Washington D.C. collected $8.7 million in delinquent tax revenue, plus another $4 million in surplus, during a mid-July tax auction.
Among the 1,653 liens that were sold, 21 were on properties known to be owned by Douglas Development Corporation, which is headed by developer Douglas Jemal. All together his identified properties brought in $915,149.29.
The Washington Business Journal reports:
Among the Douglas properties sold at auction: Jemal’s Uline LLC (the Uline Arena) at 1140 3rd St. NE, Jemal’s Hookers LLC (2221 14th St. NW), Jemal’s Michigan LLC (816 Michigan Ave. NE), Jemal’s KFC LLC (1442 Pennsylvania Ave. SE), and Jemal’s 623-625 H Street (623 H St. NW).
I’ve contacted Norman Jemal, a Douglas principal, for comment, but have not heard back.
It’s like deja vu all over again for Douglas Development. Last year, Jemal owed $6 million to the District and ultimately refinanced his Atlantic building at 950 F St. NW in part to pay off his debts to D.C. And like last year, there’s almost no chance Jemal will let any of his properties go to foreclosure.
According to the WBJ, the property owner has about six months to pay off the lien holder before foreclosure proceedings can be initiated.
Jemal owns several properties in Richmond, including the Central National Bank building and the Interbake cookie factory. Jemal also owns several retail buildings along Broad Street, which have been recently renovated.
Washington D.C. collected $8.7 million in delinquent tax revenue, plus another $4 million in surplus, during a mid-July tax auction.
Among the 1,653 liens that were sold, 21 were on properties known to be owned by Douglas Development Corporation, which is headed by developer Douglas Jemal. All together his identified properties brought in $915,149.29.
The Washington Business Journal reports:
Among the Douglas properties sold at auction: Jemal’s Uline LLC (the Uline Arena) at 1140 3rd St. NE, Jemal’s Hookers LLC (2221 14th St. NW), Jemal’s Michigan LLC (816 Michigan Ave. NE), Jemal’s KFC LLC (1442 Pennsylvania Ave. SE), and Jemal’s 623-625 H Street (623 H St. NW).
I’ve contacted Norman Jemal, a Douglas principal, for comment, but have not heard back.
It’s like deja vu all over again for Douglas Development. Last year, Jemal owed $6 million to the District and ultimately refinanced his Atlantic building at 950 F St. NW in part to pay off his debts to D.C. And like last year, there’s almost no chance Jemal will let any of his properties go to foreclosure.
According to the WBJ, the property owner has about six months to pay off the lien holder before foreclosure proceedings can be initiated.
Jemal owns several properties in Richmond, including the Central National Bank building and the Interbake cookie factory. Jemal also owns several retail buildings along Broad Street, which have been recently renovated.