Commercial

'Fed Hike Saves New York Real Estate

Last week, the Federal Reserve did something it hadn't done in nine and a half years. After keeping its rates as close as possible to zero, Washington announced that they are increasing their interest rates.

'Real Estate News: First Potomac Realty Trust Sells Newington Business Park Center to Redeem a Portion of Series A Preferred Shares

The leading owner and operator of office and business park properties in the greater Washington D.C. region, First Potomac Trust, has announced the sale of the seven-building, 256,000 square foot Newington Business Park Center in Lorton, Virginia, for gross proceeds of $32.5 million.
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