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US Government to Sell Up to $750 Million in Excess Property for Commercial Redevelopment

'There's a Whole City Block in Menlo Park That Could be Worth Hundreds of Millions,' Says Advisory Committee Member
The standout Chet Holifield Federal Building in Orange County, California, is one of 12 properties being recommended for sale. (Beyond My Ken/Wikimedia)
The standout Chet Holifield Federal Building in Orange County, California, is one of 12 properties being recommended for sale. (Beyond My Ken/Wikimedia)
By Bryce Meyers
CoStar News
January 23, 2020 | 11:32 P.M.

The federal government may sell millions of square feet of underused but high-value properties in key markets across the country, from an entire city block in Silicon Valley to a former missile site in Maryland, for commercial redevelopment to cut more than $1.7 billion in annual taxpayer costs.

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