April 30, 2015 The Postal Service’s Office of Inspector General has issued its fourth report criticizing the Postal Service’s oversight of the contract with its real estate broker, CBRE. It’s entitled “Postal Service Management of CBRE Real Estate Transactions.” The OIG finds fault with both the leasing deals and the sales of postal property, and…
By Richard Johnson – January 16, 2015 Ever wonder how lowly paid lawmakers leave office filthy rich? Sen. Dianne Feinstein is showing how it’s done. The US Postal Service plans to sell 56 buildings — so it can lease space more expensively — and the real estate company of the California senator’s husband, Richard Blum,…
Late last year, the Postal Service announced that it would not proceed with its controversial plan to sell the Old Chelsea post office at 217 West 18th Street in Manhattan. Now the Postal Service has decided it wants to sell the air rights above the historic building. According to a letter to the New York…
