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RESTON, VA-A hotel refinancing and a multifamily development groundbreaking have made for a busy week for the Reston submarket—and perhaps augur more to come as the opening date for the Reston metro station gets closer and closer.

In one transaction, RBS Citizens Bank provided $33 million in permanent financing for the Sheraton Reston Hotel, owned by a JBG Cos. entity. The 301-key hotel has 23,000 square feet of meeting space and recently decided to undergo a renovation. CBRE‘s Joe Donato and Matt Williams represented the borrower in the transaction.

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