The Mortgage Bankers Association, which took a bath on the sale of its custom designed and environmentally friendly Washington headquarters, has finally moved into new space a few blocks away. At press time the trade group was in the process of completing the move to 1717 Rhode Island Avenue from L Street, allowing employees to work from remote locations on Friday. The new headquarters will officially open on Monday. Earlier this year CoStar Group, a provider of commercial real estate data, bought MBA's 10-story headquarters for $41.3 million. The negotiated sale price was well below the $79 million the trade group paid to construct the building from scratch. The lender on the deal was PNC Bank.
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