So Begins DC's End-Of-the-Year Sales Frenzy

WASHINGTON, DC—Cornerstone Real Estate Advisers knew it had a gem on its hands as it went to market with two historic properties across the street from the White House. But that didn’t mean it wanted to drag out the process. Like every other entity in DC, Cornerstone and its broker for the deal, Cushman and Wakefield, rushed to wrap up unfinished business for the year’s end. The $55.5-million transaction consisted of a three-week study period and a seven-day close with the seller and its representative eyeing the calendar all the while.

Cornerstone RE also just sold the Metropolitan at Lorton Station, in this case on behalf of a client, which a source reports was Kettler’s KSI Development. Cornerstone and Kettler did not return inquiries from GlobeSt.com in time for publication.