Comstock Holding shifts business strategy to commercial development

Comstock Holding Cos. Inc. is moving away from homebuilding and turning its attention to commercial development, asset management and real estate services. The shift in its business focus, announced in a statement on Monday, follows a long-term asset management agreement among a wholly owned subsidiary of Reston-based Comstock (NASDAQ: CHCI) and privately held entities that covers mixed-use developments in Greater Washington and assets at stations along Metro’s Silver Line. The change puts the…

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