Richmond, VA, October 27, 2004. John B. Levy & Company is pleased to announce the placement of $52,000,000 in acquisition financing for BECO Park at Forbes Center. The property is a 14-building business park comprising approximately 600,000 square feet of one and two-story office and R&D space in Prince George’s County, Maryland just outside of Washington, DC.
The loan carries a 10-year term with a 30 year amortization and was priced very aggressively.
Richmond, VA, October 12, 2004 — Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of financing for Canal Crossing, an adaptive reuse project in the heart of Richmond. This Class A Office building includes 101,876 net rental square feet. The Building is located on 15th St., between Cary and Dock Streets.
The transaction, a $13,000,000, 10-year fixed rate permanent financing, takes out a construction and mezzanine loan. The structure was complicated by historic tax credits as well as leasing reserves and holdbacks.
RICHMOND, VA (September 27, 2004) —John B. Levy & Company is pleased to announce that Property & Portfolio Research, Inc. (PPR) and the Giliberto/Levy Commercial Mortgage Performance Index have entered into a strategic alliance to produce the PPR/Giliberto Levy Mortgage Performance Index and to co-develop future products.
John B. Levy, co-founder of the Giliberto Levy Mortgage Index, said, “Integrating PPR’s real estate market knowledge and forecasting abilities with Giliberto Levy’s real-time mortgage performance data will significantly enhance our ability to help investors,
Richmond, VA – June 11, 2004 – Richmond-based John B. Levy & Company, Inc. is pleased to announce today $21,000,000 in financing on behalf of Century Plaza office buildings, located at 10630 & 10632 Little Patuxent Parkway in Columbia, Maryland.
The Century Plaza office buildings are conveniently located in the Columbia Town Center sub-market of Columbia, Maryland one-quarter of a mile from Columbia Mall. Together, the two 4-story office buildings, built in phases in 1971 and 1973,
Washington, D.C. May 24, 2004 — Richmond-based John B. Levy & Company, Inc. has provided $5.2 million in refinancing for another multifamily property in the Hampton Roads Area.
The Cedarfield at Churchland Apartments is located in Portsmouth, Virginia. “This market, which has averaged less than 4% vacancy over the past five years, is exceptionally strong and was recently rated “Green” in Moody’s most recent “Red-Yellow-Green” report”, said Andrew Little, Principal, John B. Levy & Company.