trending Market Intelligence /marketintelligence/en/news-insights/trending/Up6Rh1QeAajG8s8RkuRRhg2 content esgSubNav
In This List

Vornado completes $273M refinancing of Washington, DC, building

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations

Blog

Middle East & Africa M&A by the Numbers: Q1 2022


Vornado completes $273M refinancing of Washington, DC, building

Vornado Realty Trust's55%-owned joint venture concluded a $273 million refinancing of the , a 621,000-square-footoffice building at 1299 Pennsylvania Ave. in Washington, D.C.

The seven-year loan matures in June 2023, has a fixed rate of3.65%, is interest-only for the first two years and amortizes based on a 30-yearschedule commencing in year three.

According to Vornado, the property was previously encumberedby a 6.26% $293 million mortgage.