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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): November 20, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>PRIME GROUP REALTY TRUST<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD style="border-bottom: 1px solid #000000"><B>MARYLAND</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-13589</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>36-4173047</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
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    <TD width="49%">&nbsp;</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>77 West Wacker Drive, Suite 3900, Chicago, Illinois<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>60601</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(312) 917-1300.</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>NOT APPLICABLE<BR></B></TD>
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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
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<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="left" style="font-size: 10pt"><B>ITEM 1.01. Entry Into Material Definitive Agreement.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">On September&nbsp;9, 2008, Prime Group Realty Trust (the &#147;<U>Company</U>&#148;) filed a Current Report on Form 8-K
disclosing that on September&nbsp;3, 2008, Younan Properties, Inc. (&#147;<U>Purchaser</U>&#148;) became obligated to purchase 180
North LaSalle Street, Chicago, Illinois (the &#147;<U>Property</U>&#148;), from the subsidiary of the Company (&#147;<U>Seller</U>&#148;)
that owns the Property.


<P align="left" style="font-size: 10pt; text-indent: 4%">On November&nbsp;25, 2008, the Company issued a press release announcing that on November&nbsp;20, 2008, the Purchaser and
Seller amended the purchase and sale agreement (the &#147;<U>Agreement</U>&#148;) to (i)&nbsp;provide Purchaser certain credits
against the Purchase Price, and (ii)&nbsp;remove the Purchaser&#146;s right to extend the closing date past December&nbsp;17, 2008.


<P align="left" style="font-size: 10pt; text-indent: 4%">The gross purchase price for the Property is $120.0&nbsp;million, less $3.5&nbsp;million of credits the parties have agreed
to for various matters and subject to customary pro-rations, credits and adjustments. The Company currently estimates
that after closing adjustments, closing costs and necessary payments to defease the first mortgage loan on the
Property, the Seller will receive net proceeds of approximately $48.3&nbsp;million.


<P align="left" style="font-size: 10pt; text-indent: 4%">The Purchaser has completed its due diligence inspection of the Property and is obligated to purchase the
Property subject to certain customary conditions contained in the Agreement. In the event that the Purchaser defaults
on its obligation to purchase the Property, Seller&#146;s sole remedy is to retain $6.0&nbsp;million of earnest money as
liquidated damages.


<P align="left" style="font-size: 10pt; text-indent: 4%">There can be no assurances that all of the conditions to closing will be satisfied and that this transaction will
actually close, or that if it does close, it will close pursuant to the foregoing timetable or the terms set forth in
this Form 8-K.


<P align="left" style="font-size: 10pt; text-indent: 4%">This Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect management&#146;s current views with respect to future events and financial performance. The
words &#147;believes&#148;, &#147;expects&#148;, &#147;anticipates&#148;, &#147;estimates&#148;, and similar words or expressions are generally intended to
identify forward-looking statements. Actual results may differ materially from those expected because of various risks
and uncertainties, including, but not limited to, changes in general economic conditions, adverse changes in real
estate markets as well as other risks and uncertainties included from time to time in the Company&#146;s filings with the
Securities and Exchange Commission.


<P align="left" style="font-size: 10pt; text-indent: 4%">The Company issued a press release on November&nbsp;25, 2008 disclosing the foregoing matters set forth in this Form
8-K. A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and incorporated herein by reference.


<P align="left" style="font-size: 10pt"><B>ITEM 9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">(c)&nbsp;Exhibits.

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    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Prime Group Realty Trust dated November&nbsp;25, 2008.</TD>
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<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 10pt"><B>SIGNATURE</B>



<P align="left" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.


<P align="left" style="font-size: 10pt; text-indent: 52%">PRIME GROUP REALTY TRUST

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: November&nbsp;25, 2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<u>/s/ Jeffrey A. Patterson</u></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jeffrey A. Patterson</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXHIBIT INDEX</B>
</DIV>

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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit<br>No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release of Prime Group Realty Trust dated November&nbsp;25, 2008.</TD>
</TR>
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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 20, 2008
PRIME GROUP REALTY TRUST
(Exact name of registrant as specified in its charter)
MARYLAND
1-13589
36-4173047
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
77 West Wacker Drive, Suite 3900, Chicago, Illinois
60601
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(312) 917-1300.
NOT APPLICABLE
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01. Entry Into Material Definitive Agreement.
On September 9, 2008, Prime Group Realty Trust (the "
Company
") filed a Current Report on Form 8-K
disclosing that on September 3, 2008, Younan Properties, Inc. ("
Purchaser
") became obligated to purchase 180
North LaSalle Street, Chicago, Illinois (the "
Property
"), from the subsidiary of the Company ("
Seller
")
that owns the Property.
On November 25, 2008, the Company issued a press release announcing that on November 20, 2008, the Purchaser and
Seller amended the purchase and sale agreement (the "
Agreement
") to (i) provide Purchaser certain credits
against the Purchase Price, and (ii) remove the Purchaser's right to extend the closing date past December 17, 2008.
The gross purchase price for the Property is $120.0 million, less $3.5 million of credits the parties have agreed
to for various matters and subject to customary pro-rations, credits and adjustments. The Company currently estimates
that after closing adjustments, closing costs and necessary payments to defease the first mortgage loan on the
Property, the Seller will receive net proceeds of approximately $48.3 million.
The Purchaser has completed its due diligence inspection of the Property and is obligated to purchase the
Property subject to certain customary conditions contained in the Agreement. In the event that the Purchaser defaults
on its obligation to purchase the Property, Seller's sole remedy is to retain $6.0 million of earnest money as
liquidated damages.
There can be no assurances that all of the conditions to closing will be satisfied and that this transaction will
actually close, or that if it does close, it will close pursuant to the foregoing timetable or the terms set forth in
this Form 8-K.
This Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect management's current views with respect to future events and financial performance. The
words "believes", "expects", "anticipates", "estimates", and similar words or expressions are generally intended to
identify forward-looking statements. Actual results may differ materially from those expected because of various risks
and uncertainties, including, but not limited to, changes in general economic conditions, adverse changes in real
estate markets as well as other risks and uncertainties included from time to time in the Company's filings with the
Securities and Exchange Commission.
The Company issued a press release on November 25, 2008 disclosing the foregoing matters set forth in this Form
8-K. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit
No.
Description
99.1
Press Release of Prime Group Realty Trust dated November 25, 2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
PRIME GROUP REALTY TRUST
Dated: November 25, 2008
By:
/s/ Jeffrey A. Patterson
Jeffrey A. Patterson
President and Chief Executive Officer
EXHIBIT INDEX
Exhibit
No.
Description
99.1
Press Release of Prime Group Realty Trust dated November 25, 2008.