company, which is also building the residential high-rise at 1150 Ripley Street in downtown Silver Spring.

October 21, 2011

With no opposition from residents, the development at 10914 Georgia Avenue won unanimous approval from the Montgomery County Planning Board Thursday.

The project will be the latest residential development from downtown Bethesda-based Washington Property Company, which is also building the residential high-rise at 1150 Ripley Street in downtown Silver Spring.

August 23, 2011

Bethesda-based Lockheed Martin Corporation (NYSE: LMT) has signed an agreement with the intent to acquire QTC Holdings Inc -- a health care federal contractor.

The Diamond Bar, California company is the largest service provider of medical evaluations. QTC's clients include the U.S. Department of Veterans Affairs (VA). The company processed more than 450,000 evaluations for the department in 2010.

August 11, 2011

Bethesda-based RLJ Lodging Trust (NYSE: RLJ)the real estate investment trust (REIT) that completed an initial public offering (IPO) in May 2011-- reported its second quarter 2011 results.

Total revenue for the quarter amounted to $211.5 Million, which beat analyst average estimates of  $202.85 Million.

That total revenue was much higher than a disclosed second quarter 2010 amount of $139.4 Million

August 12, 2015

Strayer University isn’t the only new lease at 1803 Research Boulevard, the landlord was able lure three additional tenants at the corporate office building being currently under renovations financed by Bethesda-based Eagle Bankcorp.

The entire first floor space of 1803 Research Boulevard has been snatched up by four new tenants. Each floor plate in the building is approximately 20,000 square feet.

July 22, 2015

LaSalle Hotel Properties (NYSE: LHO) President and CEO said it best “Second quarter performance excelled in the areas that matter most,” that included double digit growth in adjusted funds from operations increasing 11 percent to $102.6 million.

July 8, 2015

In a increasingly competitive D.C. Area office market – for landlords, Bethesda-based, First Potomac Realty Trust (NYSE: FPO) (NYSE: FPO-PA) managed to sign four new small lease transactions totaling 19,073 square feet, all within Washington, D.C.

June 1, 2012

Bethesda-based RLJ Lodging Trust (NYSE: RLJ) expanded its portfolio of hotel properties with the acquisition of the Residence Inn by Marriott Bethesda Hotel Downtown and the Courtyard New York Manhattan/Upper East Side.

Marriott Bethesda Hotel Downtown is located in the Bethesda central business district close to RLJ's corporate headquarters at 3 Bethesda Metro Center. The property has 187 guest-rooms and was purchased for $64.5 million or $345,000 per room-key.

March 26, 2012

Bethesda-based lodging real estate investment trust DiamondRock Hospitality (NYSE: DRH) gained some cash as it completed 3-hotel portfolio disposition.

The buyer of the properties, Inland American paid $262.5 million for a combined 1,422 guest rooms. Bethesda-based Marriott International (NYSE: MAR) will continue to manage all three hotels.

February 16, 2012

First Potomac Realty Trust (NYSE: FPO),the Bethesda-based real estate investment trust (REIT) which recently acquired a 51% interest in two northern Virginia office buildings said Core Funds From Operations (FFO) totaled $14.9 million for the fourth quarter 2011, or $0.28 per diluted share compared to $12.95 million in the fourth quarter 2010. Analyst, using that measure had predicted an average of $0.27 cents per share.

February 14, 2012

Bethesda-based Host Hotels & Resorts, Inc. (NYSE: HST) announced fourth quarter and 2011 full year financial results today that met expectations of financial analysts.

The lodging real estate investment trust (REIT) increased total revenues and reversed to a net income in the fourth quarter 2011 from a net loss on a diluted earnings per share basis in the fourth quarter 2010. The jump in revenues was the result of 14 hotel property acquisitions since July 2010.

February 8, 2012

Coventry Health Care, Inc. (NYSE: CVH) reported higher revenues but lower profits for the fourth quarter 2011 even with the positive impact of Medicare Advantage Private Fee-for-Service (MA-PFFS) product which added $0.02 to earnings per share.

January 5, 2012

Developer of the North Bethesda Center and the U.S. Patent and Trademark Office, in Alexandria, was presented with five awards for Marketing and Advertising Excellence (MAE) at the 2011 annual Property Management Association event.

November 28, 2011

Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology company, headquartered in Bethesda, Maryland. With annual revenues of over $45 Billion, Lockheed Martin is the largest publicly traded company in the D.C. area.

Lockheed’s dividend yield is 5.27, its payout ratio is 36.64 and its ex-dividend date is November 29, 2011.

November 11, 2011

The existing gas station at 7100 Wisconsin Avenue is expected to be demolished by 2012's end

Washington Property Company is moving forward with plans to redevelop a gas station purchased by the company and turn it into mid-rise luxury apartments.

The 0.58 acre site located at 7100 Wisconsin Avenue is on the southern end of the Bethesda central business district (CBD), the site is highly visible from Bethesda's main thoroughfare and will add to several residential projects already under construction or close to breaking ground within Bethesda's CBD.

October 31, 2011

The Courtyard by Marriott Charleston Historic District hotel is RLJ Lodging Trust's first entry into the South Carolina hospitality market

For $239,999 per room key, Bethesda-based Lodging REIT RLJ Lodging Trust (NYSE:RLJ) purchased the Courtyard by Marriott Charleston Historic District hotel for what's noted as a substantial discount.

October 25, 2011

With the new tenant signings, Three Flint Hill is now 28 percent leased.

For the third time this month, Bethesda-based First Potomac Realty Trust (NYSE: FPO) has announced new leases signed at one of its recently acquired properties.

This time companies took space at Three Flint Hill. The property located 3201 Jermantown Road in Oakton, Va was vacant when First Potomac purchased it in April 2010 now three new tenants have taken up a total of 50,000 square feet of space.

October 10, 2011

Purple Line enters Preliminary Engineering (PE) phase.

The controversial light-rail project that will connect Bethesda and New Carrollton via Silver Spring has received the go-ahead from the Federal Transit Administration (FTA) to enter the Preliminary Engineering (PE) phase.

The Maryland Transportation Administration (MTA) will move forward with detailed specifications and plans for the 21-station system. The 16.3-miles Purple Line is expected to have a total project cost of $1.9 billion. It would take about an hour to travel from Bethesda to New Carrolton via the system.

September 30, 2011

Falls Church-based General Dynamics (NYSE: GD) is following up on its August 16 announcement of its intent to purchase Vangent Holding Corp.

September 7, 2011

Defense giant, Bethesda-based Lockheed Martin (NYSE: LMT) won a contract from the U.S. Air force to supply paveway II Plus Laser Guided Bomb (LGB) GBU-12 guidance kits.

The agreement is part of an overall five-year, $475 million multiple-award contract initiated August 1, 2011. Lockheed Martin took majority share of an initial $134 million paveway II Plus LGB procurement, the defense contractor's portion totaled $100.5 Million.