Staff at General service management (GSA) was asked to sell 500 Federal Government Building across the United States, wired sources.
Wired has a full list of GSA buildings, all indicated as the property of the core or not the core. Of the more than 1500 assets determined in the list, more than 900 assets are designated as the core, and therefore protect, currently, from sales. The core of the Viking people applies to buildings such as federal courts, border inspection stations or law enforcement facilities.
GSA, according to sources hidden because they are afraid of revenge, plans to sell most of the remaining buildings 500, some of which government and offices of US senators.
One note in the list of buildings says that the intention of the last agency is to reduce 50 % of the scale of real estate ownership of 50 % and the number of buildings to 70 %. The reduction will be focused on the core common office space of the portfolio that can be replaced when necessary in the private rental market. Going forward, all non -core buildings will be handled and their tenants will be transferred to the lease.
GSA, A Government agency important that management of federal buildings and technology, has been staffed by the staff Elon Musk's colleaguesIncluding X staff Nicole Hollander, who has access to senior agents and official email addresses of the Government. Thomas Shedd, the recent director of the technological conversion service in GSA, worked as a software engineer at Tesla for eight years. Wired also reported that some young engineers With the relationship with Musk's companies and less experienced by the government has access to a number of government agencies, including GSA.
According to the list, the blocks for the block include Federal Building John C. Kluczynski In Chicago, the place where the satellite offices for the Ministry of Labor, Drug Administration, Interior Revenue Services, Processing Office and Office for Democratic Senator Illinois Tammy Duckworth and Dick Durbin. The building also has a broader culture, it is designed by the famous architect Ludwig Mies van der Rohe and has a iconic Alexander Calder sculpture.
The Federal Building John F. Kennedy in Boston is also listed as an non -core asset of Muslims. This building, in addition Housing in some government agenciesAlso keep offices for Democratic Senators Massachusetts Elizabeth Warren and Edward Markey.
Federal Building Ed Jones in Jackson, Tennessee, where the Office of Republican Senators Marsha Blackburn and Bill Hagery, as well as the Republic of the Republic of David Kustoff, is also listed as an asset that is not the core. core.
Optimizing GSA's real estate portfolio priority to reduce our delayed maintenance debts, support to return to the federal staff office and take advantage of the private/government partnership. stronger in managing the working force of the future, reading a press release from GSA issued today.
GSA did not answer immediately asking for a comment.
The intention of GSA and the entire federal government is to reduce the number of old buildings owned by high debts, beneficial for newer rental buildings, which can be more flexible and more modern, yes, yes The way for teams to cooperate and have private space, Mr. Shed Shed told TTS staff in a meeting on February 5, according to Wired's sound.
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Slimming of the Federal Government's real estate portfolio and relevant maintenance costs, it was one Priority for the agency Since the inauguration of Donald Trump. Some buildings are being repaired poorly, not properly used or not suitable for modern office layout. In 2023, GSA divested a total of five buildings and identified 23 additional assets to divest capital in the future.
Now that goal seems to be a higher order. The commercial real estate market (CRE) is very fragile, although, after the consequences of Covid and the development of remote work, has promoted asset values. In an OP-Ed last summer for Harvard Business Magazine, a chief economist warning That banks with a large CRE portfolio face the contact due to dim lending obligations and may fail, leading to a financial crisis. Order hundreds of new buildings in the market, many people in the city centers have been in difficulties and potentially risk of instability.