Wednesday, October 12, 2011

Morning Real Estate Review

Edens & Avant Announces Refinancing (PR Newswire) Edens & Avant announced [yesterday] it has closed on the refinancing of its $350 million unsecured revolving credit facility and $30 million unsecured working capital line.

Hines Venture Seen Paying at Least $800M for D.C. Office (Commercial Real Estate Direct) A venture led by Hines Interests has struck a deal to pay $571.50/s.f., for Constitution Center, a 1.4 million-s.f. office building in southwest DC.

Office building sells in Old Town for $21M (Washington Business Journal) 25-year-old waterfront property at 601 N. Fairfax St. will be redeveloped as residences by NF Associates LLC, which acquired the 130,000-s.f. building for $21 million, or about $162 p.s.f.

White House funds O Street Market project (White House press) The Obama administration announced yesterday that it was funding 14 projects as part of an "infrastructure upgrade" that would create jobs, one of which was the O Street Market in Shaw.



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