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Home » Store » News » MBA Takes Major Loss in Sale of DC Headquarters, Reserves Take Huge Hit

MBA Takes Major Loss in Sale of DC Headquarters, Reserves Take Huge Hit

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The Mortgage Bankers Association will take a significant loss after deciding to unload its Washington, DC, headquarters building in a weakened commercial real estate market. The MBA announced that it is selling its 10-story headquarters building for just $41.3 million after paying $79.0 million to acquire the 169,000 square foot property at 1331 L Street, NW. The trade group bought...
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