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Metropolitan DC Local Politics
Reply to "D.C. Council approves emergency tax relief for OFFICE-to-ANYTHING conversions!!!"
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[quote=Anonymous][quote=Anonymous]This new "favor" or tax exemption for developers seems related to the U.S. Government's plan to sell hundreds of federal office buildings in Washington, D.C. "Real-estate developer Don Peebles and his partners in the firm Donahue Douglas have launched a fund that focuses on office conversions. Washington, D.C., is one of the main target markets. This is just the beginning, Peebles said." https://www.wsj.com/real-estate/commercial/u-s-government-hits-pause-on-massive-commercial-real-estate-sale-c2be3d4d?mod=real-estate_lead_pos1[/quote] Who will rent it after it's developed? The biggest questions. [/quote]
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