Throughout the recovery from the recession, trophy properties in all commercial real estate sectors have been in high demand. Retail is no exception—those involved in the recent $850 million refinancing of Tysons Corner Center in Tysons Corner, Va., say the level of competition for the deal was cut-throat. “Now that the market has bounced back it’s a much more competitive landscape,” says Elizabeth Velazquez, a director with Prudential Mortgage Capital Co. The ...
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