Thursday, November 19, 2009

Allegro Apartments Sold at Auction

Following up on a post from last week, The Washington Business Journal reports that the Allegro Apartments were sold at auction. "After bidding started at $60 million, Federal Capital Partners, a Georgetown real estate investor and developer, took the property for $77.5 million," writes the paper. The article continues with some more details on why the building had to go to auction.

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