realestate

San Francisco Federal Buildings Removed from GSA's List of Properties to Sell

Two San Francisco office buildings spared from federal sale, one historic and the other a modern landmark.

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wo San Francisco federal office buildings, one a 1930s-era structure and the other a modern architectural landmark built in 2007, have been spared from a list of "assets for disposition" on the General Services Administration website. The list has been drastically reduced to just eight buildings nationwide, with none located in California.

    The initial plan, announced at the start of the Trump administration, aimed to sell off federally owned office buildings as part of a cost-cutting effort. However, this move was met with skepticism by real estate experts who questioned whether it would be financially viable to sell and then lease new offices elsewhere. The older building in San Francisco houses local GSA offices, while the newer one, named after House Speaker Emerita Nancy Pelosi, is an obvious target for Republicans due to its modern design.

    The list of "Assets Identified for Accelerated Disposition" had ballooned to over 500 buildings in mid-February but was later reduced to 440. The new, pared-down list includes buildings in Maryland, New Jersey, Illinois, Missouri, Texas, Georgia, and Tennessee. The largest building on the list is the Peachtree Summit Federal Building in Atlanta, a 30-story tower built in 1975.

    The sudden announcement of the initial list caught many members of Congress off guard, with some learning about it through media reports. This move has sparked pushback from both sides of the aisle, highlighting the limitations of the administration's power to unilaterally dispose of federal assets without Congressional approval.

San Francisco federal buildings removed from GSA's list of properties for sale.