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Author Archives: Paul Samuel

Real Estate Weekly: First Potomac Realty adds to portfolio

First Potomac Realty Trust of Bethesda said it spent $33.8 million to acquire two office buildings in Virginia and one in Maryland. The real estate investment trust paid $22.8 million for Cedar Hill I & III in Tysons Corner, Va. ...

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Real Estate Weekly: Site picked for new Social Security data center

The U.S. General Services Administration said it selected a site in Urbana, in Frederick County, for the Social Security Administration’s new national data center. The announcement did not specify the exact location, the size of the site or the size ...

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Real Estate Weekly: LaSalle Hotel Properties sells Minn. property for $20M

LaSalle Hotel Properties, a lodging real estate investment trust based in Bethesda, said it sold the 564-room Sheraton Bloomington Hotel in Minneapolis for $20 million. The REIT received net proceeds of $19.6 million after payment of transaction costs and fees, ...

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Real Estate Weekly: Md. pension system sells shopping center for $102M

The state retirement system sold an Annapolis shopping center, the Festival at Riva, for $102.5 million at the close of 2010 to Glendale, Calif.-based American Realty Advisors. According to Michael Golden, spokesman for the Maryland State Retirement and Pension System, ...

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Real Estate Weekly: Ex-Continental Realty exec launches real estate invesment firm

David M. Strouse, formerly the chief investment officer of Baltimore-based Continental Realty Corp., announced the formation of Birchwood Capital Partners, a multi-disciplined real estate investment and advisory firm. The company, which will maintain corporate headquarters in Baltimore, supplemented with an ...

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Real Estate Weekly: Cassidy Turley moves Wicomico industrial property for $4M

Cassidy Turley’s Baltimore office announced the sale of Wicomico Industrial Center, a 343,719-square-foot industrial building at 1601 Wicomico St. in Baltimore. Jonathan Carpenter, Jay Wellschlager and Philip Iglehart of Cassidy Turley’s Capital Markets Group represented the seller, LNR Partners, Inc., ...

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Real Estate Weekly: Pebblebrook Hotel Trust secures Goldman funding

Pebblebrook Hotel Trust of Bethesda, a real estate investment trust focused on luxury hotels in large urban and resort markets and coastal cities, said it closed a new $52.5 million secured loan with Goldman Sachs Commercial Mortgage Capital L.P. at ...

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