I realize this question was asked a few years ago (and self-resolved), but I only just encountered it yesterday and figured out what the actual problem was, especially if you don't want to add a new field to your data. Go into the Field Properties (right-click the Shape_AREA field header) and uncheck the "Make field read only" box, which now frees up the field for editing and calculating geometry, in or out of an edit session.
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