Trump Agency Pulls 443 Sites Off Market in Real Estate Reversal

[Eugene]

Source: Bloomberg

Trump Agency Pulls 443 Sites Off Market in Real Estate Reversal

Gregory Korte
Wed, March 5, 2025 at 2:18 PM EST 4 min read

(Bloomberg) -- The Trump administration has reversed its decision to list nearly 80 million square feet of federal property for possible sale, a setback for President Donald Trump’s efforts to quickly shrink the federal government.

The General Services Administration said the properties could be listed again soon, but for now it has removed the inventory of “non-core” properties after receiving “an overwhelming amount of interest.”

“We anticipate the list will be republished in the near future after we evaluate this initial input and determine how we can make it easier for stakeholders to understand the nuances of the assets listed,” said GSA spokesperson Stephanie Joseph.

The agency’s retreat capped a stunning 18 hours that shook federal agencies and threatened already-wobbly commercial real estate markets. At 2 p.m. Tuesday, the General Services Administration — often referred to as the federal government’s landlord — posted a list of 443 properties it was considering for sale. The an inventory ranged from an El Paso toll booth to the Food and Drug Administration’s research campus in Silver Spring, Maryland.

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Read more: https://www.yahoo.com/news/trump-agency-pulls-443-sites-161756628.html

[nilram]

1. I think this means a Trump holding company was outbid.

And they have to figure out some other way to get them into the "right" hands.

[Hekate]

2. (screaming) How the hell is this even legal in the USA?