WASHINGTON, DC-Despite what he called underperforming capital and real estate markets, CarrAmerica president Thomas Carr called the REIT's first quarter performance "solid." Both revenue and net income were down.

WASHINGTON, DC-Lower interest rates pushed the sale of existing condominiums and cooperatives to new highs, according to the NAR. Sales were up 5.8% over the fourth quarter and 8.1% over last year.

WASHINGTON, DC-Charleston, SC-based Whitewood LLC bought the 144-room hotel, announced a major renovation and name change, and signed a long-term agreement with MeriStar Resorts & Hotels to manage it.

WASHINGTON, DC-The 12-story, 219,000-sf office building is fully leased, according to Fremont Properties officials, who didn't release financial details of the transaction. The building will undergo a minor cosmetic rehab.

VIENNA, VA -A sign of new life in the sluggish suburban office market, the national broadband networks provider inked a 10-year lease for space in a just-completed office tower in Fairview Park.

WASHINGTON, DC-Development of 50,000 apartments in 33 states could screech to a halt if lawmakers don't release funds to guarantee FHA-backed loans for multifamily developments, according to housing, banking and government officials.

WASHINGTON, DC-The REIT plans to renovate and reposition the eight-story, 219-room facility as an upscale, boutique hotel. It didn't release specific details of the multi-million dollar deal.

WASHINGTON, DC-GMAC's hospitality division provided the permanent financing for three hotels, two located in Texas and one in Arizona. Different investors own all the three hotels.