WASHINGTON, DC—A memo in response to a taxpayer inquirer undercuts the long-held assumption that so-called bad-boy guarantees do not change the nonrecourse treatment of the debt for tax purposes.
STERLING, VA—The grocery store is also adding two locations in Northern Virginia, part of the slow-moving wave of amenities coming to corporate office locations.
TYSONS, VA—The last recorded price for the building was in 2005 when TA Realty paid $53.7 million, or $255 per square foot for the 210,087-square-foot office building.
WASHINGTON, DC—Cleveland has a construction labor problem while sales activity in New York City's co-op and condo market was fairly brisk. The Beige Book is always an interesting read.
WASHINGTON, DC—MAC Realty secured construction funding for a new mid-rise apartment building in Clarendon. Meanwhile, Maryland's Purple light rail project just took a big step forward.
CHANTILLY, VA—A source tells us Mission Ridge I & II have traded for about $96 million, while a JV between Goldstar Group and CrossHarbor Capital Partners acquired a thee-story building in the submarket for $16.35 million.
WASHINGTON, DC—Investcorp is acquiring the fully-occupied East End building under a new initiative in which it invests in long-term hold properties in gateway cities.