An affiliate of Douglas Development Corp. acquired a downtown Washington, D.C., office building about a year after a lender acquired the asset in a foreclosure, continuing a run of investments, including in distressed assets, it has made in the past year.
Investor that sees opportunities in distressed offices buys DC building after foreclosure
Douglas Development affiliate pays $20 million for downtown property
CoStar News
January 21, 2026 | 9:49 P.M.
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IN THIS ARTICLE
- Properties
- Colorado Building
1341 G St, Washington, DC
- Companies
- Douglas Development Corporation
Construction