The real estate market is still pretty weak, but don’t tell that to the American Bar Association.
The organization hopes to cash in on its Washington location, a historic edifice just a block from the White House. The ABA purchased the building during the early 1990s for $20 million, treasurer Alice Richmond said during a presentation before the ABA House of Delegates. Now, it hopes the sale of the structure will bring in about $65 million — representing a handsome profit.
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