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Content about Real Estate

September 14, 2011

National Harbor, the mixed-use development that became an overnight success continues to diversify and expand with the addition of a brand-new apartment project.

The Bozzuto Group and The Peterson Companies teamed up to announce in late 2010, plans to develop an apartment building at the $4 Billion National Harbor along the Potomac River in Prince George's county. Now more details of the project have surfaced.

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

June 25, 2012

Rockville-based, Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) has purchased an office building in the Ballston-Rosslyn corridor of Arlington, Va.

The eight-story, Fairgate at Ballston was built in 1988 and contains 147,000 square feet. It provides three-levels of underground parking for tenants that have leased 82 percent of the useable space in the building.

Washington Real Estate Investment Trust paid $52.25 Million for the building at 1005 N. Glebe Road, in an all cash transaction.

October 5, 2011

Bethesda-based First Potomac Realty Trust (NYSE: FPO) continues to be one of the most active real estate investment trusts in the region conducting large transactions from in the past several months from the NoMa district in D.C. to Sourthern Virginia and now in the Baltimore area.

The office and industrial focused company said it has completed a lease transaction with a large chunk of space in Hanover, Md.

August 16, 2011

The Bethesda-based company completed large lease tranactions as it extends its reach into southern Va.

First Potomac Realty Trust (NYSE:FPO)with headquarters in Bethesda, Maryland has made two significant lease transactions as it extends its reach from the Washington area to Southern Virginia.

Carrier Enterprises LLC leased 63,012 square-feet at Crossways Commerce Center on a seven-year term. Another lease was signed by Serco Inc for 54,054 square-feet at Diamond Hill Distribution Center on a five-year. Total combined leased space was 115,000 square-feet.

The industrial properties are located in Chesapeake, Va.

August 3, 2011

Annapolis, Md., based Chesapeake Lodging Trust (NYSE:CHSP), announced that in the second quarter of 2011 it has doubled the number of properties in its holdings. The lodging real estate investment trust (REIT) is also in the process of acquiring a hotel under construction in midtown Manhattan, New York, New York, the company has already committed $52.2 Million to the property.

Revenue for the second quarter ended June 30, 2011 totaled $29.8 Million, a big jump from last year's period when $8.7 Million in revenue was reported.

July 29, 2011

Washington Real Estate Investment Trust is shifting focus from what it labels as suburban properties (outside the beltway) and into holding urban properties inside the beltway.

Washington Real Estate Investment Trust (WRIT) (NYSE: WRE), is shifting focus from what it labels as suburban properties (outside the beltway) and into holding urban properties inside the beltway. The exception to the rule will be Tysons Corner and those areas close to existing Metro stations beyond the interstate highway boundary.