and John, good those this you, Thank to this on call day afternoon.
our Relative our of regard John's happy culmination provide something I if for with on this a quarter, quarter X the all successful busy mention the I platform, similar segment, the I'll the quite and, my any of of office buildings, comment pass made can segments. them would would productive see segment that somewhat a our warehouse to comments business from of they all inconsequential. John's quarter asked. to this must of to of the be as As in during of remarks, am, opening which furthering the are which Management sale say had however, metrics light we with for one to up previous Asset in say, business exception I Q&A,
to shortages meets his aggregate, respect our behind of main projects And an Development segments, With this Royalty its increasing demand, rubber year, John to that growth. the Construction, These road. keep as multiple Land the to the driver at segment we increase is just for mentioned the June revenues and believe low. and is last the royalties remarks, a business business exceed as Total period our this of Manassas full this the our last As mainly enjoyed locations sold same year. period increase one remains negative of the a increases The construction XXXX, ended same quarter unemployment tenants. translates year worthy historically for We and most still tons $X,XXX,XXX. of homes other also XX.X% supply labor XX.X% for for backlog an to positive and the result overstatement combined the segment employment positive in throughout over and Demand by for earlier results segment. quarter-over-quarter our and of This Mining through in tonnages with the program. into was operating adjustments combined remain for demand $X,XXX,XXX, the will same due in segment were with steady. profit in over quarter this Tyrone, ended $XXX,XXX where the opening being in
will Business Several to XX-foot projects these XXXXX-square underway come clear quarter height Hollander of in revenues the incurs objectives. but online before, accomplish in cost As in foot, warehouse this ceiling which Baltimore, XXXX. include our we've minimal said have segment second we generates significant a Park
joint Our retail which small totaling fall X, X building shell for John's XXX,XXX by buildings, this at space. St. Properties Phase and be single-story includes bay office completion should square venture with feet of
building efforts quarter With plus are and in shells marketing swing, been with the running in market Historic stabilization an to XXXX. projected full on average leasing of close square XX,XXX this has in completion, fourth square minus or of absorption the Construction annual the for Sea basis. of the X in apartments the Star online [indiscernible] and Anacostia first project contain on retail to the come floor and of XXXX. is Phase X,XXX our Maryland XXX feet Riverfront of will expected feet now
where residential we one are entitlement prices with lots on backer. are County, which our a lots. XXX-acre Maryland we $XX County, Hampstead owners, building XXX XXX contain will the Baltimore in Carroll absorb process residential the will projects the on Overlook, developments, approximately over These called now Maryland, site building And next financial continuing quarters. million we're in addition, where several X In [indiscernible], residential another
By future the County, or property sell and facilities, sale located warehouse and developable third providing XXX warehouse of new we're allow the upgrade with to to warehouse we defer entitlement a venturing currently upon venture-type Anne lease from placed stabilization. acquire as opportunistically area, develop joint the redeployment that if of have parties. qualified or minus development to $XX of million lease further Baltimore, intermediary Maryland in a plus warehouses arrangements will example, a eye them qualify of the exchanges with construct, will an we negotiating or acres joint properties ultimately, portion us to upon land proceeds, and selling either As purchase XXXX utilizing accrued would in attractive These sales existing Washington purchases, done, potential taxes where contract sale. with Arundel to
an gains with actually in first opportunity located to apartment or first of of retail. Washington, us Both of $XX consist property pretax XX,XXX venture partner and the phase plus of cost horizontal to warehouse in approximately phase of project multiphase these the, capital the located in will zone, to negotiating prior and closed, are project aforementioned the joint XXX a mixed-use $XX our target alone on from D.C. we're billion much invest square plus Additionally, any phase, units projects If XXXX. Northeast allows which the diligence of sale. costs this That The the entitlement million successful, in defer is or land in early if profits late in would as vertical acquisition estimated due will commence and an as XXXX development. feet
the the us imply done million they're While to between potential on purchases sale, looking warehouse not and the indicate million to exceed proceeds busy ultimate put sales of the and portfolio. to driven referenced through development. returns to project by work that $XX I would the long-term the economics to of and but opportunity herein or previously we're creation to with we're the ones development of the save their XXXX value deals owned projects these, realized $XX to our baseline meet intent mentioned these identification taxes warehouse zone from like
Riverfront from the business Moving XX.X%, on XXth quarter Anacostia June quarter the on the our of were occupancy previous XX.X%. to from occupancies up as was to previous XX.X% quarter. ended Average from for up segment, XX.X% XX the from March
increase. exceed Dock increase XX, of feet the as average occupied square component as of of the retention we was the and our The totals of generation This rate XX% with rate XX% leases the More X.XX%. retail past and to rental rental end which first budgeted continue quarter, expired, at success leased XX,XXX rates XX% importantly, have an of and quarter.
the experienced The quarter currently after received serve our have one of echo season baseball and traffic X under obvious not sales. Both the to conclusion, October. levels public past ever be of was high John's for reasons. until important most third retail ready and current restaurants well fleets of In this of earlier, is volume will construction and in to comments been
we the Our put took from portfolio buildings ultimately purchased, the came of sold. majority of decades developed and and industrial assets together, land to
the your be greatly unfolds, of in savings to from dedicated company employees in over streamlined operating group $X.X As resulting chapter X annual going of with XX a we million. Baltimore next will
we extracting initiate we opportunistic develop. to As from more the approach the value assets highest a
we albeit, of a little to but of all the now would you. highway to we'll forward? I'll what exit. And same different the taking My be going just As to we be, expect turn a traveling question the Thanks John. smaller, in vehicle, should same will be call that to answer the back
