Richmond’s historic Saunders Station post office sold, finally

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After trying to dispose of it for over four years, the Postal Service has finally sold the historic 1937 Saunders Station post office at 1625 Broad Street in Richmond, Virginia.  The Postal Service apparently got ahead of itself and began renting space for the new location of the post office back in 2011, when it originally expected to sell the … Read More

OIG recommends terminating the USPS-CBRE contract and refers cases for criminal investigation

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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 it recommends terminating the contract with CBRE.  The … Read More

Congresswoman Barbara Lee proposes moratorium on sale of historic post offices

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Congresswoman Barbara Lee 
of California (13th District) has introduced legislation to halt the sale and consolidation of historic Postal Service facilities. The Moratorium on US Historic Postal Buildings Act would prevent the Postal Service from selling any facility until all buildings listed or eligible for listing on the National Register of Historic Places are removed from the auction block.  The text of … Read More

Sold American: An inventory of USPS disposed properties, 2009-2014

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The Postal Service has sold over 500 properties over the past five years, but it hasn’t released much information about the disposals.  A few weeks ago, however, the Postal Service finally updated its Owned Facilities report, so it’s now possible to learn more about which properties have been sold off. The overall scope of the disposal program has not been … Read More

CBRE arranges sale of Bronx GPO to one of its clients

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The New York Daily News is reporting that the Postal Service has sold the Bronx General Post Office to Youngwoo & Associates.  Back in February, The Real Deal had reported that Youngwoo was proposing to use the site to build a marketplace in the vein of the company’s unsuccessful plan for the Kingsbridge Armory in the Bronx. The founder and … Read More