Last Updated: May 26, 2005 07:42pm ET

GMAC Takes Majority Interest in 300,000-SF Office

By Barbra Murray

WASHINGTON, DC-The office structure at 1110 Vermont Ave. NW gets a new owner with GMAC Institutional Advisors' acquisition of the majority interest in the 298,200-sf property on behalf of its value-added investment fund. The deal makes GMAC partners with Perseus Realty LLC and building developer Abbott Stillman.

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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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