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Friday, October 21, 2011

Not Everyone Thinks The Federal Real-Property Fire Sale Is Successful

The Washington Business Journal reports that real estate experts are skeptical. They say most of the propery is not likely to draw any serious interest and that property is considered "excess" in the first place because there's not much value for prospective buyers. On the other hand, they say the Civilian BRAC process could generate interest because there are properties included that are prime sites for redevelopment. That bill is working its way through Congress. The properties also have to be OK'd for sale

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