From The Real News Network, a report from Berkeley on the neolibertarian-planned destruction of the U.S. postal service, including the sell-off of buildings, many architectural jewels, to the immense profit of the spouse of California Senator Diane Feinstein.
An excerpt from the webcast produced by TRNN’s David Zlutnick, including a quote from UC Berkeley geographer Gray Brechin:
[S]ome private contractors will do quite well off of the ongoing USPS fiscal crisis. CBRE, for example, is the world’s largest commercial real estate broker, chaired by San Francisco billionaire Richard Blum, husband of Sen. Diane Feinstein. Last year CBRE won a contract from the USPS to be the sole manager of its property sales, as well as an advisor on which properties should be sold.
Brechin: CBRE also arranges the leases, so it’s involved in all aspects of the sale. They’re making a ton of money off this.
CBRE has played this role before. In October 2009, the firm was contracted by the State of California to sell over $2 billion in office buildings the state wanted to privatize because of its own financial problems. But USPS dismisses any possible conflict of interest CBRE may have in performing its services.
One of the post offices on the block is the downtown Berkeley building, listed on the National Registrar of Historic Places and the home of some very notable New Deal-created artwork featured in a previous post.