MBA Headquarters in D.C. on the Block

The Mortgage Bankers Association, which lost money in its last fiscal year, has decided to put its Washington headquarters up for sale, 14 months after occupying the $100 million building.

The property, which has proven to be a white elephant for the financially strapped trade group almost from the instant it was purchased in May 2008, is listed with Holliday Fenoglio Fowler, a national commercial brokerage firm.

No asking price was mentioned in a letter Tuesday morning to the MBA membership.

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