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15 Things You Need to Know This Morning

Washington, D.C. Morning Brief Washington DC
Washington, D.C. Morning Brief
August 4, 2014 Bisnow
15 Things You Need to Know This Morning

What You Don't Know About EagleBank
Photo: McCullough Construction's Tom McCullough and wife Maggie, and EagleBank head of Real Estate Tony Marquez with wife Pam.
Where: CitiOpen tennis match Friday night.
Somewhat Wonky but Highly Relevant Fact This Gives Us An Excuse to Tell You: EagleBank went into the debt market last week to raise $55 million to add to its capital. It got subscriptions for three times what it was seeking, and cut off the effort a day and a half early. End result: $70 million of paper issued at a favorable 5.75% fixed for ten years. Since a bank can lend multiples of its capital, this means that much more money available to developers.
Additional Impressive Fact: EagleBank also released Q2 earnings. It was not just record earnings, but the 22nd quarter in a row setting a record. Imagine a football team in DC scoring more points than the quarter before for 22 consecutive quarters. Actually, just imagine a football team in DC with a winning season.

15 OTHER THINGS YOU NEED TO KNOW THIS MORNING
Grosvenor Americas Buys Fairfax Apartments for $108.2M
MRP Realty, Rockpoint Group Acquire 1333 H Street NW for $127M
Boston Properties Pulls The Avenue Off the Market, Plans to Sell Patriots Park for $321M
Toll Brothers to Purchase Knox Box Apartments, Evict Tenants
Real Estate Strategies for Associations & Law Firms (Aug. 27)
Morgan Properties, Equity Partner Buy Lighthouse at Twin Lakes in Beltsville
Truland Systems' Bankruptcy a Major Setback to GWU Construction Project
An Exclusive Profile of CoStar's Andy Florance
House Not Close on TRIA Authorization Despite Senate's 93-4 Vote for Extension
Is Prince George's County About to Ride a Wheel of Fortune? (Aug. 26)
DHS Renews 71,027 SF Lease at 1310 North Courthouse Rd in Arlington
Realty Mogul Crowdfunds 150K SF Georgetown Plaza in DC
Report Shows How Long Development Process Can Take in Montgomery Co
Silver Line Stations Architectural Critique: An Emphasis on the Functional
Hyattsville Demolishes Buildings, Paves Way for New Parking
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Related Topics: Andy Florance, Toll Brothers, MRP Realty, Tom McCullough, McCullough Construction, What You Don't Know About, Morgan Properties, Morning Brief (DC), Real Estate Strategies, Montgomery Co, Twin Lakes, TRIA Authorization Despite Senate, Real Estate Tony Marquez, An Exclusive Profile