The Washington Business Journal confirms today what I've been chasing and rumoring for just over a year now, that brewery/restaurant Gordon Biersch is indeed coming to 100 M, the office building on the northeast corner of 1st and M, SE, one block north of Nationals Park.

A building permit application has been filed with DCRA for an "interior alteration for new restaurant" at 100 M Street, one block north of Nationals Park at the corner of 1st and M SE.

I'm hearing that 100 M Street, the 220,000-square-foot office building on the northeast corner of 1st and M, is up for sale. This is the building that was completed in late 2008 by Opus East, then spent some time in limbo during Opus's Chapter 7 liquidation. It was picked up in foreclosure for $57 million in fall 2010 by Northwood Investors.

My post on Wednesday about the rumors of a not-quite-yet-signed tenant for the ground-floor restaurant space at 100 M Street SE shook loose quite a few mouths, and it is unanimous amongst those gabbers that the newcomer in negotiations is Gordon Biersch, the brewery/restaurant that already has a location at 9th and F Streets NW, not too far from the Verizon Center. With 100 M being within sight of Nationals Park, it would seem a plausible destination, assuming the final papers get signed (which does not appear to be imminent). It'll be interesting to see their timeline, especially vis-a-vis the baseball season (getting it done by Opening Day, 5 1/2 months from now, would seem to be a bit optimistic, I think?).

Word is starting to bounce around that a tenant is close to being signed for the prime restaurant space in the ground floor of 100 M Street SE, on the northeast corner of 1st and M, one block north of Nationals Park.

I'm now back after a week wandering the Midwest again, this time spending a few days in Chicago and then going up to Milwaukee, where touring time was cut short thanks to that epic windstorm (but at least I got to see the Historic Third Ward and the Milwaukee Public Market). Lots of photos of streetscapes and buildings are here, if you feel like looking at some non-Near Southeast images for a change.

I wasn't able to attend* today's foreclosure sale of 100 M Street, but word filtered to me early this afternoon that the 220,000-square-foot office building was picked up for a cool $57 million by Northwood Investors, a real estate investment management firm based in New York City. I've been told (and I'm trying to confirm) that Northwood had bought the original loan/note from Bank of America, and then had the high bid today against one other bidder, whose identity I don't know.

While normal people have spent their weekend recreating and taking it easy, I've been trying to find out more about the just-announced foreclosure sale of 100 M, the 220,000-square-foot office building that has been tied up in Opus East's Chapter 7 liquidation.

[Great--big news at 5 pm on Friday. Hope somebody actually reads this] On Sept. 21, a notice of foreclosure sale was filed for 100 M Street SE, the 220,000-square-foot office building built by Opus East and completed in late 2008. A few months later, Opus became the biggest Near Southeast casualty of the recession, filing for Chapter 7 liquidation and leaving their 440,000-square-foot office project at 1015 Half St. unfinished. While 1015 Half was soon picked up by the Douglas Wilson Companies and is now being completed, 100 M has remained at sea, despite a rumor a year ago (quickly shot down) that Mayfield Gentry was buying it for $80 million.

I'm hearing that the Douglas Wilson Companies--a San Diego developer specializing in "distressed properties and crisis management" that was appointed in late July as receiver for both 1015 Half Street and 100 M--is getting construction moving again at 1015 Half (along with "aggressively" marketing and leasing of the building). Also, a "disposition strategy" for 100 M is expected to be in place later this month. This appears to be Wilson's first foray into the DC market, though the company also has branches in Atlanta, Las Vegas, Miami, Orlando, and San Francisco. This San Diego Business Journal profile of Wilson and his company gives a bit more info not only on the organization but on the role of a receiver in dealing with distressed properties. The two buildings hit the skids when Opus East collapsed and liquidated.