The financing was a straightforward transaction, McIntyertellsGlobeSt.com. "The only twist is that the funding was set up asathree-year revolving line of credit upon which the borrowerscoulddraw down." Unencumbered with debt, the building's financingprovideslittle guidance about how well, or not, the capital marketsareperceiving DC area real estate or where valuations are at themoment.

This transaction aside, McIntyre joins a growing number ofbrokersthat report a thaw is indeed occurring. "I would say itbegan inNovember and December and has continued since." He predictsthat 2010will be the year that the capital returns.

1100 G St. is an 11-story, 109,959-square-foot building intheheart of the East End. It is 85% leased, with major propertyrenovations underway including upgrades and restorations totheexterior façade and entry, main lobby, common area corridorsandrestrooms.