Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Fisch Clinton D
   2. Issuer Name and Ticker or Trading Symbol
Columbia Equity Trust, Inc. [COE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
1750 H STREET, N.W., SUITE 500		 3. Date of Earliest Transaction (Month/Day/Year)
03/01/2007
(Street)

WASHINGTON, DC 20006		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value per share 03/01/2007   D   2,700 D $ 19.5 (1) 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Units (2) $ 0 03/01/2007   D     42,254 07/05/2006   (3) Common Stock 42,254 (4) 0 I Held by Carr Capital Corporation
Units (2) $ 0 03/01/2007   D     53,705 07/05/2006   (3) Common Stock 53,705 $ 19.5 (1) 928 I Held by Carr Capital Real Estate Investments, LLC
Units (2) $ 0 03/01/2007   D     928 07/05/2006   (3) Common Stock 928 (5) 0 I Held by Carr Capital Real Estae Investments, LLC
Units (2) $ 0 03/01/2007   D     2,205 07/05/2006   (3) Common Stock 2,205 $ 19.5 (1) 0 D  
LTIP Units (6) $ 0 03/01/2007   D     15,699 07/05/2006   (3) Units 15,699 $ 19.5 (1) 5,968 D  
LTIP Units (6) $ 0 03/01/2007   D     5,968 07/05/2006   (3) Units 5,968 (7) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fisch Clinton D
1750 H STREET, N.W.
SUITE 500
WASHINGTON, DC 20006		       Senior Vice President  

Signatures

 /s/ John A. Schissel Attorney-in-Fact   03/05/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Disposed of for $19.50 in cash pursuant to a merger agreement.
(2) Units of limited partnership interest of Columbia Equity, LP ("Units") may be redeemed for shares of the issuer's common stock on a one-for-one basis or, at the election of the issuer, cash equal to the fair market value of such shares, beginning July 5, 2006.
(3) Expire upon dissolution or expiration of the term of Columbia Equity, LP, whichever occurs first.
(4) Disposed of pursuant to merger agreement between issuer and SSPF/CET Operating Company, LLC ("Acquiror") in exchange for 23,439 common units having a value of $19.50 per unit on the effective date of the merger. The balance was disposed of pursuant to the merger agreement for $19.50 per unit in cash.
(5) Disposed of pursuant to merger agreement in exchange for 928 Acquiror Preferred Units, having a market value of $19.50 per unit on the effective date of the merger.
(6) LTIP Units may be converted into Units on a one-for-one basis.
(7) Disposed of pursuant to merger agreement in exchange for 5,968 Acquiror Common Units.

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