Northern Virginia

KBRA Assigns Preliminary Ratings to BANK5 2024-5YR5

Retrieved on: 
Thursday, January 25, 2024
Banking, Professional Services, Finance, KBRA, CMBS, Tysons Corner Center, KLTV, Probability, Northern Virginia, Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2024-5YR5, a $518.6 million CMBS conduit transaction collateralized by 24 commercial mortgage loans secured by 25 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 33 classes of BANK5 2024-5YR5, a $518.6 million CMBS conduit transaction collateralized by 24 commercial mortgage loans secured by 25 properties.
  • The collateral properties are located throughout 18 MSAs, of which the three largest are Los Angeles (14.3%), Washington - NoVA - MD (9.9%), and San Jose (9.6%).
  • The pool has exposure to each property type with three types representing more than 10.0% of the pool balance: retail (42.4%), office (17.6%), and mixed-use (14.2%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 38.7% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BMO 2024-5C3

Retrieved on: 
Monday, January 22, 2024
Professional Services, Finance, KBRA, CMBS, Tysons Corner Center, KLTV, Probability, BMO, Northern Virginia

KBRA is pleased to announce the assignment of preliminary ratings to 12 classes of BMO 2024-5C3, a $902.2 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 55 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 12 classes of BMO 2024-5C3, a $902.2 million CMBS conduit transaction collateralized by 37 commercial mortgage loans secured by 55 properties.
  • The collateral properties are located throughout 20 MSAs, of which the three largest are New York (20.1%), Washington – NoVA – MD (8.2%), and New Orleans, LA (7.8%).
  • The pool has exposure to most property types, with three types representing more than 10.0% of the pool balance: retail (36.5%), multifamily (21.5%), and office (19.7%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 37.5% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to Benchmark 2024-V5

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Environmental, Social and Governance (ESG), Data Analytics, Other Professional Services, Insurance, Finance, CMBS, KBRA, Tysons Corner Center, KLTV, Probability, DoubleTree, Northern Virginia, MD

KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2024-V5, an $884.8 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 102 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2024-V5, an $884.8 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 102 properties.
  • The collateral properties are located throughout 28 MSAs, of which the three largest are New York (18.5%), Detroit (9.6%), and Washington – NoVA – MD (8.4%).
  • The pool has exposure to most property types, with five types representing more than 10.0% of the pool balance: multifamily (29.2%), retail (26.7%), industrial (15.8%), lodging (12.3%), and self-storage (10.7%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 36.5% less than third party appraisal values.

Autism Therapy Company Verbal Beginnings Chooses Arcadia Business Park in Frederick for Sixth Maryland-area Location

Retrieved on: 
Friday, August 11, 2023
ABA, Applied behavior analysis, Lease, Communication, Drive, Employment, ACQ, Spectrum, Social skills, Foot, Occupational therapy, History, Investment, ASD, MD, Child, Diagnosis, Personality, Hospital Insurance and Diagnostic Services Act, Environment, Self storage, Property management, Nursing, Amusement park, Baltimore metropolitan area, Northern Virginia, Speech

FREDERICK, Md., Aug. 11, 2023 /PRNewswire-PRWeb/ -- Verbal Beginnings, LLC. a Maryland-based company that provides applied behavior analysis (ABA) therapy to children diagnosed with autism spectrum disorder (ASD), has signed a lease with St. John Properties, Inc. for 17,040 square feet of space at Arcadia Business Park, a 61-acre business community in Frederick, Maryland. This fall, the group will open its sixth location in the state within 4714 Arcadia Drive, a single-story building containing 32,040 square feet of flex/R&D space. Approximately 80 employees, most of which will be clinical technicians, will work from the facility. Danny Foit, Leasing Representative for St. John Properties represented the landlord and Dan Kleuger of The Tenant Agency represented the client in this transaction.

Key Points: 
  • a Maryland-based company that provides applied behavior analysis (ABA) therapy to children diagnosed with autism spectrum disorder (ASD), has signed a lease with St. John Properties, Inc. for 17,040 square feet of space at Arcadia Business Park, a 61-acre business community in Frederick, Maryland.
  • This fall, the group will open its sixth location in the state within 4714 Arcadia Drive, a single-story building containing 32,040 square feet of flex/R&D space.
  • In 2021 the group opened a nearly 10,000 square foot location within I-97 Business Park in Millersville, Maryland.
  • Services include early intervention, feeding therapy, social skills development, in-home and center services, Speech and Language Pathology, Occupational Therapy and more.

KBRA Assigns Preliminary Ratings to BANK 2023-BNK46

Retrieved on: 
Friday, July 28, 2023
Banking, Professional Services, Insurance, Finance, KBRA, BANK, CMBS, Fashion Valley Mall, Northern Virginia, KLTV, Probability, CX, Water Street, Downtown Largo station, Security (finance), Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2023-BNK46, a $720.6 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 32 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2023-BNK46, a $720.6 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 32 properties.
  • The collateral properties are located throughout 16 MSAs, of which the three largest are Washington NoVA - MD (16.3%), San Diego (13.1%), and Boston (10.0%).
  • The pool has exposure to all major property types, with four types representing more than 10.0% of the pool balance: retail (35.8%), office (21.2%), lodging (17.0%), and mixed-use (13.0%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 38.5% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BBCMS 2023-C20

Retrieved on: 
Thursday, June 15, 2023
Banking, Professional Services, Finance, Fashion Valley Mall, Probability, Water Street, KBRA, KLTV, CX, Northern Virginia, Commerce Square, MD, CMBS, Security (finance), Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 16 classes of BBCMS 2023-C20, an $825.2 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 146 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 16 classes of BBCMS 2023-C20, an $825.2 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 146 properties.
  • The collateral properties are located throughout 39 MSAs, of which the three largest are Philadelphia (10.3%), San Diego (10.0%), and Washington – NoVA – MD (9.9%).
  • The pool has exposure to all major property types, with three types representing more than 15.0% of the pool balance: retail (25.0%), office (24.9%), and industrial (18.1%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 36.3% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BBCMS 2023-C19

Retrieved on: 
Wednesday, April 5, 2023
Banking, Professional Services, Finance, KBRA, CMBS, Pacific Design Center, Scottsdale Fashion Square, Northern Virginia, KLTV, Probability, MD, Security (finance), Telescopic sight

KBRA is pleased to announce the assignment of preliminary ratings to 15 classes of BBCMS 2023-C19, an $849.4 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 109 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 15 classes of BBCMS 2023-C19, an $849.4 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 109 properties.
  • The collateral properties are located throughout 31 MSAs, of which the three largest are New York (12.3%), Philadelphia (9.7%), and Washington – NoVA – MD (9.4%).
  • The pool has exposure to most major property types, with four types representing more than 10.0% of the pool balance: retail (29.0%), mixed-use (19.3%), office (18.8%), and industrial (17.5%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 41.8% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BX Trust 2022-PSB

Retrieved on: 
Monday, August 1, 2022
Banking, Professional Services, Finance, Trust, SOFR, KBRA, BX, Engineering, CMBS, NCF, MD, KLTV, Northern Virginia, Bank

KBRA announces the assignment of preliminary ratings to nine classes of BX Trust 2022-PSB, a CMBS single-borrower securitization.

Key Points: 
  • KBRA announces the assignment of preliminary ratings to nine classes of BX Trust 2022-PSB, a CMBS single-borrower securitization.
  • The loan has an initial two-year term with three, 12-month extension options and requires monthly interest-only payments based on one-month term SOFR.
  • In total, the portfolio contains 16.4 million sf and is located in six states throughout the US.
  • The top five markets include Miami (24.0%), Washington NoVA MD (18.8%), East Bay (14.6%), San Jose (9.4%) and Orange County (7.5%).

Aligned Data Centers Expands Presence in Northern Virginia with New Sterling Hyperscale Campus

Retrieved on: 
Tuesday, July 26, 2022
Power usage effectiveness, GLOBE, Water, VMI, Bulk density, Twitter, CEO, PUE, Mantrap (access control), Solution, Ownership, Risk, Technology, Data, LinkedIn, Vendor-managed inventory, Oil, Renewable energy, Build, Facebook, Business–IT alignment, Northern Virginia

STERLING, Va., July 26, 2022 (GLOBE NEWSWIRE) -- Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, announces its continuing expansion in Northern Virginia with the development of a second hyperscale data center campus located in Sterling.

Key Points: 
  • STERLING, Va., July 26, 2022 (GLOBE NEWSWIRE) -- Aligned Data Centers , a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, announces its continuing expansion in Northern Virginia with the development of a second hyperscale data center campus located in Sterling.
  • Master-planned for two new buildings, the 10-acre campus will enable Aligned to continue meeting the demands of its hyperscale customer for adaptive and rapidly scalable infrastructure in the largest data center market in the world.
  • During this period, Aligned also expanded its hyperscale campus in West Jordan, Utah, launched a new campus in Chicago , and broke ground on a Build-to-Scale project in the Salt Lake City Metro Area as well as a second data center on its Chicago campus.
  • Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers.

NoVA Startup Frolick Raises Venture Funding to Bring No-Fee Meal Delivery to Additional Areas – Starting with a Major Expansion into Washington, DC

Retrieved on: 
Monday, July 25, 2022
Cloud, Forage, Food, Corporation, GLOBE, Research, Meal, Marketing, Mohanty, Efficiency, Cooking, Amazon, Delivery Hero, City, Food delivery, Restaurant, Billy Frolick, Northern Virginia

Frolick also announced today that it has doubled its service area, expanding its delivery from Reston across the river to Washington, DC.

Key Points: 
  • Frolick also announced today that it has doubled its service area, expanding its delivery from Reston across the river to Washington, DC.
  • After ordering meal delivery frequently for months, he became fatigued at the choices and concerned about the cost and lack of nutrition.
  • Weve been paying careful attention to whats worked and what hasnt for other food and meal delivery companies, said Mohanty.
  • Frolick is the first food delivery app featuring hot, chef-prepared meals starting at under $10 with no fees or order minimums.