Euro investor buys DC property.An undisclosed private European investor represented by Keith K. Compton Consulting has purchased 1331 F Street, N.W., Washington, D.C., from the United Bank of Kuwait, PLC. The sellers were represented exclusively by Jones Lang Wootton USA. The transaction represents an example of how building ownership is changing as many commercial office buildings in Washington, D.C.. pass from the hands of the original developer to the lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in and then returns to the private sector. The 120,000-square-foot property, completed in 1989, was developed by one of Jones Lang Wootton's offshore clients and won several architectural awards. During 1992, UBK UBK Ukrayina Bez Kuchmy (2000-2001 Ukrainian protest) UBK Unbleached Kraft (containerboard classification) , who were part of the original banking syndicate Syndicate organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018] See : Gangsterism , bought out the majority syndicate share and acquired the property with the intention of selling once the building had reached a stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. occupancy level. |
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