WASHINGTON, DC-Developers are now not depending on banks forfinancing and thus trying out different financing options tocontinue construction as they sense demand in office space. ExtellDevelopment Co., a developer of a 1,000-foot-height residentialbuilding in Manhattan, has secured part of its finance from theMiddle East partners.
Anthony Westreich, a developer of $300 million, 35-story officeproject in Rosslyn at 1812 North Moore St., has decided to startconstruction by investing $30 million in cash. For the fullstory, go to Wall Street Journal.
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