EXPAND YOUR REAL ESTATE BIZ AND WE'LL THROW IN A BASEBALL TEAM

DC's Anacostia Waterfront Corp., four developers and a New York-based consultant soon will announce their "master development" plans for the area around the baseball stadium, said the WaPo.

Though playing a limited direct role in the development, the Lerners will help decide what is built on the 21-acre footprint of the stadium itself, city officials said. They also will have a 42 percent interest in the development of some land south of the stadium.

"We haven't had the opportunity to see all the plans and discuss with the D.C. Sports and Entertainment Commission and the [Anacostia Waterfront Corp.] all their plans," Edward L. Cohen, principal at Lerner Enterprises and one of Ted Lerner's sons-in-law, said at a news conference last week.

"We think it's a great area," Cohen said, pointing out that his company is building a 190,000-square-foot office building at 20 M St. SE and plans another building at 1000 S. Capitol St. SE.

The synergies abound.