"...the building's developer, Metro Properties Inc., hasn't rented enough apartments to pay the bills. The company was served a foreclosure notice in October from one of its lenders, New York-based iStar FM Loans. And in a sign of how the economy still hasn't kicked the crutch of the housing market, the problems are still going up the ladder: iStar FM is also in danger of a cash shortage.
The result is that the Allegro Apartments, the largest apartment building in Columbia Heights, is headed to auction Nov. 18. Alex Cooper Auctioneers ran advertisement listing it Friday."