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COPT sold a 90% stake in seven of its data center properties for $238.5 million, establishing a joint venture with the Blackstone Real Estate Investment Trust.
Profits at Corporate Office Properties Trust were down again in the final months of 2016, even as the firm's president said he hopes it will be able to capitalize on an expected increase in defense spending.
Corporate Office Properties Trust said Tuesday it closed $54.1 million in office and land sales in the final months of 2016, including four deals in the Baltimore area.
Corporate Office Properties Trust, a Columbia-based real estate firm, said Thursday it earned $23.7 million in profits for shareholders in the third quarter, bouncing back from the losses incurred earlier this year.
A historic public financing deal to finance the redevelopment of downtown Columbia using tax increment financing is under increased scrutiny as the master developer, Howard Hughes Corp., overhauls the area into a vibrant, urban core.
Corporate Office Properties Trust on Friday reported profits of 3 cents per share for the three months that ended in March, down from 10 cents during the same period a year ago.
Corporate Office Properties Trust said Monday it sold two properties in Baltimore County for $44.5 million, just two of a flurry of deals it has made since September and anticipates in the new year.
Two buildings in Northern Virginia owned by Columbia developer Corporate Office Properties Trust have been turned over to the lender to satisfy a mortgage loan that was in default, the company said Tuesday.