1200 K Street NW Update 05/31/24

Starwood Acquires K Street Office in Foreclosure Auction

At a foreclosure auction earlier this week, Starwood Property Trust took back control of the vacant office building at 1200 K Street NW with a winning bid of just over $44M. Starwood filed a notice of foreclosure in April after Brookfield defaulted on its $120M loan. Starwood now plans to convert the 12-story, roughly 390,000 square foot to residential.

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