Regions Midatlantic | Washington, DC
JV Secures $53M Loan for Washington, D.C. Mixed-Use Development
May 1, 2008

The joint venture of Canyon-Johnson Urban Fund and Donatelli Development has secured a $53 million construction loan with Citi Community Capital for Park Place, a ground-up, transit-oriented development comprised of 161 residential units and town homes, and community-serving retail in the Columbia Heights/Petworth submarket in northwest Washington, D.C. The project is scheduled for completion in July 2009. Twenty percent of the units will be dedicated as affordable units, and all can be delivered profitably either as condominium units or as rental units. In addition, 16,000 square feet of retail space and 187 parking spaces in a secured underground garage will be included. Located above the Georgia Avenue and Petworth Metro Green Line Station, Park Place will connect to the remainder of Washington, D.C.’s subway system.

 
Recent Washington,DC Headlines
The Yards New Pavilion Heralds $1.7B Mixed-Use Project in D.C.
Aug. 08, 2008
Construction of The Yards, a 5.5 million-square-foot redevelopment endeavor in southeast Washington, D.C., by Forest City Washington, is in the works, and the company has just opened The Yards Pavilion (pictured) to give a peak at what is to come when the first phase of the project delivers late next year. An outdoor marketing gallery, The Yards Pavilion features exhibit panels and kiosks detailing the multi-faceted $1.7 billion project, the first structure of which will debut late next year as the 170-unit Foundry Lofts apartment building.
Eaton Vance Funds Grab Two-Building Suburban D.C. Office Complex for $95M
Aug. 08, 2008
A two-building office property occupied by CareFirst BlueCross BlueShield in Owings Mills, Md., has been sold to two owners.
Century Center Lowe Gets $116M Refi for DC-Area Office
July 30, 2008
Los Angeles-based Lowe Enterprises has refinanced Century Center I and II, a 624,600-square-foot office complex in Arlington, Va., for $116.1 million. The Washington, D.C., office of Holliday Fenoglio Fowler, L.P. placed the three-year adjustable rate loan with GE Real Estate.
Transwestern Completes $62M Financing for D.C. Office Building
July 29, 2008
Transwestern has arranged first mortgage financing in the amount of $62 million for 650 Massachusetts Avenue, NW , located in Washington, D.C. for Washington Television Center L.L.C.
NPR Acquires Its New HQ Building in D.C.
July 29, 2008
NPR, the Washington-based broadcast and digital media company, has closed on its acquisition of 1111 North Capitol Street, N.E. in the NoMa neighborhood of Washington, D.C.