Employee on General service administration (GSA) has been asked to sell 500-plus Federal government Buildings, sources across America told Wired.
Wired received a complete list of GSA buildings, all of which have been designated as “core” or “non-core” assets. Out of over 1500 assets known in the list, more than 900 are designated as “core” and thus, for now, are preserved from sales. The “core” designation applies to buildings such as federal courthouse, border inspection stations or law enforcement facilities.
GSA, according to sources that were given oblivion as they are afraid of vengeance, plans to sell most of the remaining 500 buildings, some of which house of house government agencies and US senators.
A note in the list of buildings stated that the agency eventually intends to reduce the footprint size of real estate and by 70 percent in the number of buildings. The deduction is at the non-core general office location of the portfolio Centered which can be replaced by the private leased market as required.
GSA, A Important government agency It has been employed with federal buildings and technology Associates of Elon MuskThe X employee, including Nicole Hollander, who has a high-level agency use and an official government email address. Thomas Shed, the recently established director of technology change services within GSA, worked as a software engineer in Tesla for eight years. Wired also told that many young engineers Several government agencies have not been accessed with relations with Kasturi companies and much less than any government experience.
As by list, buildings fixed for blocks are included John c. Clousinsky federal building In Chicago, which is in satellite offices for the offices for the Labor Department, Drug Enforcement Administration, Internal Revenue Service, a probation office, and the Democratic Illinois Senator Tammy Duckworth and Dick Dabin. The building also has widespread cultural significance – it was designed by the famous architect Ludwig Mees Van Der Rohe and has a prestigious Alexander Calder Sculpture.
John F in Boston. Kennedy Federal Building is also listed as “non-core” property. In addition to this building, Housing to many government agenciesDemocratic Massachusetts also have offices for Senator Elizabeth Warren and Edward Marki.
Jackson, Ed Jones Federal Building in Tennessi, which is an office for Republican Senator Marsha Blackburn and Bill Higrant as well as Republican Congressman David Custoff, has also been listed as “non-core” assets.
“Customizing GSA's real estate portfolio supports to reduce our deferred maintenance liabilities, support the return to the office of federal employees and take advantage of a strong private/government participation in the management of the future workforce,” from GSA Read in a press release released today.
The GSA did not immediately respond to the remarks request.
“The intention of GSA and the entire federal government is to reduce the number of old buildings that are owned by high liabilities … in favor of the newly leased buildings, which may be more flexible and more modern, which are more modern There are ways to cooperate and cooperate to teams. According to the audio received by Wired, in a meeting on February 5, TTS employees were told to TTS employees, private spaces.
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Lowering the real estate portfolio of the federal government, and reducing the related maintenance costs. Priority for agency Since the opening of Donald Trump. Many buildings for modern office layouts are poor repair, less or sick. In 2023, GSA divided a total of five buildings, and identified 23 additional qualities for future division.
Now that goal appears to be a sequence of more magnitude. Commercial real estate (Cre) market is fragile, however, after Kovid and in the rise of distant work, which dropped the property values down. An up-ed for Harvard Business Review In the last summer, one chief economist Wags That banks with large CRE portfolio can face exposure due to debt obligations and fails, which can cause financial crisis. Keeping hundreds of new buildings on the market, many in already struggling centers, risk, at risk of further instability.