Regions Mid-Atlantic | Washington, DC
Vornado Secures $82.5M to Refinance Suburban D.C. Office Building
The chilly credit market apparently warmed up for Vornado Realty Trust, which just wrapped up the refinancing of its 442,000-square-foot office property just outside of Washington, D.C., in Arlington, Va., courtesy of an $82.5 million loan.
Cassidy & Pinkard Wins 72,100SF Reston Leasing Contract
Cassidy & Pinkard Colliers has been selected by The Bernstein Cos. to provide exclusive marketing and leasing services for 12220 Sunrise Valley Drive, a 72,100-square-foot office building in Reston Sunrise Park in Reston, Va.
Kaiser Permanente Inks 200,000SF DC Office Lease
Healthcare provider Kaiser Permanente has signed a lease for more than 200,000 square feet at 700 Second Street at Station Place, in Washington, D.C.
DC Office Market Sees Absorption for Third Straight Quarter
The Washington, D.C., metropolitan area experienced negative overall net absorption for the third consecutive quarter, according to a report by Cassidy & Pinkard Colliers, but there are some signs that the market may be at or near a bottom.
With Fannie, Freddie Still Active, DC-Area Portfolio Fetches $79M in Financing
Throughout the credit crisis and their own internal financial trials,government-sponsored enterprises Fannie Mae and Freddie Mac have continued to steadily dole out loans in the multi-family market, and The Cafritz Cos. is among the latest firms to take advantage of the entities' willingness to lend. Cafritz has just secured $79.2million in permanent financing for a five-property portfolio in Metropolitan Washington, D.C., relying on Fannie Mae's multi-family lending programthrough M&T Realty Capital Corp.
60,400SF Virginia Medical Office Trades
JAG Associates L.L.C. has acquired a seven-story medical office building in Alexandria, Va.
ING Clarion Lands $51M Financing for Maryland M-F
ING Clarion Partners has secured $51.4 million in first mortgage financing for Columbia Town Center, a 531-unit multi-family complex in Columbia, Md.
JBS, Buvermo Nab $32M in Financing for D.C. Office
The JBG Cos. and Buvermo Properties Inc. have secured $32 million in financing for One Choke Cherry, a Class A office building fully-leased to the Government Services Administration in North Rockville, Md.
Strong D.C. Fundamentals Help Attract $104M Office Financing
Washington, D.C., is feeling the effects of the economic slump, but the area office market remains attractive enough to help reel in lenders willing to part with the big bucks. Perseus Realty L.L.C., with the assistance of affiliate Perseus Realty Capital L.L.C., has obtained $103.5 million in financing for its 309,500-square-foot Class A office property at 1110 Vermont Ave. N.W. in D.C.'s Central Business District.
Orlando Office Market Struggling to Stay Even
Mounting concerns surrounding the health of the economy, meshed with sluggish employment growth, continue to drag down markets across the country. Orlando’s office market--although somewhat buoyed by employment growth experienced in the hospitality and tourism sectors--is no exception.
 

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