South Florida P&DC goes for $5.8 million more than the USPS sold it for, just two months ago

South Florida P&DC goes for $5.8 million more than the USPS sold it for, just two months ago

"...The City of Pembroke Pines thus made a quick and hefty profit of $5.7 million, pretty much at the expense of the Postal Service. One has to wonder why CBRE, the Postal Service’s exclusive real estate agent, wasn’t able to get more for the property. How was the City of Pembroke Pines able to find a buyer willing to pay $5.8 million more than the City had paid the Postal Service, just two months earlier? ...Postal Service has maintained a retail post office on the property by leasing space from the City of Pembroke Pines ..."    

This Article is From: www.savethepostoffice.com
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IG Taps Valbridge To Bring Transparency to USPS' Real Estate Portfolio

IG Taps Valbridge To Bring Transparency to USPS' Real Estate Portfolio

"...Valbridge's award of this contract follows a series of reports by the OIG this past year that have identified what the OIG perceives to be failures by the Postal Service to properly manage its real estate holdings. Earlier this month, a report by the OIG determined that the Postal Service did not know how many vacant properties it owned or leased..."    

This Article is From: www.globest.com
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As Postal Service destroys the U.S. mail network, great real estate deals abound (41 properties for sale)

USPS Properties For Sale

"...The USPS expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the property (the “Property”), and/or terminate discussions with any entity at any time with or without notice. The USPS shall have no legal commitment or obligation to any entity reviewing the marketing materials or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the USPS, and any conditions to the USPS's obligations have been satisfied or waived...."    

This Article is From: www.uspspropertiesforsale.com
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APWU NBA challenged the re-election of Robert Sulentic to Staples’ board of directors

Staples Execs Get an Earful at Annual Shareholders’ Meeting

"...APWU National Business Agent Shirley Taylor challenged the re-election of Robert Sulentic to Staples’ board of directors, noting that he has an apparent conflict of interest. Sulentic is also CEO of CBRE, the giant real estate firm that holds an exclusive contract to sell post offices and other USPS facilities...."    

This Article is From: www.apwu.org
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Postal Service real estate deals lead to 'conflict of interest' possibilities, could cost the Postal Service, says OIG

Watchdog criticizes Postal Service for lack of ‘arm’s length’ real estate deals

"...“CBRE conflicts of interest could lead to financial loss to the Postal Service and decrease public trust in the Postal Service’s brand,” the Postal Service Inspector General’s office said Wednesday in a “management alert” that strongly recommends that the arrangement be scrapped...."    

This Article is From: www.washingtonpost.com
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Make 'Mad $tacks' off of USPS real estate

Dianne Feinstein Delivers Postal Profits to Hubby

"... in light of the rumored Feinstein & Blum U.S. Postal Service deal — were apparently made in vain. Therefore, I will now urge my grandchildren to comprehensively study just one book, How to Win Friends & Influence People by Dale Carnegie, hire a great photographer for those close-up moments, and prepare to receive unimagined riches. ..."    

This Article is From: townhall.com Read our latest posts! .

Postal Service selling postal properties through CBRE at far less than assessed values

Nader to Feinstein: Stop the USPS Sell Off

"...Going Postal: U.S. Senator Dianne Feinstein’s Husband Sells Post Offices to His Friends, Cheap. In his letter, Nader highlights a number of troubling issues raised by Byrne, including that in the first two years of CBRE’s contract with USPS, it sold 52 postal properties at $66 million less than their assessed value...."    

This Article is From: www.corporatecrimereporter.com Read our latest posts! .