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2800 16th St., NW

DEAL TRACKER

PRINCE GEORGE’S COUNTY, MDKatten represented an affiliate of the Peter N.G. Schwartz Management Co. to help it secure $245 million in construction financing for the development of the new national headquarters for the US Citizenship and Immigration Services. Federal Funding Group LLC is the lender, which was represented by Thomson Hine, but after the closing the loan will be transferred to USCIS Lease Finance Trust, a trust of investors. Prince George’s County is providing $29 million in incentives to the project. The Katten team consisted of Ken G. Lore, Julia E. Schmidt, Harold A. Levy, Gregory P. L. Pierce, Patrick M. Filice, Adam L. Stoddard and Jeff J. Friedman.

WASHINGTON, DCHFF has secured $96 million in joint venture equity for EastBanc’s Adams Morgan apartment project at 2800 16th St., NW. HFF arrange a joint venture partnership with Mitsui Fudosan America for the project, whose costs will total approximately $110 million. Groundbreaking is expected in early 2019. The HFF team included Walter Coker, Brian Crivella and Stephen Conley.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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