Construction and absorption tend to be closely linked with each other at this point in the recovery because of the challenges of
financing new office developments: most projects still need a significant amount of pre-leasing before lenders will commit.
Not exact matches
• Marian Zucker, President,
Office of
Finance and
Development for
New York State Homes and Community Renewal
The developer's purchase of those
development rights will, in turn, help
finance the long - sought conversion of the post
office into a train hall for Amtrak,
New Jersey Transit, and Long Island Rail Road.
DiNAPOLI: ACTIONS OF RAMAPO TOWN OFFICIALS HIGHLIGHT NEED FOR LDC REFORM Press Release from NYS Comptroller's
Office Ramapo town officials took a risky approach to
financing a minor league stadium through the Ramapo Local
Development Corporation (RLDC), according to an audit released Wednesday by
New York State Comptroller Thomas P. DiNapoli.
State Representatives: Senator Terrence Murphy; Assemblywoman Sandy Galef; and several state agencies, including the
Office of the Governor; Education Representatives; Department of Public Service; Department of Environmental Conservation; Department of Labor; Department of Tax and
Finance; Empire State
Development;
New York State Energy Research &
Development Authority; Department of State;
New York State Division of Homeland Security & Emergency Services; and the
New York Power Authority.
Covington & Burling will open a
new office in South Africa, to be led by Ben Donovan, a project
finance partner with experience in representing a wide range of infrastructure clients, including oil and gas companies, government and parastatal entities, independent power producers, investment funds, and lenders in, and to, the
development, acquisition,
financing, restructuring, and divestiture of energy and infrastructure projects worldwide.
We are especially pleased as both were landmark
developments for the industry with our
New York operation being the first US
office for a European litigation funder and our Oslo business being the very first litigation
finance company on the ground in Scandinavia.
The
new office will be managed by Sanjoy Jay Bose, a Heenan Paris partner, who specializes in international project
development and
finance and public - private partnerships.
Originally from Lugano, Switzerland, Anja earned a degree through the UBS banking and
finance program.Subsequently, she became a Financial Consultant in Private Banking at the Lugano
office of UBS.Anja later accepted a Sales Manager position with LMX SA, a petro - chemical company, where her responsibilities included
new client
development and contract negotiations.
The loan provides construction take - out
financing for Clarendon Center, a
new 402,000 - square - foot mixed use
development located in Arlington, Va. that includes retail,
office and luxury rentals in the Washington, D.C. metro area.
Given high vacancy rates and lenders that are still skittish about committing relatively large amounts for construction and
development financing, it is hard to justify breaking ground on
new office projects, Reis said.
Our Dallas regional
office sourced $ 105 million in
financing for the construction of Elan City Lights, a
new multifamily
development in Dallas.
Prior to joining The Staubach Company, Jay was a Vice President at Gale & Wentworth, where he helped direct the acquisition,
financing and planning of premier
office and industrial real estate
development projects in the Northern
New Jersey marketplace.
New data, however, shows the
financing costs for some green
office - property
developments are not significantly greater than for non-green construction projects.