The office market in Arlington, Virginia has taken a big hit from cutbacks at the Department of Defense, but Goldman Sachs and the Blackstone Group are making a sizable bet on a comeback.

In order to refinance a portfolio of seven office properties in the submarket of Rosslyn, just across the Potomac River from Washington, D.C., they had to obtain $142.1 million of mezzanine debt and kick in 16.4 million of additional equity, according to DBRS, which is rating mortgage bonds backed by the new, $500 million first mortgage.

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