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“It’s an unbelievable opportunity to redevelop such an iconic property,” Roadside Development's Jeff Edelstein said
The mortgage giant is working on a pilot program to encourage the construction of affordable homes by eradicating some hurdles that borrowers face.
This could be the first cash infusion the mortgage giant has received in six years.
Fannie Mae is seeking brokers to market three Fairfax County buildings for sale as it consolidates its Northern Virginia footprint at Reston Gateway.
Boston Properties has signed Fannie Mae for 850K SF at Reston Gateway, a major mixed-use development it has planned near Reston Town Center.
Fannie Mae will lease the buildings back until 2022 when it moves to Boston Properties' Reston Gateway development.
Roadside retained Tranwestern to lease the office space at its $640M City Ridge project, across the street from where the developer is moving its office.
The Treasury Department is nearly ready to present its plan to restore Fannie Mae and Freddie Mac to shareholder control for the first time since 2008.
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