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Real Estate Briefing - Categorized | Americas, Market Moves more

Obama seeks to accelerate sales of surplus real estate

Posted on 05 May 2011

The real estate market may be in a slump, but few sellers have it tougher than the federal government. The nation’s biggest property owner, the U.S. government has 14,000 office buildings, warehouses and other properties that have officially been deemed unneeded. Yet speedy disposal historically has been stymied by layers of red tape, political interference and bureaucratic inertia (not to mention the dread of packing and moving).

On Wednesday, the Obama administration proposed creating an independent commission to streamline the process of physically downsizing the federal government……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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