Douglas Development Corporation’s original loan for the 200-key, 14-story hotel at 1011 K Street NW in Downtown Washington, DC was comprised of $35-million loan held by BHI and a $10.6-million mezzanine piece held by another investment firm.
The company is expected to bring 550 positions, an increase of 20% of its present area workforce, to its new headquarters offices in early 2021.
For its first project Boston Properties sold the venture the 375-unit Tower Oaks project in Montgomery County.
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