First Potomac Realty Trust, a Bethesda real estate investment trust that has announced plans to merge with another REIT based in Massachusetts, now plans to lay off 72 workers in Maryland. First Potomac told the state Department of Labor, Licensing and Regulation ...

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First Potomac Realty Trust, a Bethesda firm that owns, manages and develops office and business park properties in and around Washington, reported a loss in its second quarter results. The company lost $2.7 million, or 5 cents per diluted share. ...

Tagged with: first potomac realty trust Government Properties Income Trust

Massachusetts-based Government Properties Income Trust has agreed to purchase Bethesda-based real estate investment trust First Potomac Realty Trust for $1.4 billion. The deal includes assuming First Potomac Realty Trust’s debt in addition to the purchase price. Shareholders will receive $11.15 ...

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A Bethesda-based real estate investment trust has sold a development site in Washington as part of its strategy to sell off $350 million in property to reduce risk in its portfolio. First Potomac Realty Trust has sold Storey Park, a ...

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Bethesda-based First Potomac Realty trust has sold a Northern Virginia portfolio of office buildings to Finmarc Management Inc. for $90.5 million. The portfolio consists of 26 buildings that total 946,000 square feet of space that was 78 percent leased at ...

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A Maryland real estate firm has sold off more of its Virginia property to help fund an upcoming share redemption. First Potomac Realty Trust, a Bethesda-based owner and operator of office and business park properties in greater Washington, sold three-story ...

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Bethesda-based First Potomac Realty Trust, which owns and operates office and business park properties in the greater Washington region, has sold a Virginia property for $32.5 million. The company sold Newington Business Park Center, a seven-building, 256,000 square foot industrial ...

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First Potomac Realty Trust, a Bethesda-based owner of office and business park properties in the greater Washington D.C. region, on Tuesday announced that its board of trustees has authorized a share repurchase program. Under the share repurchase program, the company ...

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First Potomac Realty Trust, of Bethesda, which focuses on office and business park properties in the Washington region, reported an 18 percent increase in funds from operations for the fourth quarter and a 7.5 increase for the year. For the ...

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Real Estate Forum recently included him in the magazine's 40 under 50 list.

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