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MoCo’s Congressional North Shopping Center acquired for $72M
Federal Realty Investment Trust has announced the acquisition of Rockville’s Congressional North Shopping Center for $72.3 million.
WRIT buys iconic D.C. office building
Washington Real Estate Investment Trust, of Rockville, a real estate investment trust that owns commercial and multifamily properties in the Washington area, announced it paid $79 million to purchase The Army Navy Club Building, a 108,000-square-foot, iconic office building at 901 17th St. N.W., in Washington.
DiamondRock’s FFO rises in 1st quarter
DiamondRock Hospitality Inc., of Bethesda, a real estate investment trust that owns 27 upscale and luxury hotels, said first-quarter funds from operations — a key measure of a REIT’s financial performance —totaled $26.8 million, compared to $25.5 million for the same period in 2012, a rise of nearly 5 percent.
REIT sells Rockville office building
Washington Real Estate Investment Trust, of Rockville, which invests in income-producing commercial and multifamily properties in the Greater Washington metropolitan area, said it completed the sale of The Atrium, an […]
Marriott acquires Gaylord hotel brand for $210M
Marriott International Inc. has agreed to buy Gaylord Entertainment Co.’s hotel brand and management company for $210 million to expand its convention business. The transaction will add four hotels and […]
Real Estate Weekly – 5/25/12: More funds OK’d for school construction
Home Builders Association presents Awards of Excellence The Sales and Marketing Council of the Home Builders Association of Maryland presented dozens of Awards of Excellence at its annual ceremony this […]
Host Hotels & Resorts’ 4th-quarter FFO improves
BETHESDA — Host Hotels & Resorts Inc.’s fourth-quarter funds from operations improved as the lodging real estate investment trust’s occupancy improved and room rates rose. Host Hotels funds from operations […]
COPT sells 5 White Marsh office buildings
Corporate Office Properties Trust, of Columbia, announced it sold five buildings in the White Marsh area for $19.2 million. The buildings contain approximately 163,000 square feet of space and were […]
Host Hotels & Resorts 3rd-quarter FFO improves
BETHESDA — Host Hotels & Resorts Inc. said Wednesday that its third-quarter funds from operations improved because room rates climbed and occupancy improved. But the Bethesda-based lodging real estate investment […]
American Capital Mortgage shares sink in debut
NEW YORK — Shares of American Capital Mortgage Investment Corp. are dropping in the real estate investment trust‘s trading debut. The subsidiary of asset management company American Capital Ltd. sold […]
Host Hotels 2Q FFO improves on better occupancy
BETHESDA — Host Hotels & Resorts Inc. said Wednesday that its second-quarter funds from operations improved as the lodging real estate investment trust saw occupancy improve and room rates climb. […]
