A local Washington, D.C., investment firm has swooped in to take advantage of depressed pricing in the office market in a deal that points to myriad challenges for property owners looking to offload their buildings.
Credit Suisse Offloads Downtown DC Office Building for Far Less Than Assessed Value
Deal With Quadrangle Underscores Deepening Pricing Challenges for Sellers
By Katie Burke
CoStar News
March 26, 2024 | 8:05 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Quadrangle Development Corp.
Construction
- Credit Suisse
Finance and Insurance
- Contacts
- Matt Nicholson
Executive Vice President, Lincoln Property Company
- David Baker
Senior Director, JLL
- Jim Meisel
Senior Managing Director Co-Head, JLL
- Andrew Weir
Senior Managing Director, JLL
- Kevin Byrd
Director, Capital Markets, JLL