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U.S.’s property sales get tougher

Posted on 17 November 2010

From WSJ: Sellers of commercial property unhappy with today’s low valuations and tight financing market can commiserate with the federal government. The economic downturn has also made the job of the General Services Administration tougher.
It has never been easy for the federal agency, which manages about 380 million square feet of leased and owned real estate, to sell government properties that are either vacant or obsolete—that can range from homes once used by park rangers to environmentally contaminated industrial properties……………………………………….Full Article: Source


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