The Trump administration is evaluating the possibility of selling off two-thirds of federal office properties, aiming to downsize government operations significantly. This decision could pose challenges for cities like Los Angeles, where dated federal properties, including several courthouses, may be up for grabs. While the General Services Administration is involved in real estate optimization, Trump and Musk have indicated that specific courthouses will remain intact. The implications of this potential sale are critical as LA grapples with outdated government buildings and a shifting landscape for federal real estate.
"It's not easy to sell off dated, empty federal government properties with niche uses, but the city of Los Angeles might be faced with that task..."
"The Trump administration is reportedly weighing the sale of two-thirds of the government's office stock to the private sector as part of the administration's major downsizing..."
#federal-real-estate #trump-administration #los-angeles #downtown-courthouses #government-downsizing
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