(Washington, DC April 24) — Richmond, VA-based John B. Levy & Company, Inc., a commercial real estate investment firm, has been asked to secure $42 million in construction and permanent financing for a new build-to-suit facility for Computer Sciences Corporation (CSC). The 12-story, “Class A” building for CSC will be constructed across from the Internal Revenue Services headquarters adjacent to the New Carrollton Metro Station.
Development of the Metroview/CSC building is the largest private sector real estate office investment in Prince George’s County history.
(WASHINGTON, DC, February 19, 2001) — Commercial real estate investment firm John B. Levy has just completed arrangements for $11,700,000 in long term financing on behalf of an affiliate of DataCentersNow (DCN). The financing, arranged through Lend Lease Real Estate Investments, was secured by DCN’s 54,000 square foot CyberFortress™ I building located in Sterling, Loudoun County, Virginia.
“Many are closely watching the financing and development of data centers because this is a different type of investment property,” said John B.
(RICHMOND, VIRGINIA, February 15, 2001) – Richmond-based John B. Levy & Company announced today the firm has been exclusively retained to arrange $13.5 million in long term financing for a new building now under construction across from the city’s historic Turning Basin waterfront area. The new development, which features 110,000 square feet, will be called the Turning Basin Building and is a part of a multi-phased restoration project in the popular riverfront area.
Located within Historic Shockoe Slip,
Retail expected to lead downturn in commercial real estate despite record setting 4th quarter of historically low delinquency costs
What: Just released 4th quarter Giliberto-Levy Monitor statistics showed a continuation of historically low loan delinquency costs in the $1 trillion commercial real estate industry. But the eight-year trend is expected to change beginning with the 1st quarter of 2001. John B. Levy, Monitor co-author thinks that despite the most recent record lows in delinquency costs there will be an increase in losses.
(Washington, DC January 12, 2001) – John B. Levy & Company announced today the placement of $120,000,000 in long-term permanent financing on behalf of BRIT Limited Partnership (BRIT). Financing was provided by AIG/SunAmerica Life.
BRIT used six of its office buildings, four in Virginia and two in Maryland, to secure the multimillion dollar deal. BRIT has 20 properties in the metropolitan area with more than 2.5 million square feet of office space.
“We are very pleased with the transaction.