Real estate investment trust could strew jobs in lead-up to merger
Via Maryland Department of Labor, Licensing and Regulation
A internal genuine estate investment trust has warned a state it could strew 50 Bethesda employees by Oct. 1.
First Potomac Realty Trust on Friday filed a notice about layoffs during a 7600 Wisconsin Ave. headquarters, according to a Maryland Department of Labor, Licensing and Regulation. The association also told a state it could cut 22 employees during a Columbia location.
The proclamation of intensity layoffs follows news that Government Properties Income Trust is appropriation First Potomac in a $1.4 billion transaction approaching to tighten by a year’s end. First Potomac done a partnership agreement open in late June.
In an essay about the intensity layoffs, a Washington Business Journal reported that First Potomac is Greater Washington’s 87th largest open traded company, with about 120 employees.