NEWS & NOTABLES
WASHINGTON, DC–West, Lane & Schlager Realty Advisors has promoted Sam Werner to vice president and Josh Whisenhunt to assistant vice president. Werner joined WLS in 2014, as an assistant vice president and Whisenhunt began his career in commercial real estate as an analyst at WLS in 2013.
TYSONS, VA–KTGY Architecture + Planning has promoted Kamran Charmsaz to shareholder and principal. He was formerly an associate principal.
DEAL TRACKER
NEWPORT NEWS, VA– Walker & Dunlo's Hal Reinauer, Tom Toland, and Chris Rumul closed a $34.4 million US Department of Housing and Urban Development loan for Meridian Parkside, a multifamily property here. Dwight D. Dunton III of Bonaventure Realty Group and Phillip R. Roper III purchased the property in 2016. Walker & Dunlop worked with HUD's Baltimore office to refinance the property with a 35-year, low-interest loan through HUD's 223(f) program. The financing paid off the existing bridge loan and a portion of the partnership debt from the original purchase.
WASHINGTON, DC–The Meridian Group has secured a 20,600 square foot headquarters lease from Information Technology Industry Council at Anthem Row, a trophy office development underway in the East End. ITI, currently headquartered at 1101 K St., NW, signed an 11-year lease and will move to Anthem Row in December 2019.
NEWPORT NEWS, VA–Hunt Mortgage Group has provided a $8.65 million Fannie Mae loan facility to finance the acquisition of a 22-building multifamily complex called Lee's Landing. The loan has a 12-year term, five years interest-only followed by a 30-year amortization period, and an 11.5-year yield maintenance period. The borrower is Lee's Landing DNB LLC.
WASHINGTON, DC–Cushman & Wakefield's Phillip Thomas, Kerri Mulligan, Matthew Venos, and Paul Adkins are the exclusive leasing agent for USAA Real Estate at 700 Sixth St.,NW.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
