press releases Archive
Stop the Bitchin’: Positive Outlook for Commercial Real Estate Investors
May 22, 2008In an effort to provide developers and investors with the information they need to transact business efficiently and profitably, Richmond-based John B. Levy & Company is producing a series of podcasts on trends and issues that affect the commercial real estate market. These podcasts, available at www.jblevyco.com, address issues such as strategies for improving liquidity in a tight market and the impact of slowing loan originations on the commercial real estate industry. » read article
Deer in the Headlights: Commercial Real Estate Markets at Standstill
Jan 22, 2008Following a year when originations for commercial mortgage-backed securities in the United States exceeded $240 billion, the market today is running at its lowest level since 2004. This slowing trend for CMBS originations, which takes the market back to the halcyon days of post-recession, pre-liquidity crisis, has an enormous impact on real estate developers who rely on liquidity to finance property transactions. » read article
$6,950,000 IN FINANCING SECURED FOR VIRGINIA ANCHORED RETAIL CENTER
Nov 2, 2007John B. Levy & Company is pleased to announce that it is has completed the financing for the Quioccasin Station Shopping Center, a 76,653 square foot anchored specialty retail center located in the heart of Richmond, Virginia’s West End. The property, which is located on approximately eight acres, includes a strip shopping center consisting of restaurants and retail businesses and a Food Lion, which has been in occupancy since 1986 and expanded in 2000. » read article
$210,000,000 in Financing Secured
Sep 5, 2007Richmond-based John B. Levy & Company, Inc. announced today the placement of $210,000,000 in long-term permanent financing on behalf of a Maryland-based real estate operating company that currently owns over 3 million square feet of office, medical office and retail space in the Washington, D.C./Baltimore areas. » read article
$10,500,000 MILLION FINANCING SECURED FOR MIXED-USE
Aug 23, 2007Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of financing for the Haxall Building located in downtown Richmond, Virginia. The property is located just a short walk from the James River and the eastern continuation of the Canal Walk. » read article
$23 Million Financing Secured for Pennsylvania Industrial Portfolios
Aug 23, 2007John B. Levy & Company is pleased to announce that it is has completed the financing for 11 flex/industrial buildings located in Central Pennsylvania. The properties, 460,000 square feet in total, are located just off of the Pennsylvania Turnpike, south of Harrisburg. » read article
Anthracite Capital Announces Changes to Board of Directors
Jun 4, 2007NEW YORK--(BUSINESS WIRE)--Anthracite Capital, Inc. ("Anthracite" or the "Company") (NYSE:AHR - News) today announced that the Company's shareholders have elected John B. Levy to the Board of Directors ("Board") and re-elected Carl F. Geuther. Additionally, as previously announced, Leon T. Kendall's retirement from the Board was effective following today's annual stockholders' meeting. » read article
Town Centers Top the Market
May 25, 2005Washington, D.C., February 16, 2005: Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of permanent long-term financing for Mayfaire Town Center, a new retail project in Wilmington, NC. The $52,000,000 transaction was priced very aggressively at a fixed-rate below 6%, with a 10-year term that amortizes over 30 years, a portion of which is interest only. RBS Greenwich Capital is the lender. » read article
$25,000,000 Million Commitment Announced
Jan 17, 2005Richmond, VA – December 8, 2004 – Richmond-based John B. Levy & Company, Inc. is pleased to announce today a $25,000,000 commitment by New York Life or an institutional lender to provide permanent takeout financing on behalf of Lodge, LLC a limited liability partnership. The financing is for the Lodge at Hunton Park, a new luxury apartment community in Richmond, Virginia. The property will be financed with a permanent mortgage having a 10-20 year terms that amortizes over 30 years, at 5.44 percent interest, and was closed in record time. » read article
$52 Million in Acquisition Financing Secured for Prince George's County Office Park
Oct 27, 2004Richmond, 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. » read article
Richmond Redevelopment Project - Canal Crossing, Receives Permanent Financing
Oct 12, 2004Richmond, 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. » read article
PPR and Giliberto Levy Commercial Mortgage Performance Index Announce Relationship
Sep 27, 2004RICHMOND, 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. » read article
$21,000,000 Million Commitment Announced
Jun 11, 2004Richmond, 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. » read article
Market for Multifamily Housing Maintains Strength in Hampton Roads Area
May 24, 2004Washington, 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. » read article
Miami Beach’s First Luxury Hi-rise Apartment Building Refinanced
Mar 18, 2004Richmond, VA, March 18, 2004 --- Richmond-based John B. Levy & Company, Inc. has provided $24 million in refinancing for a multifamily property in Miami Beach, Florida. The property, Southgate Towers, was the first luxury high-rise apartment complex built in Miami Beach, and the same family continued to own and operate it that developed the property in 1959. “The refinancing demonstrates an ongoing commitment to the property and community by the owner and developer of this prestigious property in the “American Riviera”, said Andy Little, principal, John B. Levy & Company. » read article
John B. Levy & Company, Inc. Provides Financing for Oklahoma Property
Mar 3, 2004Washington, D.C., February 27, 2004 --- Richmond-based John B. Levy & Company, Inc., has arranged for refinancing of New City Center at 605 N. Moore Avenue in Moore, Oklahoma just south of Oklahoma City. The loan amount is $8.2 million with a ten-year term, amortized for 25 years, at 5.76%. The borrower is New City Center, LLC, a single-purpose entity controlled by its sole member, a Northern Virginia based real estate management company. » read article
Virginia Real Estate Market Continues to Roll
Nov 22, 2003Richmond-based John B. Levy & Company, Inc. is pleased to announce the placement of over $13,500,000 in financing for two projects in Virginia. » read article
Smaller Markets, Smaller Deals Prove Attractive to Lenders
Jul 15, 2003Richmond-based John B. Levy & Company, Inc. is pleased to announce two placements of long-term permanent financing, one for $2,750,000 on behalf of RJN-NC, LLC secured by the newly constructed Hanes Square Shopping center located in Winston-Salem, North Carolina and $3,175,000 on behalf of JV Skyline Center, LLC, secured by the Skyline Center Office Building located in Orlando, Florida. » read article
$21 Million Forward Commitment Announced
Jun 6, 2003Richmond-based John B. Levy & Company, Inc. is pleased to announce today a $21,000,000 forward commitment by a major pension fund to provide permanent takeout financing on behalf of New Apartments, LLC, whose sole managing member is JRJG, Inc. » read article
$7,000,000 Million Financing Secured Retail Center
Mar 31, 2003Richmond-based John B. Levy & Company, Inc. is pleased to announce it has secured $7 million in financing for the Haynes Chippenham Plaza, a community shopping Center located at Hull Street and Chippenham Parkway. » read article
$1,400,000 Equity Placement Announced
Feb 13, 2003Richmond-based John B. Levy & Company, Inc. announced today the placement of $1,400,000 in preferred equity on behalf of a regional apartment owner. The placement facilitated the acquisition and ongoing rehabilitation of an apartment complex located in the Tidewater area of Virginia. » read article
$16,500,000 Million Financing Transaction Announced
Jan 16, 2003Richmond-based John B. Levy & Company, Inc. announced today the placement of $16,500,000 in permanent financing on behalf of Greater Greensboro Investment Properties L.L.C. The financing was secured by the River Walk Apartments located in Greensboro, North Carolina. » read article
$16,000,000 Million Financing Secured for Brit-BECO Building
Jan 5, 2003Richmond-based John B. Levy & Company, Inc. announced on December 12th the placement of $16,000,000 in long-term permanent financing on behalf of BRIT-BECO Building LLC -- a limited liability company organized in the State of Maryland. The financing was secured by an 113,550 square foot office complex ideally located along Rockville Pike in Montgomery County, Maryland. » read article
$15,500,000 Million Financing Transaction Announced
Nov 14, 2002Richmond-based John B. Levy & Company, Inc. announced today the placement of $15,500,000 in long-term permanent financing on behalf of Park Crescent Associates, L.P., a Virginia limited partnership. » read article
Financing Secured for Richmond Renovation Project -- Canal Crossing
Sep 16, 2002Richmond-based John B. Levy & Company, Inc., is pleased to announce the financing for a complete renovation project in the heart of Richmond. The property, a 112,000 sq. ft. Class A office building, is located on 15th St., between Cary and Dock Streets. » read article
Financing Completed for CSC Office Building
Sep 8, 2002Richmond-based John B. Levy & Company, Inc., is pleased to announce the financing of a new office building occupied by Computer Sciences Corporation (NYSE: CSC) in New Carrollton, Maryland. » read article
Despite Volatile Market – Deal Closes in 20 Days as Applied For
Aug 8, 2002Richmond-based John B. Levy & Company, Inc., arranged the financing for the 184 unit Century Oaks apartment complex in Durham North Carolina, adjacent to the Research Triangle Park. » read article
Despite Volatile Market - Deals Close in Record Time
Aug 7, 2002Richmond-based John B. Levy & Company, Inc., arranged and structured the financing for an 85,000 sq. ft. office building in the Winter Park, Florida located at 2699 Lee Road. The $5.6 million loan (total purchase price was $7.3m) was applied for on June 11th and closed on August 2nd. » read article
$5 Million Transaction Announced
Jun 14, 2002Richmond-based John B. Levy & Company, Inc. announced today the placement of $5,000,000 in long-term permanent financing on behalf of Ludwell Apartments LLC. The financing was secured by the Ludwell Apartments, a student apartment project located adjacent to the William and Mary campus in historic Williamsburg, Virginia. The property was financed with a permanent mortgage having a 10-year term that amortizes over 30 years. » read article
$13.1 Million Financing Announced
Jun 9, 2002Richmond-based John B. Levy & Company, Inc. announced today the placement of $13,100,000 in long-term permanent financing on behalf of Turning Basin LLC. The financing was secured by a newly constructed office building in Richmond, Virginia located across from the city’s historic Turning Basin waterfront area. » read article
$25 Million Construction Financing Announced for PG County
Jun 4, 2002Richmond-based John B. Levy & Company, Inc., a commercial real estate investment firm, announced today the placement of $25,000,000 in construction financing for a new build-to-suit facility for Computer Sciences Corporation (CSC). » read article
Giliberto-Levy Index 1st Quarter Results Announced
Apr 14, 2002John B. Levy & Company, Inc. is pleased to announce the preliminary first quarter results for the Giliberto-Levy Commercial Mortgage Performance Index. The preliminary estimate shows a –0.56% total return for institutional commercial mortgages in first quarter 2002. Return consisted of 1.83% income and a 2.39% price decline. » read article
Exclusive $42 Million Financing Transaction Announced for PG County
Apr 24, 2001Richmond, 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). » read article
Data Center Financing Deal Closed
Feb 19, 2001John B. Levy & Company arranges nearly $12 million for data center financing . . . » read article
Financing announced
Feb 15, 2001Historic Richmond waterfront home to new Turning Basin Building project ... » read article
Just released 4th quarter Giliberto-Levy Monitor statistics
Jan 20, 2001Retail expected to lead downturn in commercial real estate despite record-setting 4th quarter of historically low delinquency costs ... » read article
Multimillion Dollar Financing Deal Struck
Jan 12, 2001John B. Levy & Company announced today the placement of $120,000,000 in long-term permanent financing on behalf of BRIT Limited Partnership (BRIT). » read article
Media Advisory
Dec 15, 2000The commercial real estate market reached a historic milestone in the third quarter, hitting the lowest level of loan delinquency costs for all commercial property in the past 35 years. » read article
$8,150,000 financing announced
Sep 18, 2000John B. Levy & Company, Inc. announced the placement of an $8,150,000 redevelopment loan on behalf of WWG Oakland Ridge, LLC, a Delaware limited liability company. » read article
$8 million financing announced
May 1, 2000John B. Levy & Company, Inc. announced today the placement of $8,000,000 in long-term permanent financing on behalf of GDR Manassas LLLP. » read article