ROCKVILLE, MD-In line with First Call consensus, Washington Real Estate Investment Trust is projecting its year 2001 funds from operations at $1.94 per share. The company cites four major elements for its projections.

WASHINGTON, DC-The Bernstein Cos.' Consortium Capital Fund, in a joint venture with DRI Partners Inc. and CG Investments Inc., provided equity funding for the $12-million purchase of a 44,833 sf parcel of land at the corner of Massachusetts Avenue and 5th Street, NW.

ROCKVILLE, MD-Fallsgrove Corporate Center, one of three office projects planned for the 257-acre mixed-used development in the 270 corridor, will break ground soon. The 208,000 sf, eight-story building is scheduled for completion in the spring 2002.

WASHINGTON, DC-Crescent Real Estate Equities Company, a REIT specializing in upscale commercial properties, is contracting Cogent Communications Inc. to install fiber-optics network and Internet access to 57 properties.

WASHINGTON, DC-Although mall rents will not be immediately affected, department stores could look forward to mergers. Maintaining market share is critical to survival in this economy.

WASHINGTON, DC-Insignia/ESG adds an executive director, sales associate and two financial analysts to its professional staff. John M. Germano is the new executive director of its Tyson's Corner, VA office.

COLUMBIA, MD-Three companies are locating businesses in the Gateway Corporate Center. Corporate Office Properties Trust has signed leases with Royal and SunAlliance, Coventry Health Care, and U-CONN Technology Inc.

HERDON, VA-The newly released compensation report from the National Association of Industrial and Office Properties reveals that the median base salary for CEOs of development companies is $200,000 with incentive and compensation packages totaling $64,000.