News
Washington, D.C. Commercial Real Estate

Patterson Mansion: Sold!

The Mike Balaban/Frank Saul-led multifamily venture SB Urban has officially closed on the historic Patterson Mansion on Dupont Circle. The firm paid the Washington Club $20M for the over 110-year-old property, which it plans to convert to microunits. SB Urban is converting another historic property into microunits—the former Latham hotel on M Street in Georgetown. TTR Sotheby's brokered the deal.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries