Advantage co-insures title for $241.1 million Washington, D.C. dev.
Advantage Title Agency Inc. participated in the underwriting of title insurance for a $241.1 million acquisition and construction loan made by an international corporate and investment bank. The project involves the development of a multi-story office-building project.
"Advantage is proud to have played a role in this transaction, which represents part of our continuing expansion into the growing national commercial title market," said Joseph Willen, president of the Advantage Group. "Our talented staff once again has shown extraordinary competence in handling a complex transaction."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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