Congress to Postal Service: “Drop Dead!”
The fire sale of our post offices is accelerating while the media remain largely asleep at the wheel. In July 2011, the U.S. Postal Service (USPS) gave an exclusive contract to liquidate the public’s property to the giant commercial real estate firm C.B. Richard Ellis (CBRE), which also advises the Postal Service on which properties to sell. It’s no surprise, then, that so many of the post offices listed for sale or already sold happen to be in expensive real estate markets.