XM Satellite leases 120,000 sf in the building for its HQ; Bernstein's Consortium Capital I fund and Union Realty 3 yrs ago paid $2.75Mln for the then 86-year-old vacant warehouse.
Property contains 210,000 sf of office and 60,000 sf of retail space; Wells Fargo provided $42Mln floating-rate debt.
The 8-story building is fully leased to Dep't of Energy, the IRS and the Holocaust Museum offices.
aka The Tower Building, 12-story building is about 95% leased to 20 tenants.
GMAC provided $27Mln acquisition loan for the hotel at 1199 Vermont Ave. NW.
The 13-story building is the former HQ for MCI, which moved out in February.
LaSalle Hotel Lesse Inc. will lease the property and has retained Crestline Hotels & Resorts Inc. to it.
The eight-story building is fully occupied by Ernst & Young until mid-2007.
CalPERS paid $35Mln for the 20.6% stake in the 758,796-sf bldg, valuing it at $170Mln; Calpers owns 100%.
The investment firm, which paid $33.5 million for 1800 K Street NW five years ago, sold it to an affiliate of Lazard Freres for $51 million.
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© 2023 Commercial Real Estate Direct All rights reserved..