GSA plans to sell hundreds of its federal government buildings

Employees at General Services (GSA) is said to sell 500 plus Federal government Buildings in the US, sources say to Wired.

Wired has received a complete list of GSA buildings, all of which are designated as “main” or “non -ex -performing” assets. Of the more than 1500 assets identified in the list, over 900 have been identified as a “core” and thus are protected, so far from the sale. The “basic” designation applies to buildings such as federal courts, border inspection stations or law enforcement facilities.

According to sources who have received anonymity to GSA because they are afraid of revenge, it plans to sell most of the other buildings with 500 plus, some of which are government agencies at home and offices of US senators.

A note in the list of buildings states that the agency’s intention is ultimately to reduce “the size of the print of own real estate by 50 percent and the number of buildings by 70 percent. The reduction will be focused on the nuclear overall office space of the portfolio, which can be replaced according to the needs of the private rented market. Moving forward, all non-casual buildings will be discarded and their tenants will be leased. “

Gsa, a Government agency This manages federal buildings and technology, has staff with Co -workers of Elon MuskIncluding X employee Nicole Hollander, who has access to a high -level agency and an official government’s email address. Thomas Shd, the recently installed director of technology transformation services within the GSA, has worked as a software engineer at Tesla for eight years. Wired also reported that a number of young engineers With connections with Musk companies and little or no experience in the government, they have gained access to a number of government agencies, including GSA.

According to the list, buildings intended for the block include John S. Cloatsky Federal Building In Chicago, which houses satellite offices for the Ministry of Labor, the drug administration, the internal revenue service, a probation office and offices for the democratic Illinois Dukomi Dukworth and Dick Durbin senators. The building also has a broader cultural importance – it is designed by the famous architect Ludwig Miss van Der Der Roe and has an iconic sculpture of Alexander Calder.

The John F. Kennedy Federal Building in Boston is also referred to as a “non-adverse” asset. This building, in addition to Housing of a number of government agenciesHe also borrows offices for Massachusetts democratic senators Elizabeth Warren and Edward Marks.

Ed Jones’ Federal Building in Jackson, Tennessee, who holds a position for Republican senators Marsha Blackburn and Bill Hagerti, as well as for the Republican Congressman David Custoff, is also referred to as an “non -existent” asset.

“The optimization of the GSA real estate portfolio gives priority to reducing our delayed maintenance obligations, supporting the return to the service of federal employees and to take advantage of a stronger private/government partnership to manage the workforce of the future,” said In a press release from GSA, issued 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 that are owned by high obligations … For the benefit of the worse -leased buildings that can be easier and more modern, who have ways to team the teams to They collaborate and have private spaces, “a joke told TTS employees at a February 5th meeting, according to an audio obtained from Wired.

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Weakening the Federal Government’s real estate portfolio and related maintenance costs is Agency since before taking office of Donald Trump. A number of buildings are in poor renovation, insufficiently used or unscrupulous for contemporary office layouts. In 2023, GSA diverted a total of five buildings and identified 23 additional properties for future release.

Now this purpose seems higher order. The market for commercial real estate (CRE) is fragile, but after Kovid and the rise of remote work, which reduced the values ​​of the property. In Op-E last summer for Harvard Business Review, a chief economist warn that banks with significant CREA portfolios are facing exposure due to onset loan liabilities and can fail, leading to a financial crisis. Putting hundreds of new buildings on the market, many of the struggle in the city centers are potentially rising more instability.