Receiver Seizes Control of Woodies Building After Douglas Development Loan Default

According to Bisnow, a D.C. Superior Court judge has appointed Trigild IVL to manage the historic Woodies Building at Metro Center. Douglas Development Corp. reportedly failed to make debt service payments for nine months on a loan totaling more than $221 million. The move follow

According to Bisnow, a D.C. Superior Court judge has appointed Trigild IVL to manage the historic Woodies Building at Metro Center. Douglas Development Corp. reportedly failed to make debt service payments for nine months on a loan totaling more than $221 million. The move follow