Watergate complex to Nixon's resignation on August 9, 1974. The name "Watergate" and the suffix "-gate" have since become synonymous with political scandals in the United States and elsewhere. The Watergate superblock is bounded on the north by Virginia Avenue, on the east by New Hampshire Avenue, on the south by F Street, and on the west by the Rock Creek and Potomac Parkway. It is in the Foggy Bottom neighborhood overlooking the Potomac River, next to the Kennedy Center and the embassy of Saudi Arabia. The nearest Metro station, 0.4 miles (650 m) distant, is Foggy Bottom-GWU. For more than a
Watergate complex the Watergate scandal. In 1993, the British coal board pension fund sold the office portion of the building (as well as the land under two of the three Watergate apartment buildings) to The JBG Companies (an American firm) and Buvermo Properties Inc. (a Dutch company). In 1997, JBG Cos. and Buvermo Properties sold the office building to the Blackstone Group's Trizec Properties division. Trizec put the office building up for sale for $100 million in 2005 and sold it to BentleyForbes Acquisitions LLC, a private firm owned by C. Frederick Wehba and members of the Los Angeles-based Webha family. BentleyForbes