Last Updated: January 13, 2005 01:05pm ET

Office Brings in $307 Per SF

By Barbra Murray

WASHINGTON, DC-The 57,800-sf office building at 475 School St. SW finds a new owner in a local family partnership as part of a Section 1031 Tax Deferred Exchange transaction. The family acquires the majority interest in the building for nearly $17.8 million from Meritage Properties.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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