July-August 2008 Issue • Volume 36 • Issue 6

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ASA Honored for Real Estate Deal

Association named runner-up for financing by Washington Business Journal

by Jackie Cooper, ASA Public Information Office

The Washington Business Journal’s 11th annual Best Real Estate Deals awards program honored ASA for the association’s financing arrangements on its new national headquarters at 1430 K Street, NW, in Washington, DC.

ASA’s efforts were recognized as a runner-up in the financing category for securing tax-free, low-interest bond financing from the District of Columbia government in 2007. PNC Bank underwrote the bonds, and ASA was represented by Olivia Shay-Byrne of Reed Smith LLP.

ASA faced stiff competition in this category. The financing winner and "Best Overall Deal" was National Harbor, a 300-acre waterfront destination including the Gaylord National Resort and Convention Center, residential housing, office space, parking and 1 million square feet of retail, dining, and entertainment space.

Sidney Harman Hall, the $150 million performance space and office building owned by the Shakespeare Theatre Company and International Union of Bricklayers and Allied Craftworkers, was the other runner-up in the financing category.

More than 100 real estate deals in the Washington metropolitan region were nominated for various industry categories. ASA’s financing deal and the other award recipients were featured in the April 25 issue of the weekly business journal and honored at a ceremony in DC on April 24. small_green


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