L.J. Melody funds capitol project with $490M.The Washington, D.C. office of L.J. Melody & Company, the real estate banking arm of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , led by Paul C. Dougherty, has arranged $490 million in financing through a bond issuance for construction of the new Department of Transportation headquarters facility on behalf of The JBG JBG James Bond Girl (Alizée song) JBG Jadgbombergeschwader (FRG) Companies. The financing, arranged by LJ Melody, will be used to construct the Department of Transportation's new headquarters on approximately 8 of the 11 acres contained within the Southeast Federal Center (Navy Yard Annex) in Washington, D.C. The borrower has been selected by the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, acting through the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. to develop the property. L.J. Melody was pleased to work with JBG on this high profile project that will provide over 1.4M square feet of office space for the Department of Transportation, which will be moving from its current location. Paul C. Dougherty, Joseph W. Donato, Jr. and Maury E. Zanoff of L.J. Melody's DC office arranged the financing on behalf of The JBG Companies through a bond issuance with Credit Lyonnais Securities (USA), Inc. Rob Stewart Rob Stewart (born July 23, 1961) is a Canadian actor and hypnotist. He was born in Toronto, Ontario, Canada and attended Forest Hill Collegiate Institute during his high school years. , a Principal at JBG Companies stated, "This was an extremely large and sophisticated capital markets transaction, further complicated by environmental, entitlement and construction issues. The Credit Lyonnais bond financing enabled us to lock in an extremely low interest rate, thus allowing us to facilitate the construction and stabilization of this asset for the life of the 15-year GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. lease. We are extremely happy with the execution of this deal on all fronts." Paul Dougherty Paul Dougherty (born May 12, 1966 in Leamington Spa) is an English former professional footballer and football coach who began his career with Wolverhampton in England. He then moved to the United States where he became a journeyman player, bouncing through sixteen teams in added, "The structuring with Credit Lyonnais provided a smooth execution of a highly structured asset backed transaction allowing us to address issues related to proceeds, negative arbitrage, bond insurance and other cost reductions or eliminations while minimizing overall interest costs and maximizing proceeds." The building, designed by Michael Graves and Associates in association with DMJM DMJM Daniel, Mann, Johnson, & Mendenhall (architecture, engineering, and construction services firm) , two of the world's most renowned architecture firms, is dramatic without being overwhelming and is certain to become an icon in the Washington skyline. The JBG Companies is a full-service real estate firm with unparalleled expertise in development, finance, asset management, property management and leasing services. Since 1962, JBG has built numerous long-term relationships with high-profile owners, partners and lenders, as well as impeccable reputation for integrity, discretion and fiduciary responsibility. The firm has successfully developed, owned and managed over 30 million square feet of office space, 4 million square feet of retail space, 4,000 residential units and 5 hotels properties. |
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