BALTIMORE, MD-Company officials say its first-quarter financing includes $173.5 million in secondary market transactions, $47.2 million in construction loans, $45 million in permanent loans and $43.7 million in equity syndications.
WASHINGTON, DC-Most apartment residents use their computers to work at home and say having a high-speed Internet connection would impact their decision to rent an apartment, according to the survey.
WASHINGTON, DC-Cohen, Milstein, Hausfeld & Toll, a law firm specializing in class action suits, has joined the suit against the REIT. The lawsuit seeks to recover damages on behalf of those who purchased stock between November and March.
ROCKVILLE, MD-Washington Real Estate Investment Trust expects a first-year return on investment on the 12-story office building of 10.4%. The building is nearly fully leased.
WASHINGTON, DC-The Federal Reserve's decision to cut interest rates by a half of a percentage point could help bolster the commercial real estate market, according to an analyst.
WASHINGTON, DC-MeriStar has signed a multi-year contract to manage a Maryland golf course, its first in the mid-Atlantic region. The course is part of the Swan Point community being developed by USX Realty.
WASHINGTON, DC-Despite increasing energy costs and a sluggish US economy, Marriott reports its first-quarter earnings exceeded expectations across its brands. Even so, revenue growth has "clearly slowed," according to its CEO.
WASHINGTON, DC-Velocita Communications has leased 10,000 sf at the Edgewood Technology Center. The lease is the first for the 121,000-sf center since it was purchased last October.
WASHINGTON, DC-The board of directors of the nation's largest source of financing for home mortgages has announced plans to pay dividends on both its common and preferred stock.