"It's not exactly a great time to put a large piece of commercial real estate on the market, like a big ol' building in downtown Washington, DC, but apparently the Mortgage Bankers Association didn't have a choice.
They moved into their $76 million building just over a year ago at 1331 L St. NW, but in a letter to members this morning, the board wrote the sale would be "in the best interest" of the association.
It adds that they will lease "a substantial portion of the building" so as to keep it as their headquarters through 2010"
Mortgage Bankers Can't Afford Their Own Home
"It's not exactly a great time to put a large piece of commercial real estate on the market, like a big ol' building in downtown Washington, DC, but apparently the Mortgage Bankers Association didn't have a choice.
They moved into their $76 million building just over a year ago at 1331 L St. NW, but in a letter to members this morning, the board wrote the sale would be "in the best interest" of the association.
It adds that they will lease "a substantial portion of the building" so as to keep it as their headquarters through 2010"
http://www.cnbc.com/id/33497254/site/14081545