Perhaps when pulling together this clearly rigorous study they wandered by my map of the murders in Near Southeast between 1987 and 2004 and forgot to read the dates on the data. More likely is a glitch with their algorithm comparing crime reports with the size of the population (which has been pretty small in Near Southeast over the past few years). Or a mixup with addresses. But otherwise, my goodness....!

UPDATE: Further ruminations on this travesty of a mockery of a sham of a mockery of a travesty of two mockeries of a sham [ahem] from DCist and NBC4. And DC Urban Turf finds that this list has gotten into trouble in the past.

UPDATE II: Here's ABC7's video report on the story, which includes an extremely rare on-camera appearance by yours truly. As should be clear by now, if there's anything that gets me riled up, it's factual inaccuracies.

UPDATE III: And NBC4's 11 pm report. If indeed the study included number of stolen cars to consider a neighborhood "dangerous," then yes, I can see how Near SE's numbers would skew high, especially if they used 2008 crime data. (A lot of cars got stolen during the 2006-2008 era, when construction workers came to the area to build the stadium and other buildings, and there were few people on the streets during the day to act as "eyes and ears.") But still, does that make a neighborhood *dangerous*? Yeesh.

My big question was about why this is being billed as a sale of a "60-Year Leasehold Interest," and what I've found out is that Opus never owned the land, but instead had entered into a lease with and paid rent to the landowners. (Who are the people behind "Square 743 Inc"? I'd love for someone to tell me!) When Opus's operations went south, their lender (Bank of America) stopped funding the construction loan, so contractors stopped being paid, liens were filed, bankruptcy case got ugly, etc. etc.; basically, it's been a mess.

BoA is now washing its hands of it all, and is looking to get back some amount of the $58 million currently owed on the construction loan. (The land ownership is not being foreclosed on.) I've heard that BoA contracted with CB Richard Ellis earlier this year to sell the loan, and there's speculation that BoA may have a deal with an investor already, even though the Notice of Foreclosure Sale still lists BoA as the holder of the note. This would be similar to the way JPI's empty lot at 23 I Street changed hands a year ago, with SunTrust Bank selling the note to Ruben Companies, who then instituted foreclosure proceedings and took ownership of the property when no bidders came forward.

However, while the word "foreclosure" usually conjures up feelings of doom and gloom, for 100 M this should be a step up from Opus's liquidation. Instead of continuing to be tied up with companies and lenders and courts who have no interest or wherewithal to spend the money needed to clean up the mess and to market and lease the building's office and retail spaces, there may now be at least one investor--and maybe others, if the foreclosure sale brings bidders--who feels that the building is worth taking a gamble on now for a return on investment later. (Though it's worth noting that there is not a similar feeling of optimism about any new office projects in the area any time soon, with on-spec construction still completely DOA.)

We shall see how it all shakes out.

The auction is scheduled for Oct. 28 at noon, so this building can be yours for a mere $5 million deposit and an all-cash winning bid. It's currently 43 percent leased.