(To read more on the debt and equity markets, click here.)
WASHINGTON, DC-Construction of the 250,000-sf office structurebeing developed at 455 Massachusetts Ave. NW has gotten a helpinghand with the closing of a financing package valued at $71.9million.
Corus Bankshares Inc.'s banking subsidiary Corus Bank providedthe loan to joint venture partners Penzance Cos. and ASB CapitalManagement. In line with figures released last year in a report byDC's Downtown Business Improvement District, the entire class Aoffice endeavor will cost $112 million to complete.
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