$84M Refinancing for Meridian at Eisenhower — Berkadia has arranged an $84.1 million loan for the refinancing of Meridian at Eisenhower, a 369-unit residential high-rise located at 2351 Eisenhower Ave. in Alexandria. Patrick McGlohn, Patrick Cunningham, Brian Gould, Hunter Wood, and Natalie Hershey of Berkadia arranged the 10-year loan on behalf of the borrower, Paradigm Development Co. LLC. The direct lender was not disclosed. [Rebusiness Online]
Alexandria Targets Crash-Prone Intersections — Alexandria is cracking down on serious crashes at several intersections this month. Officials are identifying so-called “crash corridors” in the city using data to figure out where the most serious collisions have occurred. The targeted areas include Duke Street and South Washington Street, Duke Street at Van Dorn Street, and King Street, where it meets I-395. [News4]