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HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.
HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction.
First Potomac Realty Trust Improves D.C.-Area Office, Business Park Portfolio
First Potomac Realty Trust is improving its portfolio of office and business park properties in the greater Washington, D.C. region. The real estate investment trust has recently paid $41 million for a Class-A office building in Reston, while selling its Corporate Campus in Ashburn for the exact same sum, in a separate transaction.
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