GSA plans to sell hundreds of federal government buildings

Employees in Public Services Department (GSA) was said to sell 500 plus Federal government Buildings throughout the United States, tells the sources.

WIRED got a full list of GSA buildings, all of which were appointed as “basic” or “non -core” assets. Of the more than 1500 assets identified in the list, more than 900 are assigned as “essence”, and thus are protected, from now, from the sale. The “basic” appointment applies to buildings such as federal courts, border inspection stations or law enforcement facilities.

GSA, according to the sources whose identity was not disclosed because they are afraid of revenge, plans to sell most of the remaining buildings of more than 500 people, some of which are the government of the House of Representatives and the offices of American Senate members.

A note in the list of buildings states that the agency’s intention is in the end to reduce “the size of the real estate fingerprint owned by 50 percent and the number of buildings by 70 percent. Discounts will focus on the non -basic public office space for the portfolio that can be replaced as needed in the private leased market. To move forward , All non -basic buildings will be eliminated and tenants will be transferred to lease contracts.

GSA, a Critical government agency It runs federal buildings and technology, provided Elon Musk PartnersIncluding X Nicole Hollander, who has a high -level agency access and official government email address. Thomas Chid, the recently installed manager for technology conversion services within GSA, as a Tesla software engineer for eight years. WIRED also stated that a number of young engineers With relationships with Musk companies and a small or non -governmental experience, no government agencies, including GSA, have not allowed to reach a number of government agencies, including GSA.

According to the list, the buildings designated for the mass include John C. Kloxleski Federal Building In Chicago, which includes the satellite offices of the Ministry of Labor, the Anti -Narcotics Administration, the internal revenue service, the monitoring office, and the offices of the Senators for the Democratic State of Illinois, Tami Dakright and Dick Dorbin. The building also contains wider cultural importance – designed by the famous architect Ludwig Mies Van Der Rohe and features Alexander Caldrom sculpture.

The John F. Kennedy Federal Building was also included in Boston as the “non -core” asset. This building, in addition to It includes a number of government agenciesHe also holds offices of the Senate member of the Massachusetts State of Massachusetts Elizabeth Warren and Edward Market.

The Ed Jones Federal Building was included in Jackson, Tennessee, who holds the position of Republican Senate Member, Marsha Blackburn and Bill Hajariti, as well as Republican Congress member David Costov, as a “other) origin.

“The improvement of the GSA real estate portfolio gives priority to reducing the postponed maintenance obligations, supporting the return to the Federal Personnel Office, and benefiting from a stronger special/government partnership in the management of the workforce in the future,” says a press release from GSA today.

GSA did not immediately respond to a request for comment.

“The intention of GSA and the entire federal government is to reduce the number of old buildings owned by high discounts … for the benefit of the latest leased buildings, which can be more flexible and more modern, which have ways to cooperate and tell the SHEDD SEDD SEDDS TTS employees at a meeting on February 5, According to the sound you got.

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It was the real estate portfolio of the federal government, and the associated maintenance costs, Priority for the agency Since Donald Trump’s inauguration. There are a number of buildings in bad or unexploited, or inappropriate for modern office planning. In 2023, GSA has conducted a total of five buildings, and identified 23 additional properties to get rid of future investments.

Now this goal seems to be a higher order. The commercial real estate market (CRE) is though, in the aftermath of Covid and remote escalate, which has reduced property values. In an opening article last summer to review Harvard’s business, chief economist to caution The banks with large generous portfolios face exposure due to loan obligations on the horizon and can fail, which leads to a financial crisis. Hundreds of new buildings are placed on the market, many of them in city centers that are already struggling, and may risk increased instability.