ARLINGTON, VA-The board of directors of the Northern Virginia-based REIT says the company will hold repurchased shares for possible future issuance. Both individual and institutional investors own most of FBR Asset's outstanding shares.
BALTIMORE-Cash flow will be used to pay off debt, fund project rehabs and for marketing, in accordance with terms of both the company's dividend policy and a financing deal, according to official.
ROCKVILLE, MD-Donald Wood will manage the trust's daily operations, in addition to having responsibility for the financial performance of the trust's 120 shopping center and main street properties.
WASHINGTON, DC-Zethus' online leasing and property management tools, scheduled to launch by June and backed by the Goldman Sachs Group, are aimed at tenants, owners and managers of commercial real estate.
MCLEAN, VA-The latest Freddie Mac issue demonstrates investor confidence in the long-term market, according to the corporation. The issue settles tomorrow, Thursday, Feb. 15.
BETHESDA, MD-New luxury hotels will be located in high-profile destinations and will feature contemporary Italian style. The companies plan to initially open seven hotels in select markets--limited to three or four.
LUTHERVILLE, MD-Mid-Atlantic Realty Trust's latest Baltimore County project is 100% leased. The shopping center's anchor store, the supermarket chain store Super Fresh, just opened this week with 58,000 sf.
RESTON, VA- Guardian Realty has expanded its metropolitan Washington office portfolio, announcing the purchase Monday of several office buildings in Northern Virginia. Since June 2000, the company has bought six office buildings in the region.