WASHINGTON, DC-MeriStar Hospitality Corporation posted strong results for the last quarter as well as the year 2000. Earnings improved 5.7% to $79.3 million while revenues increased 6.9% to $341.1 Mil with a 72.2% occupancy rate.

WASHINGTON, DC-Lerner Enterprises and its affiliate, LMH Realty Group, plan to build a 10-story 190,000-sf class A building at 20 M Street, SE. The $45 million project will be across from the Navy Yard Metro Station.

WASHINGTON, DC-CarrAmerica Realty reports a strong finish to 2000 with an FFP return of 15.6%. The company's operating performance remains strong with an average occupancy rate of $96.9% and projects in work with commitments at 95.5%.

WASHINGTON, DC-The Carlyle Group is the recipient of $12.5 billion in investment funds from the California Public Employees' Retirement System. During the next two years, CalPERS could invest an additional $425 million with Carlyle.

FALLS CHURCH, VA-Software designed to provide real-time access through separate secure Web sites for real estate transactions is now on the market. Settlement Room Inc. is introducing software that promises to virtually eliminate communication snafus.

WASHINGTON, DC-While the economy is slowing down, housing affordability is increasing according to a National Association of Realtors report. Fourth quarter 2000 index of 132.9 is up 8.2% from the 124.7 reported in the previous quarter.

WASHINGTON, DC-The US General Services Administration has completed consolidation of the Federal real property regulations, 66 FR 5358. Copies of the regulation, which are in a question and answer format, are available at the agency's website.

WASHINGTON, DC-BOMA cites a national energy policy, telecommunications access and tax relief for leaseholders as the organization's top three legislative issues. The issues were selected during the final days of its annual convention ending yesterday, Jan. 30.