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

Damaged downtown Napa post office listed for sale

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The Postal Service has officially listed Napa’s earthquake-damaged downtown post office building for sale on the USPS-CBRE Properties for Sale website.  An asking price was not provided, so it will be up to bidders to make their best offers for the historic property. The post office, which was built in 1933 in the Art Deco style, was badly damaged in … Read More

Another post office in Houston earmarked for relocation and disposal

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The Postal Service hasn’t discontinued many post offices over the past couple of years, but it has closed some for emergency suspensions, and it has also relocated several others.  In some cases, the Postal Service relocated from one leased property to another, moving to a smaller space where the rent was cheaper.  In other cases, the Postal Service moved out … Read More

Help save Napa’s historic post office from the wrecking ball

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The National Trust for Historic Preservation is once again taking on the Postal Service.  After successfully challenging the sale of the Berkeley post office earlier this year, the Trust is now trying to save the historic Franklin Station post office in Napa, California.  The post office, an Art Deco gem built in 1933, was damaged by the earthquake last August. … Read More

Historic Houston post office headed for demolition

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Next week the Postal Service will close the post office and processing center on Franklin Street in downtown Houston.  It’s a historic building, eligible for the National Register of Historic Places, but it looks as though it is headed for demolition.   In a "memorandum of agreement" about the disposal, the Postal Service states that it "anticipates demolition of the … Read More

Inspector General Goes Postal

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Peter Byrne, author of Going Postal: U.S. Senator Dianne Feinstein's Husband Sells Post Offices to His Friends, Cheap, has a piece in the East Bay Express about the new OIG report about CBRE's contract to manage the Postal Service's real estate portfolio.  Byrne's report on CBRE was probably the motivation for the OIG's investigation, so his new article is well worth … Read More

Government says company part-owned by Feinstein’s husband abuses post office contract

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David Dayen: CBRE, a giant real estate company partially owned by Sen. Dianne Feinstein’s husband Richard Blum, is costing the U.S. Postal Service millions of dollars a year in lease overpayments, and its exclusive contract should be immediately canceled, the service’s Inspector General has found. Eyebrows rose when the USPS made the contract with CBRE in June 2011 for all real estate transactions. Blum chaired … 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

York PA post office resold for more than twice what the USPS sold it for

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The historic post office in York, PA, has just been sold by one developer to another.  In August 2013, York businessman Themi Sacarellos bought the post office from the Postal Service for $350,000.  It had been assessed at $1,480,440, and it was initially listed at $800,000.  The USPS-CBRE Properties for Sale website currently lists it at $650,000 and "sold."  After … Read More