(For more retail coverage, click GlobeSt.com/RETAIL.)
WASHINGTON, DC-Anecdotal evidence that Washington, DC areadevelopers and investors are seeking to lock in rates continues topile up. Two projects that recently completed refinancing includethe Crowne Plaza Hotel & Conference Center near WashingtonDulles National Airport in Herndon, VA for $30 million. Also inHerndon, Kohl's Department Store and a BB&T Bank secured $17.4million in refinancing.
The Washington, DC office of Holliday Fenoglio Fowler, LParranged both transactions, which closed in July and June,respectively, HFF managing director Mark Remington tellsGlobeSt.com. "Washington, DC remains extremely competitive," hesays. "It is a market where a lot of capital wants to go."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.