realestate

US Government Halts Major Commercial Property Auction

GSA puts federal office building sales on hold amid worker and official criticism.

T
he US government was poised to sell hundreds of federal office buildings in Washington, D.C. and nationwide as part of one of the largest commercial real estate sales ever. However, by Wednesday morning, the sale process had been put on hold. In a surprising move, the General Services Administration (GSA) removed nearly 440 federal buildings from its website that were listed for sale just hours earlier. These properties comprise approximately 80 million square feet of space.

US government officials pause major commercial property auction in downtown Washington D.C.